How much damage can Ukraine’s drone attacks on Russian oil refineries do?

Ben Aris in Berlin April 13, 2024

Since the beginning of the year, Ukrainian drones have attacked over two dozen Russian oil refineries and several oil depots in the first sustained campaign against Russia’s oil product producing facilities.

Global warming and war redraws undersea internet cable connections map

bne IntelliNews April 13, 2024

A 14,500-kilometre subsea cable project in the Arctic will redraw the international data traffic route, offering a strategic alternative away from vulnerable European cables that have already come under attack by the West’s enemies.

BOFIT: Russia’s overall economic performance steady in February; construction investment has supported wartime growth

Bank of Finland Institute for Economies in Transition (BOFIT) April 13, 2024

The central factor supporting Russian economic growth last year was the sharp increase in fixed capital investment. Increased budget spending was also used to finance investments.

PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions

Bruce Pannier April 12, 2024

Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan going ahead with “Birlestik-2024”. Russian consternation is growing.

Russia's military forces are 15% bigger than they were at start of war, says US intelligence

bne IntelliNews April 12, 2024

Russia is reconstituting its army far faster than initial estimates suggested, US Army General Christopher Cavoli, Nato's Supreme Allied Commander in Europe, said in a statement on April 10.

Ukraine's ammo crisis mounts on stalled US aid

bne IntelliNews April 11, 2024

General Christopher Cavoli, the top US commander in Europe, cautioned during a congressional hearing on April 10 that Ukraine is on the brink of running out of ammunition and air defence interceptor missiles.

100,000 forced from homes in Kazakhstan by “biblical” flooding linked to climate change

Kanat Shaku in Almaty April 11, 2024

Rapid snowmelt amid sudden weather change, combined with heavy rains and already waterlogged ground prove a disastrous combination.

The EU is preparing a new, fourteenth package of sanctions

Ben Aris in Berlin April 11, 2024

The EU is preparing a new fourteenth package of sanctions that is slated for adoption in the coming months, but is unlikely to introduce any new products and will focus mostly on enforcing the existing thirteen rounds of sanctions.

EBRD announces profit of €2.1bn in 2023

bne IntelliNews April 11, 2024

The European Bank for Reconstruction and Development (EBRD) has announced a significant rebound in its financial performance, recording a robust profit of €2.1bn for the year 2023, up from losses of €1.1bn in 2022.

Kremlin tries to link Hunter Biden to financing of Moscow’s Crocus City Hall terrorist massacre

Ben Aris in Berlin April 10, 2024

Russia’s Investigative Committee launched a criminal investigation into the financing of terrorism in Russia on April 9, with focus on a board of directors that included the son of US President Joe Biden.

Yakunin wins final appeal in drone flying over Svalbard legal saga

bne IntelliNews April 10, 2024

Norway’s Halogaland Court of Appeal concluded a legal saga surrounding British-Russian businessman Andrey Yakunin, the son of Russia’s sanctioned former head of Russian Railways, refusing the prosecution's appeal.

Russia sees rare protest after flooding devastates city

bne IntelliNews April 10, 2024

Residents of the Russian city of Orsk have taken to the streets to demand swift action and compensation following devastating flooding that has left the city submerged in water.

Where Nato has an enhanced forward presence

bne IntelliNews April 10, 2024

On Monday, 8 April, Germany sent an advance team of 20 soldiers to Lithuania, laying the groundwork for the recently discussed establishment of a permanent brigade in the Nato country, Statista reports.

Court lifts EU sanctions on Russian billionaires Fridman and Aven

bne IntelliNews April 10, 2024

The European Court of Justice in Luxembourg has satisfied the lawsuit filed by Russian billionaires Petr Aven and Mikhail Fridman of Alfa Group.

Belarus the latest European country to suspend the Treaty on Conventional Armed Forces in Europe

bne IntelliNews April 10, 2024

Belarus President Alexander Lukashenko has ordered the suspension of Belarus’ participation in the Treaty on Conventional Armed Forces in Europe (CFE) on April 5, as Belarus continues to militarise and keep its ties with Russia tight.

UK Foreign Minister Cameron meets with former US President Trump to appeal for aid to Ukraine

bne IntelliNews April 10, 2024

UK Foreign Secretary David Cameron met with former US President Donald Trump on April 9 and told him that US continued support of Ukraine was “in US interests,” Ukrayinska Pravda reports.

Europe exits the winter heating season with record gas stocks

Newsbase April 9, 2024

The EU has exited the heating season with a record volume of gas in storage, following another mild winter and as a result of reduced industrial demand and a concerted effort by policymakers to boost stockpiles.

The ruble overtakes the yuan as Russia's main currency for settling international trade deals

Ben Aris in Berlin April 9, 2024

The ruble is rising to become the main currency for settling Russia’s foreign trade payments, reducing the role of the Chinese yuan in the process, the Central Bank of Russia reported on April 8.

Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings

Ben Aris in Berlin April 9, 2024

The world’s leading Emerging Markets are moving rapidly up the World Bank’s latest GDP rankings in PPP (purchase power parity) terms as well as the annual foreign direct investment confidence ranking.

Russia asks Kazakhstan for emergency fuel supply

Newsbase April 9, 2024

Russia has requested that Kazakhstan be ready to provide it with 100,000 tonnes of gasoline in the event of shortages.