Ukraine
bneGREEN: EU takes carbon pricing initiative with CBAM
The EU on 14 July unveiled the details of its proposed Carbon Border Adjustment Mechanism, which aims to protect EU CO2 emitters from carbon leakage by making exporters to the EU market pay for the CO2 they produce.
Ukraine bans Russian e-commerce giant Wildberries
Wildberries' assets to be blocked in Ukraine and it will be prevented from moving goods through the country.
Ukraine makes surprise policy rate hike to 8% to fight inflation
NBU governor Kyrylo Shevchenko says further rate increase to 8.5% is planned with inflation expected to pass 10% soon.
bneGREEN: Global investors turn to green energy and away from fossil fuels
The world’s largest global debt and equity investors are continuing to invest in renewable energy despite the pandemic, driven by the wealth of investment opportunities, the Institute for Energy Economics and Financial Analysis said.
HOMANS: Putin's Epistle to the Ukrainians
On July 12, Vladimir Putin, President of the Russian Federation, released an epistle entitled "On the Historical Unity of Russians and Ukrainians" that has set the cat amongst the pigeons
Inflation in Ukraine stabilises at 9.5% y/y in June, NBU rates "hold" decision vindicated
Consumer prices in Ukraine increased by 0.2% m/m this June, the same as in June last year. As a result, annual inflation remained at 9.5% y/y. However, core inflation accelerated to 7.3% y/y from 6.9% in May.
MOSCOW BLOG: Merkel goes to Washington
German Chancellor Angela Merkel went on her last foreign trip, to see US President Joe Biden, but on the face of it, it seems that the meeting didn't go as well as planned. Or did it?
Biden and Merkel fail to find common ground over Nord Stream 2 pipeline at Washington summit
US President Joe Biden and German Chancellor Angela Merkel have failed to find a common position on the issue of the Nord Stream 2 gas pipeline that will allow Russia to bypass Ukraine during a meeting of the two leaders on July 15.
DATACRUNCH: demographic disaster in Russia, but a catastrophe in Ukraine
Russia is facing two decades of stagnation thanks to its shrinking population caused by the collapse of the Soviet Union. But in Ukraine the problem is far worse, as the population has shrunk to levels last seen in the '50s.
John Kerry in Moscow to start climate change co-operation, Putin writes essay on Russia and Ukraine
All on one day, US Special Presidential Envoy for Climate John Kerry was in Moscow to meet with Russian Foreign Minister Sergei Lavrov, President Vladimir Putin penned an essay on Ukraine and Ukrainian President Volodymyr Zelenskiy met Angela Merkel.
bneGREEN: EU carbon pricing set for radical reforms
The European Commission is to publish legislation on July 14 that will detail the EU’s plans, dubbed “Fit for 55,” to reduce greenhouse gas emissions by 55% from 1990 levels by 2030 as part of wider reforms to European energy and climate laws.
Ukraine gross reserves increase 2% in June to $28.36bn
Ukraine’s gross international reserves increased by $0.52bn, or 1.9%, to $28.36bn to 4.3 months of import cover in June, the National Bank of Ukraine (NBU) reported on July 6.
bneGREEN: CEE surfs the green bond wave
Issuance has been impressive but in some countries green bonds are still to get off the ground, while in others there is a shortage of high-yield, local currency or 'dark green' issues.
wiiw raises its GDP forecast for 20 out of 23 countries in CEE
The Vienna Institute for International Economic Studies has raised its GDP growth forecasts for 20 out of 23 countries in Central and Eastern Europe as the coronavirus (COVID-19) pandemic starts to recede.
Huge secret bonuses paid to top Naftogaz executives exposed
When Naftogaz CEO Andriy Kobolev was fired in April he pocketed $12.7mn in bonuses as part of his contract, the Kyiv Post reported in an investigation into pay and bonuses at the state-owned gas company on June 6.
bneGREEN: What is green?
Defining green energy and indeed green investments is not an exact science, Determining just how green each of the various energy sources are gets complicated once you start digging into the details.
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FSUOGM: Gazprom sends record volumes to Europe
Russia’s Gazprom exported record volumes of gas to Europe during the first half of the year, despite recent claims in the press that the company has been withholding supply to jack up prices.
Ukraine’s banks on the mend, tracking 2019 results
Ukraine’s banks managed to avoid the worst of the coronacrisis and found their business largely unaffected by the events of the last year.
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Ukraine’s current account surplus swelled to $723mn in May on the back of booming exports and high commodity prices
Ukraine’s current account surplus grew to $723mn in May, up from the $443mn the country earned in April, due to a trade surplus swollen by strong exports and high commodity prices.
CONFERENCE CALL: Economists warn over inflation and rising debt
As the world starts to emerge from the Coronacrisis, economists on an EBRD panel warned over rising inflation, debt and the uneven recovery from the crisis, with emerging markets and developing economies lagging behind their richer peers.
