Telegram founder Pavel Durov’s appearance in Kyrgyzstan sparks hopes of ski resort investment

bne IntelliNews June 17, 2024

Central Asian nation and France’s S3V plan to create the “Krgyz Courchevel”.

78 countries sign limited communique at Ukraine summit in Switzerland

bne IntelliNews June 17, 2024

Over 100 countries attend summit but major emerging markets refuse to sign even watered-down version of communique.

Record number of Russians undertake Hajj pilgrimage amid challenges

bne Tehran bureau June 17, 2024

More than 25,000 Russians have embarked on the annual Hajj pilgrimage to the holy sites in Mecca and Medina, Saudi Arabia, setting a new record following increased quotas and the easing of pandemic restrictions.

Putin offers Ukraine ceasefire, freezing current frontline

Ben Aris in Berlin June 14, 2024

Russian President Vladimir Putin called for a ceasefire in the Ukrainian war, freezing the current frontline, if Ukraine is willing to withdraw from the four regions annexed by Russia last year and agrees to give up its Nato membership ambitions.

Business as usual? US sanctions against Russia's financial market fail to incite panic

bne IntelliNews June 14, 2024

New US sanctions against Russia that forced the country’s main financial marketplace to immediately cease trading in dollars and euros have not caused any panic on the streets, despite fears of a weakening ruble.

STOLYPIN: West needs to talk seriously about Ukraine

Mark Galeotti June 14, 2024

We do not have any kind of a common sense of quite what ‘victory’ or ‘defeat’ really mean.

Russian vodka brands see growth skyrocket as Russians hit the domestic bottle 

bne IntelliNews June 13, 2024

Domestic vodka has surged in popularity in Russia as locals increasingly turn to more affordable homegrown options for their alcoholic fix over pricier imported alternatives.

Russian cyberwar against Ukraine and the West

bne IntelliNews June 13, 2024

Since Russia's invasion of Ukraine in February 2022 its cyberattacks have stepped up, hitting targets in Ukraine, as well as its Western allies.

Russian warships dock in Cuba for Caribbean drills amid Ukraine tensions

Marco Cacciati June 13, 2024

A fleet of Russian warships has entered Cuban waters, setting the stage for upcoming military exercises in the Caribbean amidst heightened international tensions linked to the war in Ukraine. The ships were greeted in Havana with 21 cannon salutes.

Russia's central bank suspends trading in dollars and euros after US issues new bank sanctions

bne IntelliNews June 13, 2024

Long lines formed outside exchange kiosks in Moscow as the Central Bank of Russia suspended trading in dollars and euros as a result of new US sanctions targeting banks facilitating sanctions-busting trade with Russia on June 12.

Saudi Arabia, Bahrain and Kuwait set to offer Russians visa-free entry

bne Gulf bureau June 13, 2024

Several Gulf states are preparing to allow Russian citizens to enter without visas, Russian Economy Minister Maxim Reshetnikov announced on June 12, as part of efforts to boost tourism ties.

Armenia is poised to exit Russian-led CSTO, says Pashinyan

Ani Avetisyan June 13, 2024

Government clarifies that timing of exit has yet to be decided.

Blow to Tajikistan efforts to fight “terror” image as eight arrested in US on ISIS fears

bne IntelliNews June 12, 2024

Swoop will add to fears poor, repressed Central Asia nation is somewhat out of control as a recruiting ground for terrorists.

Global temperature rise likely to exceed 1.5°C temporarily within five years, says WMO

by Roberta Harrington in Los Angeles June 12, 2024

There is an 80% likelihood that the annual average global temperature will temporarily exceed 1.5°C above pre-industrial levels for at least one of the next five years, according to a new report from the World Meteorological Organisation.

KSE: Damages to Ukraine’s energy sector exceeded $56bn

Kyiv School of Economics June 12, 2024

As a result of the full-scale invasion of the Russian Federation on the territory of Ukraine, the energy sector suffered direct damages and indirect financial losses in the amount of $56.2bn.

US, Germany to transfer additional 100 Patriot air defence interceptor missiles to Ukraine

bne IntelliNews June 12, 2024

The US and Germany agreed to transfer 100 desperately needed Patriot air defence interceptor missiles to Ukraine to shore up its air defences in the face of a devastating Russian barrage on its energy sector.

20,000 of Prigozhin’s Wagner troops died during Bakhmut assault

bne IntelliNews June 12, 2024

An investigation by Russian outlet Mediazona and BBC Russia has found that 20,000 of Wagner troops died during last year’s brutal assault on the Ukrainian town of Bakhmut and the majority were convicts recruited by Evgeny Prigozhin.

West weighs sanctions against Georgian government as Russia hovers

bne IntelliNews June 11, 2024

The US has already started to impose sanctions over the "Foreign Agents Law" and EU measures are expected to be announced later this month.

Ukraine looks to Europe to increase power imports this winter

bne IntelliNews June 11, 2024

Russia has taken out 35 GW of Ukraine’s electricity generation capability since the beginning of the war, decreasing generation from 55 GW to 20 GW. Already Ukrenergo has introduced rolling blackouts in a dozen regions.

IMF: Dollar’s "stealth erosion" in global reserves by other currencies

Serkan Arslanalp for the IMF, Barry Eichengreen, Chima Simpson-Bell June 11, 2024

The US dollar's share in global reserve currencies is falling steadily, but instead of being replaced by one of the "big four" alternatives – euro, yen, and pound – central banks are buying currencies like the Chinese yuan.