Russia
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Supply chain disruptions are back at 2022 levels – Statista
Global supply chain pressures have risen again in recent months, returning to levels last seen during the height of pandemic-related disruptions, Statista reports.
The world's record heatwaves - Statista
According to NASA, there is “unequivocal evidence that Earth is warming at an unprecedented rate”, Statista reports.
Europe's E3 leaders meet with Zelenskiy to set conditions for Ukraine peace deal with Russia in London summit
The leaders of Ukraine, the United Kingdom, France and Germany emerged from Downing Street on June 7 with a joint statement that lays down five conditions to underpin any sustainable settlement to Russia's war.
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Atlantic 'cold blob' points to weakening ocean current nearing tipping point, study finds
The cooling of the North Atlantic "cold blob" is being driven by a weakening AMOC current system that may be nearing a tipping point, a new study using observational data has found.
Investment in a time of war: Ukraine's resilient economy
“The Ukraine is under pressure and external financing remains critical,” said Odile Renaud-Basso, the President of the EBRD at the Ukraine session at the EBRD’s annual meeting on June 6.
Russian construction of Uzbekistan's first nuclear plant launched as leaders meet at St Petersburg International Economic Forum
In speech, Mirziyoyev tells delegates business is "shifting into the realm of technology, algorithms, logistics and infrastructure".
EBRD puts Ukraine at the heart of its annual gathering in Riga
It was deliberately symbolic that the European Bank for Reconstruction and Development (EBRD) chose Riga for its 35th annual meeting. Latvia, one of the EBRD's earliest countries of operation is an example of the EBRD's successes.
Zelenskiy urges faster Patriot deliveries as Europe’s PULR programme weapons funding dries up
Ukrainian President Volodymyr Zelenskiy pressed Nato allies to accelerate deliveries of Patriot missile interceptors, as Ukraine’s stocks start to run dangerously low, warning that funding alone will not solve growing shortages.
Russian oil flows through Druzhba return to normal as Hungary and Slovakia resume Russian oil and gas imports
Russian crude oil deliveries to Hungary and Slovakia through the Soviet-era Druzhba pipeline returned to normal levels in May, marking the first full month of uninterrupted supplies since transit resumed in April after a dispute.
Russia eyes Azerbaijan to plug food import gap as Moscow-Yerevan ties fray
Moscow has significantly expanded phytosanitary and veterinary restrictions on Armenian produce since early spring.
Serbian businessman confirms €2bn bid for Gazprom stake in NIS
Serbian businessman Ranko Mimović said he has submitted an offer to Russia’s Gazprom to acquire its majority stake in sanctioned oil company NIS.
EU targets Kyrgyzstan in first use of new sanctions tool to hit third parties aiding Russia
The European Union has for the first time imposed trade restrictions on a third country for systematically facilitating the circumvention of sanctions against Russia, marking a significant escalation in Brussels' efforts to tighten the pressure.
Middle East conflict and energy shock slow growth across EBRD regions
Bank warns higher energy costs are reigniting inflation, weakening industrial competitiveness and straining already fragile public finances
Russian services downturn deepens as demand weakens and confidence hits three-and-a-half-year low
Russia’s services sector contracted at a faster pace in May as weaker customer demand and financial strains among clients weighed on activity, according to S&P Global data, signalling continued pressure on the economy despite falling inflation.
Ukraine drones hit St Petersburg oil terminal as Russia's SPIEF investment forum kicks off
Ukraine hit St Petersburg oil terminals on the morning of June 3 just as Russia’s flagship St Petersburg International Economic Forum (SPIEF) kicks in a message designed to show that nowhere in Russia is safe from Ukraine’s long-range drones.
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MOSCOW BLOG: Germans return to SPIEF as Russia sanctions resolve starts to fray
German businessmen are going to the St Petersburg International Economic Forum (SPIEF), Russia’s premier investment forum, in a public show of the fraying commitment to cutting off commercial ties under the sanctions regime.
Kremlin collects $3bn from Russia’s oligarchs in "voluntary contributions" to the budget
Russia has collected RUB225bn ($3.1bn) in "voluntary contributions" from major businesses as of late May as the Ministry of Finance (MinFin) scrambles to raise more money for the increasingly pressured budget.
German business returns to Russia for St Petersburg Investment forum
A group of German business figures is set to attend Russia’s flagship St Petersburg International Economic Forum (SPIEF) which kicks off on June 3, marking a return of top German companies to Russia’s flagship event.
Russia unveils ‘Altai’ neuromorphic chip to challenge US in low-power AI and defence applications
Russia has presented a domestically developed neuromorphic processor called “Altai”, a brain-inspired chip designed to perform artificial intelligence tasks with significantly lower power consumption than conventional processors.
Tensions rise between Romania and Russia after drone strikes apartment block
A drone struck an apartment block in Romania's Galați, close to the Ukrainian border, causing a fire and prompting the evacuation of dozens of residents.