Turkey 'must be cautious' on sending Ukraine more arms says top Turkish defence official

bne IntelIiNews June 23, 2022

Statement may reinforce worries Ankara remains too close to Moscow despite Nato membership and Kyiv’s need for stepped-up weapons deliveries.

Russian retailers launch “parallel import” electronic sales

Ben Aris in Berlin June 23, 2022

Russia’s retailers have started importing electronics using “parallel imports” that source the products from intermediaries and allow them to ignore the wishes of the owners of the intellectual property.

Russia accepts default with bond-for-rubles scheme

bne IntelliNews June 23, 2022

Under the special presidential decree published on June 23 Russia has adopted a “temporary procedure” on the execution of foreign currency state liabilities, enacting a scheme under which foreign sovereign debt will be paid out in rubles.

COMMENT: Why replenished ties between Uzbekistan and Turkey suit both Tashkent and Ankara

Fuad Shahbazov June 23, 2022

For the Uzbeks, the strategic relationship helps with the balancing act between the big powers. For the Turks, it builds regional influence in line with the pan-Turkic agenda.

African gas pipeline projects revived due to European gas crisis

bne IntelliNews June 23, 2022

A mounting gas crisis in Europe caused by Russia’s decision to reduce flows has revived several African gas pipeline projects to take over from the Russian deliveries.

Lithuania braces for Russian retaliation over Kaliningrad sanctions

Linas Jegelevicius in Vilnius June 23, 2022

Moscow regards the ban on the transport of certain goods – notably steel and ferrous metal products – between parts of its territory as a violation of a 2002 agreement with the EU.

EC due to vote on Ukraine’s EU candidate status as Russia intensifies attacks

bne IntelliNews June 23, 2022

EU leaders gather in Brussels on June 23 to vote on Ukraine’s EU membership candidacy in a vote that is widely expected to go through, as Russia intensifies its attacks in Donbas.

Ukraine targets oil infrastructure inside Russia

Theo Normanton June 22, 2022

A fire at an oil refinery 150 km behind Russia's front line has been widely attributed to a kamikaze attack by Ukrainian drones. This is only the latest in a series of targeted acts of sabotage in Russian territory.

Russia to back €1.5bn investment in two gas-fired power plants in Bosnia’s Republika Srpska

Denitsa Koseva in Sofia June 22, 2022

Bosnian Serb leader Milorad Dodik announces major investment after he blocked Russia sanctions and voiced strong support for Russian President Vladimir Putin in St Petersburg.

Analyst says West should form ‘alliance of convenience’ with ‘unsavoury Erdogan’

bne IntelIiNews June 22, 2022

Turkish leader might be won round with economic lifeline that would persuade him to abandon Moscow, says Maximilian Hess.

CEE inflation spreading across whole region, set to last for years

Ben Aris in Berlin June 22, 2022

Inflation is being driven up by the food crisis and disrupted supply chains, first during the pandemic and now due to the war in Ukraine, leading to fears of stagflation for the whole world.

China, India overtake Germany as Russia’s biggest buyer of crude oil

bne IntelliNews June 22, 2022

Oil imports by China and India from Russia have surged thanks to the sanctions on Russia in May to overtake Germany as Russia’s biggest trade partner.

Colonial scars: Why Ukraine is unlikely to find allies in Africa

Dominic Culverwell in Berlin June 22, 2022

Ukrainian President Volodymyr Zelenskiy appealed to the African Union for support on June 20, but Kyiv is struggling to find allies on the continent.

Ruble rises to seven-year high, best performing currency in the world

bne IntelliNews June 22, 2022

Russia’s ruble jumped 6% against the euro on June 21 to a seven-year high, making it the best performing currency in the world.

Russia’s leading petrochemical company Sibur denies renting a luxury villa for Putin’s personal use

Ben Aris in Berlin June 22, 2022

Leaked emails from Russia’s top petrochemical company Sibur show that the company rented a luxury villa in the Gulf of Finland that has been used by Russian President Vladimir Putin as a holiday getaway.

Russia demands end to Kaliningrad transit restrictions

Linas Jegelevicius in Vilnius June 21, 2022

Lithuania says restrictions are due to EU sanctions and talk of blockade is 'plucked out of thin air'.

Book review | China’s “detached” power

Maximilian Hess for EurasiaNet June 21, 2022

A new book exposes the hollowness of many Western assumptions about China’s role in Central Asia.

bneGREEN: Heatwave hits Europe as climate change bites

Richard Lockhart in Edinburgh June 21, 2022

Temperatures in Europe broke through the 40°C mark in mid-June, stoking fears of record-breaking summer heat waves that could endanger lives and threaten food supplies whilst providing further proof of the effects of man-made global warming.

Russia-EU gas crisis enters next phase as Germany, Italy and France all report cuts in supply

bne IntelliNews June 20, 2022

The crisis in the EU-Russia gas relationship has taken another turn for the worse, with Germany, Italy and France all reporting cuts in supply after all three countries backed Ukraine’s bid for EU candidate status.

Face to face with Putin, Kazakhstan’s president refuses to recognise Ukraine breakaway republics

Peter Baunov in Nur-Sultan June 20, 2022

Hours later, Moscow announces difficulties with Kazakh oil shipments. Some analysts, however, argue the Kremlin benefits from Nur-Sultan’s moves to avoid sanctions.