Russia analysts caught off guard by sudden plunge of November manufacturing PMI

Ben Aris in Berlin December 3, 2019

Analysts were caught off guard by the sudden plunge of Russia’s November manufacturing PMI result to 45.6, the lowest result in a decade, from an already low 47.2 in October.

Russia's $55bn Power of Siberia gas pipeline to China comes online

bne IntelliNews December 3, 2019

Russia’s Gazprom flagship Power of Siberia gas pipeline mega-project that connects Russia’s Siberian gas fields with China came online on December 2, after the investment of billions of dollars that will earn the company billions more

Russia’s Manufacturing PMI tumbles to 45.6 in November, worst result in a decade

bne IntelliNews December 2, 2019

Russia’s IHS Markit Russia Manufacturing Purchasing Managers’ Index tumbled to 45.6 in November, down from 47.2 in October – the worst performance across the Russian manufacturing sector for over a decade.

Zimin Foundation: Science at the heart of our philanthropic efforts

Boris Zimin of the Zimin Foundation in Moscow December 2, 2019

On November 21, some of Russia’s top writers, journalists, academics, scientists and publishers gathered in Moscow for the annual “Enlightenment Prize”. The purpose of the annual Prize is to support Russian scientists and science journalists

Lukashenko, Putin agree on setting up a single market mechanism, merging some government functions

Ben Aris in Berlin December 1, 2019

Belarus and Russia are a step closer to forming a single market, based on the same principles as the European Union, after Belarus' President Alexander Lukashenko and Russian President Vladimir Putin signed an integration deal.

The foreign share in Russia's OFZ treasury bonds up to 32%

bne IntelliNews November 29, 2019

The foreign share of investors into the Russian Ministry of Finance ruble-denominated OFZ treasury bills reached 32% in November as foreign investors increased their holdings again to RUB2,837bn ($44.2bn) worth of the bonds.

Aeroflot reports improving results, wins two travel industry Oscars

bne IntelliNews November 29, 2019

Russia’s national airline Aeroflot reported improving third quarter results and announced that it had won two awards in the so-called travel industry Oscars for best airline brand and best business class service.

GAZ workers leave for a two week road trip to Germany in bid to save the company

Ben Aris in Berlin November 29, 2019

Ten workers from the GAZ car factory set off from the company’s home town of Nizhny Novgorod on a two week road trip via Belarus, Poland, Czechia and Austria to Germany to raise awareness of the company’s plight.

LONG READ: Debt deals in Mozambique that go wrong

Ben Aris in Berlin November 28, 2019

When the story broke it looked like a simple case of corruption. Mozambique, one of the poorest countries in the world, had taken on $2bn of secret debt to buy some patrol boats from a little know Middle Eastern arms dealer and three years later had

Ukraine has 16 days left to do a transit deal with Gazprom

Ben Aris in Berlin November 27, 2019

Time has almost run out for Russia and Ukraine to strike a new gas transit deal before the previous one expires. There are 16 days left until December 13 before it becomes impossible to reach a new agreement ahead of the expiration of the contract.

Pompeo “concerned” by reports of F-16s flying over Ankara to test Russian S-400s

bne IntelliNews November 26, 2019

Meanwhile, head of Russian state arms exporter Rosoboronexport refers to “big plans” for military technical cooperation between Moscow and Ankara and report emerges of Turkey blocking Nato defence plan for Poland and Baltics.

Chinese flock to Lake Baikal on holiday

Ben Aris in Berlin November 26, 2019

Russia has become a favourite holiday spot for the newly affluent Chinese middle class, as they find it inviting and cheap.

Rosatom rolls out the small modular reactor: a mini-nuclear power station to solve some big problems

Ben Aris in Berlin November 26, 2019

Time is running out for the planet. Next year is a crunch year when CO2 emissions must peak if we are to avoid an ecological disaster. Nuclear power is one of the few options we have. So Rosatom is rolling out small modular reactor (SMR).

Russia to launch world's cheapest e-car Zetta in 2020

bne IntelliNews November 25, 2019

Russian Engineering and Manufacturing Company will launch the first domestically made electric car Zetta (Zero Emission Terra Transport Asset) in 2020

X5 bets on data and retail tech to stay ahead

bne IntelliNews November 25, 2019

X5 Retail Group is turning to technology in an effort to stay ahead of the disruption Russia’s food retail market is going face as the business goes digital.

IMF Blog: Frontier market borrowing binge

International Monetary Fund November 25, 2019

Rock bottom global interest rates have been a boon for so-called frontier-market countries, which have been able to borrow cheaply to finance their development needs. But there can be too much of a good thing

Mystery buyer snaps up 3.6% of Gazprom with discount in second SPO this year

bne IntelliNews November 22, 2019

Russian natural gas giant Gazprom sold 3.59% of its quasi-treasury shares at RUB220.7 per share, making a sizable 13% discount to market. Notably, the buyer of the stake is not disclosed, making it the second mystery SPO this year in Russia's largest

BRICKS & MORTAR: Whither Russian Property Yields?

Tim Millard in Moscow of JLL November 22, 2019

In an era of cheap money property yields have been driven down more or less across the board. The significant outlier is the Russian market.

Russian Rosatom nuclear agency eyes maritime shipping market

bne IntelliNews November 22, 2019

Russian state nuclear power agency Rosatom is planning a massive expansion in the maritime shipping market with an investment of up to $7bn

IIF: Game of loans, debt at record highs, climate concerns to drive up cost of borrowing further

Institute of International Finance November 22, 2019

​Without question, rising debt levels have supported global growth since the 2008 financial crisis. However, there are increasing questions about the marginal utility of further borrowing—and a lot of concern that a continued ramp-up in debt could sp