Kyrgyzstan preps mining project with China in mind

Aigerim Turgunbaeva for Eurasianet July 18, 2022

Authorities see Zhetim-Too as an opportunity to pare down debt to Beijing, arguing that environmental risks can be mitigated.

EC takes Hungary to court over LGBT regulation, launches new infringement procedures

bne IntelliNews July 18, 2022

The CJEU said the LGBT regulation, dubbed the child protection law by Hungary, violates internal market rules, the fundamental rights of individuals and EU values.

Iran capable of making nuclear weapon declares adviser to supreme leader

bne IntelIiNews July 17, 2022

Says decision on whether to do so not yet made. US, meanwhile, releases intelligence on Russian military allegedly ‘shopping’ for Iranian combat drones.

Belgrade threatens reprisals after Croatia bans Vucic's visit to former concentration camp

Denitsa Koseva in Sofia July 17, 2022

Relations between Croatia and Serbia dive after Zagreb blocks President Vucic's informal visit to former Jasenovac concentration camp.

North Macedonia to embark on EU accession talks after 17 years of setbacks

Valentina Dimitrievska in Skopje July 16, 2022

Bulgaria set to lift its veto allowing first intergovernmental conference to take place after North Macedonia’s parliament approves French compromise proposal — despite protests and opposition boycott.

FPRI BMB Ukraine: 20 dead in missile strike on Vinnytsia

bne IntelliNews July 15, 2022

At least 20 civilians were killed in a Russian strike on Vinnytsia in central Ukraine on July 14. The four-year-old Lisa was amongst the dead. Her mother Iryna was taken to hospital in critical condition after losing a foot.

Kremlin says Kazakhstan’s efforts to attract sanctions-hit businesses leaving Russia 'absolutely normal'

bne IntelIiNews July 15, 2022

Kazakh leader Tokayev says his country working to accommodate hundreds of international companies that have exited neighbour.

The West approves badly needed budgetary support for Ukraine, but delays dog distribution of funds

Ben Aris in Berlin July 14, 2022

Both the US and European Commission have approved badly needed financial support packages for Ukraine to shore up public finances but the distribution of the money has been dogged by bureaucratic delays.

Hungarian government declares energy state of emergency, tightens utility price cap rules

bne IntelliNews July 14, 2022

From August 1, regulated energy prices for households will apply only to electricity and gas consumption up to the national average.

US warns of ‘profound threat’ of Putin’s efforts to deepen ties with Iran

bne IntelIiNews July 14, 2022

Washington claims Tehran plans to supply Russia with combat drones. Remarks come as Joe Biden starts Middle East tour and Russia’s president prepares for trip to Iranian capital.

Canadian sanctions exemption allows for the return of up to six Nord Stream 1 gas turbines

bne IntelliNews July 13, 2022

A sanctions exemption issued by the Canadian government to enable the return of a Siemens turbine to Russia’s Nord Stream pipeline will last for up to two years from now, making possible the import and re-export of a further five turbines.

Russian freight train arrives in Iran, marking new trade corridor milestone

bne IntelIiNews July 13, 2022

Rail haulage development important in context of accelerated realisation of International North-South Transport Corridor, with Moscow cargo options limited by Western sanctions.

Hungarian central bank hikes base rate by 200bp at non-rate setting meeting

bne IntelliNews July 13, 2022

Base rate hits 9.75% but is expected to rise to up to 13% by the end of the year to lower inflationary expectations and defend the forint.

Ukraine’s Akhmetov transfers media licences to the state, saying “I am not an oligarch”

bne IntelliNews July 12, 2022

Ukraine’s richest man, Rinat Akhmetov, has transferred the ownership of his media assets to the state in a bid to shed his oligarch status.

Russian court reverses ruling impeding Kazakh oil exports but situation remains tense

bne IntelIiNews July 12, 2022

Ahead of hearing, Kazakhstan says it is considering banning transit of sanctioned goods to Russia. Escalation of tensions may pose risk to Western oil assets.

Fitch downgrades Belarus’ Default Rating as Belarus’ financial manoeuvrability shrinks

bne IntelliNews July 12, 2022

Last week, Fitch Ratings downgraded Belarus’ long-term foreign currency (LTFC) Issuer Default Rating (IDR) from CCC to C; this means that Belarus stands before a probable default.

Hungary ready to make concessions for RRF funding

bne IntelliNews July 12, 2022

Government implicitly accepts EU's stand against Hungary's rampant corruption and stops pretending that halt to funding was due to its stance on LBGT rights.

80% of Turkey’s Gen Z tell pollster they won’t vote for Erdogan

bne IntelIiNews July 11, 2022

Economic crisis in country so severe that meat consumption is said to have halved in five years.

What if Nord Stream 1 doesn’t come back online?

bne IntelliNews July 11, 2022

The Nord Stream 1 pipeline closed down on July 11 for routine maintenance. Under normal circumstances the 10-day closure would cause no alarm, but European officials have suggested that Moscow may keep the 55 bcm per year offline longer.

Estonia’s Reform Party, Isamaa and Social Democrats reach deal on new coalition

Linas Jegelevicius in Vilnius July 11, 2022

Coalition reaches compromise on contentious issues of family support and reform of the electricity market.