Yandex N.V. leaves Russia in largest corporate exit since the start of the Ukraine war

Ben Aris in Berlin February 5, 2024

One of the longest-running corporate sagas in Russia is finally coming to an end. Yandex N.V. – the Dutch parent of Russia’s biggest internet company –announced its exit from the Russian market on February 5.

Ukraine’s conflict enters a third phase: the drone war

Ben Aris in Berlin February 5, 2024

In the first months of the war in Ukraine it was the highly mobile hit-and-run teams wielding the US-made shoulder-launched Javelin tank-killers that dominated the fighting.

Ukraine uses satellite guided naval drone to hit and destroy Russian missile corvette, the Ivanovets in a modern warfare first

bne IntelliNews February 5, 2024

For the first time ever, a satellite guided Ukrainian naval drone hit and destroyed the Russian missile corvette, the Ivanovets, in the Black Sea near the Crimea on February 1.

VISEGRAD BLOG: Orban folds after EU leaders call his bluff

Robert Anderson in Prague February 3, 2024

The European Council Summit this week was a comprehensive defeat for Hungarian strongman Viktor Orban.

Orban tries to save face after EU summit

Tamas Csonka in Budapest February 2, 2024

Hungarian Prime Minister Viktor Orban was given assurances that the question of Budapest's blocked funds, around €22bn, would be handled impartially.

Ukraine’s bought some breathing space after EU signs off on €50bn support package

bne IntelliNews February 2, 2024

All 27 leaders of EU member states agreed on an additional €50bn support package for the so-called Ukraine Facility within the EU budget, European Council President Charles Michel announced on February 1.

Russia oil product exports fall by a third due to Ukrainian drone attacks on refineries

bne IntelliNews February 2, 2024

Russia is increasingly struggling to maintain the export of oil products after at least half a dozen long-distance Ukrainian drone attacks on refineries caused fires causing temporary halts in production at facilities across western Russia.

Orban backs down again and lets Ukraine aid go ahead

Robert Anderson in Prague February 1, 2024

The Hungarian strongman had come under huge pressure since he vetoed the EU package at a summit before Christmas.

EU to renew Ukraine’s trade access, but introduces an agricultural “safety brake”

Ben Aris in Berlin February 1, 2024

The European Commission intends to extend Ukraine’s access to EU markets at the summit this week but will introduce restrictions on some key agricultural products to protect members state’s domestic markets, UBN reported on January 31.

ISTANBUL BLOG: Russian wheat importer Turkey becomes a wheat exporter

Akin Nazli in Belgrade January 31, 2024

Curious development comes in a week where US senators ponder how oil products from Russia, exported via a shady Turkish terminal, ended up in American warships.

Ukraine hits historic high in Transparency International annual Corruption Perceptions Index, up three points to 36 out of 100

bne IntelliNews January 31, 2024

Ukraine reached a historic high in Transparency International annual Corruption Perceptions Index (CPI) in 2023, improving its score by three points to reach 36 out of a possible 100.

Orban set to compromise on EU's Ukraine financing deal

Tamas Csonka in Budapest January 31, 2024

Amid both threats and signs of flexibility from the EU, the Hungarian premier is expected to drop his veto of the €50bn package.

Is this the last year of Russian gas transit via Ukraine?

Newsbase January 30, 2024

Ukraine has insisted it has no intention of renewing its gas transit contract with Russia that is due to expire at the end of this year.

wiiw projects brighter 2024 for Emerging Europe

bne IntelliNews January 30, 2024

Vienna-based think-tank expects growth to get back on track this year, but warns of risks from a Trump victory in the US and escalation of fighting in Ukraine or Gaza.

EU denies blackmail of Hungary as Budapest indicates potential compromise

Tamas Csonka in Budapest January 30, 2024

EU source claims reported threat to freeze aid to Hungary indefinitely was only 'background material'.

KYIV BLOG: Ukraine's democracy vs corruption

Ben Aris in Berlin January 30, 2024

The Zelenskiy administration has been rocked by a fresh corruption scandal at the Defence Ministry this week, but Ukraine has been plagued by corruption from the day of its independence.

EU leaders threaten to punish Hungary for Ukraine veto

bne IntelliNews January 29, 2024

Orban is now being told that Hungary’s frozen EU funds will be suspended indefinitely unless he co-operates on Ukraine, according to a report in the Financial Times.

Ukraine denies Fico’s claims it could prolong Russian gas transit

Albin Sybera January 29, 2024

“The stance of the Ukrainian side is straightforward: the transit contract will expire at the end of this year,” says Ukrainian government.

US recommends Ukraine switches to more defensive strategy

Ben Aris in Berlin January 28, 2024

Following the failure of Ukraine’s counteroffensive last summer, the Biden administration has abandoned hope of the Armed Forces of Ukraine (AFU) retaking any territory in 2024.

Russia’s oil industry is threatened by Ukrainian drones, Western sanctions

Ben Aris in Berlin January 28, 2024

Russian oil refineries are not normally newsmakers, but they have found themselves on the front page recently as Ukraine’s new long-range drones have brought some of Russia’s oil infrastructure within striking distance.