Reflections from our correspondents on the ground in the Russian capital.
October 6, 2022
Has Riyadh just sided with Putin by agreeing to cut oil production by 2mn barrels? It's more complicated than that.
September 28, 2022
Social media loves a good conspiracy theory, but it has gone off the Richter scale speculating on who was behind the take-down of the four Nord Stream gas pipelines, two of which sprang leaks on Sunday night as we reported yesterday morning.
September 22, 2022
Panic swept Russia after President Vladimir Putin announced mass mobilisation on September 21, with tens of thousands making for border to escape conscription into the Russian army. By the evening small protests broke out across the country.
September 21, 2022
The decision was an extreme one and carries real political risks. Most Russian back the war, but only passively.
September 17, 2022
The economic war is getting increasingly nasty. Sanctions are hurting the Russian economy but Putin's energy crisis has caused a cost of living crisis in the west and the EU's energy intensive industry is starting to shut down. Who can last longer?
September 14, 2022
Gas prices have fallen heavily in the last weeks, as it seems after Europe’s gas storage tanks hit the 80% full mark some of the panic is fading.
September 13, 2022
There are two Russias: the first constantly reads the news, monitors Telegram channels and discusses current events on social media. The other focuses on feeding the family, keeping the lights turned on, and enjoying the weekend, however possible.
September 5, 2022
Russia launched its Phase 2 of its military campaign in Ukraine in April, when it withdrew from northern Ukraine to concentrate its forces on taking Donbas. Now it has launched its Phase 2 of its economic war against Europe by stopping the gas flows.
August 31, 2022
I met Mikhail Gorbachev only once, at a Renaissance Capital investment conference in Moscow in 2004, but it was a captivating experience. He was surrounded by a gaggle of investment bankers, who were excitedly fidgeting as if meeting a rock star.
August 24, 2022
We are looking at a very uncomfortable winter. The West has underestimated the size of the challenge that is fighting an economic war with Russia and the pain that he can inflict on our economies.
August 23, 2022
Since the sanctions came down on Russia there has been a bonanza of M&A activity as those companies and oligarchs that have been included in the lists have had to dump their subsidiaries to protect them from being targeted.
August 19, 2022
The kinetic war in Ukraine has ground to a halt, but the economic war is escalating as Putin starts to roll out his big guns: the Kremlin's control over the flow of commodities and its ability to switch these on and off.
August 1, 2022
Important day today. There are 17 ships in three Ukrainian ports cleared for grain shipments, of which 10 are ready to go, and it was just reported that the first one has set sail on its way to Turkey and then the rest of the world.
July 26, 2022
Didn’t I say this would happen? That Russian President Vladimir Putin would play silly buggers with the gas flow and that newswires would be buzzing with alerts for months to come.
July 20, 2022
The EU “agreed” on a seventh package of sanctions yesterday, except they were gutted by Hungary that said it would veto any package that included sanctions on energy.
July 12, 2022
I posted a scary comment today by bne IntelliNews columnist Les Nemethy that basically says stagflation is here and the economic situation is already running out of control.