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.

Far-right gains in Europe pose challenge for EU enlargement

Clare Nuttall in Glasgow June 14, 2024

Analysts warn growing influence of far-right and Eurosceptic parties at EU and national level could complicate efforts to integrate new member states.

STOLYPIN: West needs to talk seriously about Ukraine

Mark Galeotti director of consultancy Mayak Intelligence and honorary professor at UCL School of Slavonic & East European Studies June 14, 2024

The next G7 summit begins on Thursday and will no doubt generate the usual statements of wholehearted support for Ukraine, and dark warnings that a Russian victory would mean terrible things for the world.

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 (CBR) suspended trading in dollars and euros as a result of new US sanctions targeting banks facilitating sanctions-busting trade with Russia on June 12.

Orban and Stoltenberg reach agreement on Hungarian opt-out on Nato support for Ukraine

Tamas Csonka in Budapest June 13, 2024

Hungary will not have to provide funding for Ukraine or send personnel there, but it will also not obstruct other Nato members from doing so.

Women steering Ukraine’s businesses through war and hardship

Clare Nuttall in Glasgow June 13, 2024

Furniture company Tivoli managed to double its exports since the Russian invasion thanks to the tireless efforts of commercial director Julia Lisovska and her colleagues.

CENUSA: Differentiated EU accession – the imminent decoupling of Ukraine, Moldova and Georgia

Denis Cenusa in Germany June 12, 2024

The only Eastern Partnership countries with Association Agreements (Ukraine, Moldova and Georgia) entered the EU enlargement package in the period 2022-2023. This separated them from the rest of the EU's eastern neighbouring states.

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.

A downbeat Berlin Recovery Conference highlights that Ukraine is increasingly in survival mode

Ben Aris in Berlin June 12, 2024

It is time for Ukraine’s partners and allies to provide Ukraine with “all the weapons necessary for the Ukrainian defence forces to carry out the full de-occupation of the country's territory", says President Zelinskiy.

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.

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.

The Western public want the war in Ukraine to end, but downplay Russia's role in the WWII victory, polls find

bne IntelliNews June 9, 2024

A new survey by the Institute for Global Affairs, part of the American political risk consultancy Eurasia Group, found the overwhelming majority of Western public opinion is in favour of ending the war in Ukraine through negotiations.

Putin slams the West in SPIEF speech for trying to preserve hegemony, calls for accelerated domestic development

Ben Aris in Berlin June 9, 2024

An increasingly confident Russian President Vladimir Putin slammed the West for trying to “maintain their elusive role as hegemons,” and said the countries of the Global South are racing to “strengthen their sovereignty” in his SPIEF speech.

German, French luxury carmakers lobby EU to hold off on export restrictions to Belarus

Ben Aris in Berlin June 7, 2024

The German and French makers of luxury cars are lobbying the EU to prevent sanctions on exports of their products to Belarus, which eventually end up in Russia.

Emergency measures in Ukraine’s energy sector cast doubt on surviving through winter

bne IntelliNews June 7, 2024

Russia has destroyed over 60% of the Ukraine's energy production capacity. One official told the FT that Ukrainians should prepare for "life in the cold and the dark" this winter.

Gazprom’s business will take at least a decade to recover from the impact of the Ukraine war

bne IntelliNews June 6, 2024

The business of Russian gas giant Gazprom will take at least a decade to recover losses incurred from Moscow's full-scale invasion of Ukraine, according to a report commissioned by the company released on June 5.