US President Joe Biden and German Chancellor Angela Merkel have failed to find a common position on the issue of the Nord Stream 2 gas pipeline that will allow Russia to bypass Ukraine during a meeting of the two leaders on July 15.
The European Commission has revealed new proposals concerning its Carbon Border Adjustment Mechanism (CBAM), which would regulate carbon certificates for importers to the union.
Russia is facing two decades of stagnation thanks to its shrinking population caused by the collapse of the Soviet Union. But in Ukraine the problem is far worse, as the population has shrunk to levels last seen in the '50s.
Russia’s economy is expected to stagnate for the next two decades because the population is now shrinking. President Putin made fixing the demographic problem a core goal and big successes have been scored, but the problem is too big to fix.
Why buy a car when you can lease one? The option of leasing vehicles is perfect for Russia’s fast growing economy. Europlan has been on the market for two decades and pioneered leasing in Russia.
Belarus' President Alexander Lukashenko paid a surprise and unscheduled visit to Russian President Vladimir Putin in St Petersburg on July 13, almost certainly to ask for more money.
BlackRock has raised $250mn from a consortium of ten institutional investors, governments and charities for its flagship blended finance fund, which aims to help emerging market economies reduce carbon emissions.
All on one day, US Special Presidential Envoy for Climate John Kerry was in Moscow to meet with Russian Foreign Minister Sergei Lavrov, President Vladimir Putin penned an essay on Ukraine and Ukrainian President Volodymyr Zelenskiy met Angela Merkel.
The European Commission is to publish legislation on July 14 that will detail the EU’s plans, dubbed “Fit for 55,” to reduce greenhouse gas emissions by 55% from 1990 levels by 2030 as part of wider reforms to European energy and climate laws.
Following recent cases of Russian-linked cyberespionage and ransomware attacks. President Biden has cranked up the pressure on Vladimir Putin to act.
Joe Biden warned Vladimir Putin that Russia would face consequences if it failed to crack down on ransomware cyber-gangs operating out of Russia that are targeting businesses worldwide during a phone call on July 9.
Russia’s Economic Development Ministry has upgraded its growth forecast for this year to 3.8% from 2.8%, the ministry said on July 9.
The delegation of top fighters turned up saying the Taliban already controls most of Afghanistan.
Russia’s Watcom shopping index that measures foot traffic in the capital’s leading malls continues to close the gap on the pre-crisis 2019 levels but is still running at least 10% behind that level, according to Watcom’s latest numbers.
Issuance has been impressive but in some countries green bonds are still to get off the ground, while in others there is a shortage of high-yield, local currency or 'dark green' issues.
Russian CPI jumped to 6.5% y/y in June and kept accelerating in the first week of July. While supply-side inflation seems to have stabilised, demand-driven CPI stands out in pharma, construction materials, and tourism sectors.
Russia's inflation defies the CBR's efforts to control it and breaks upwards again to a new recent high of 6.5% y/y in June.
The European Commission is considering launching a case in the WTO following Russia’s recent decision to authorise the label ‘Champagne’ only for Russian-produced sparkling wines.
Yandex.Market is in the process of acquiring KupiVIP, one of the most established e-commerce brands in Russia, founded back in 2008 by German entrepreneur Oskar Hartmann.
Iikka Korhonen, chief economist at Bank of Finland Institute for Economies in Transition, has released a paper looking at Russia’s long-term growth potential and the outlook is bad.