The world’s economy is being hit by an inflation and interest rate shock that shows no sign of abating, Institute of International Finance (IIF) said in a recent paper.
Bosnian Serb leader travels to St Petersburg for SPIEF 2022 forum after blocking Bosnian efforts to impose sanctions on Russia.
Putin lashed out at the West during his keynote speech at St Petersburg International Economic Forum (SPIEF) on June 17, claiming that it was using Russia as a scapegoat to excuse its failure to control inflation.
A report by Navalny's Anti-Corruption Foundation claims Gazprom CEO Alexey Miller has allegedly embezzled from Russia's gas giant to fund a network of properties and offshores. Putin's inner circle is also accused of profiting from the theft.
Fresh data show that Ukrainians expect the fighting to intensify in the coming weeks. Russian internet users also expect the conflict to worsen, although they don't expect the escalation to be as intense as their Ukrainian peers.
The EU's sanctions against Yandex co-founder Arkady Volozh have ruffled some feathers in Russia's business community and abroad. Yandex's international reach and shareholder base and Volozh's distance from the Kremlin make him an unlikely target.
More than 7,000 Kyrgyz nationals applied for seasonal farming jobs in Britain
The debate around inflation is centre-stage at present, with headline and PPI inflation soaring globally in response to a range of factors but including climate change/transition and Covid-related supply disruptions.
Since 2020, the Minsk regime has gradually made Belarus into a pariah state and the regime’s previous attempts to position itself as a regional security guarantor have been and are continuously being undone.
Gazprom cuts supplies of gas as Europe races to fill its storage tanks. These crossed the halfway mark on June 7 and are now 51.12% full, as the EU seeks to replenish its supplies ahead of the coming winter.
Russia's premier investment event normally attracts thousands of business people from across Europe to hobnob with the Russian elite, but this year a mere 115 Western companies chose to take part.
While most European leaders stayed away from the SPIEF 2022 forum after Russia’s invasion of Ukraine, Bosnian President Milorad Dodik was there and made a rousing defence of Putin.
Turkey is in a full-blown crisis and has an extremely high despair index of 93.8, even worse than that of sanction-embattled Russia’s 42.5. And if you don't believe the official Turkish statistics, Turkey's score is also even worse than Ukraine's.
Also says some people in Russia “misrepresent whole situation” by claiming that during January unrest Moscow “saved” Kazakhstan with troop dispatch and now country must for ever “bow at feet” of Kremlin.
While Ukraine isn’t afraid of an outright invasion by Belarusian troops, it still thinks that Belarus remains a military threat, and Minsk still has the potential to pose a long-term security threat to Europe in the years ahead.
Wars are very expensive and very hard to finance. Ukraine has been thrown into a conflict with a much larger and better funded adversary and it is struggling to raise enough money to continue its heroic resistance against the Russian invader.
Turkish leader is staring down the barrel of tough national polls on horizon. Playing nationalist hardball will keep some of his remaining voters happy.
Europe has been wrestling to get its members to sign up to a full ban on Russian oil products but a ban could send the price of oil up and make Russia even more money. Better to cap prices and starve the Kremlin of revenues.
Russia’s Gazprom has announced it is slashing gas flow via the Nord Stream 1 pipeline by 60%, blaming Siemens’ failure to repair compressor units on time and other technical problems at the Portovaya compressor station.
Swedish furniture major IKEA will scale down its business in Russia, lay off some employees, sell off inventory, and will start looking for buyers for its four Russian plants.