Iran cements ties with East as it becomes full member of SCO

bne IntelIiNews September 17, 2021

“The world has entered a new era,” says Iranian president. “Hegemony and unilateralism are failing. The international balance is moving toward multilateralism and redistribution of power to the benefit of independent countries.”

LONG READ: Russia's hybrid Duma elections

Ben Aris in Berlin September 16, 2021

Russia goes to the polls this weekend to vote in a new Duma. There is little doubt that the ruling United Russia will win a majority. The elections are fixed. But in many regions the elections are fair and those are the smart voting targets.

US lawmakers make last ditch effort to kill off the Nord Stream 2 gas pipeline

bne IntelliNews September 16, 2021

US lawmakers made a last ditch effort to kill off Russia’s recently completed Nord Stream 2 gas pipeline, which is now completed but not yet in operation.

bneGREEN: Global coal plans collapse by 76%

By Richard Lockhart in Edinburgh September 16, 2021

The global pipeline of proposed coal power plants has collapsed by 76% since the Paris Agreement in 2015, bringing the end of new coal power construction into sight, new research by green think-tank E3G finds.

Russian oil major Rosneft gets closer to gas exports

bne IntelliNews September 15, 2021

The Russian Ministry of Energy will report to the government on potentially allowing state oil giant Rosneft access to gas exports "in the coming days".

SPB Exchange driving Russia's retail equity investment revolution

Ben Aris in Berlin September 15, 2021

Russia is going through a retail investment revolution. Plunging interest rates at bank deposits – long the favoured store of wealth for the average person – have led to a boom in Russians investing into equities.

bneGreen: Finland’s Betolar develops green cement as construction races to decarbonise

Richard Lockhart in Edinburgh September 15, 2021

Finland’s Betolar is pioneering the production of low-carbon cement by using alternative industrial waste products in a process that could reduce CO2 emissions by up to 80%.

Russia’s Communist Party to get a Navalny smart voting bump in the Duma elections

Ben Aris in Berlin September 15, 2021

Russia’s Communist Party is likely to get a big bump in this weekend's Duma election after opposition activists Team Navalny threw its weight behind most of its candidates as part of its “smart voting” strategy.

Sber considers listing digital subsidiaries in a few years

East West Digital News in Moscow September 15, 2021

Sber, the state-controlled financial and digital giant, is considering having some of its digital subsidiaries listed, stated Sber president Herman Gref last week on the sidelines of the Eastern Economic Forum, reiterating previous statements.

Russia’s Yandex beats off the largest DDoS attack in history

bne IntelliNews September 15, 2021

The international listed Russian tech giant Yandex said it beat off the largest distributed denial-of-service (DDoS) hacker attack in the history of the internet.

Western-funded Russian online retailer KupiVIP shuts down after 13-year e-commerce story

Adrien Henni in Moscow for East West Digital News September 15, 2021

On September 1 KupiVIP, once a top Russian fashion site, and its affiliate, wound up their operations September 1, unable to compete with Russia’s new generation of online retail giants, reports East-West Digital News (EWDN).

Russian tech exports up threefold since 2018

East West Digital News in Moscow September 15, 2021

Russia’s earnings from tech exports have jumped more than threefold over the last two years, according to a new report from Moscow’s Higher School of Economics (HSE), reports East-West Digital News (EWDN).

Black soldier fly start-up Entoprotech starts first funding round

Ben Aris in London September 13, 2021

Bugs can become big business. Entoprotech, an Israeli biotech start-up has raised $2mn to develop its black soldier fly (BSF) to process organic waste that will reduce methane emissions from landfills and create animal feed as a byproduct.

Russia's ultra-convenience shopping’s future isn’t just online

Stephen Bierman in Moscow September 13, 2021

Europe’s largest retail market may see sales from small local shops offering low-price basic items more than double over the next five years. Russia's new "ultra-convenience" stores are the next big thing in retail.

FPRI BMB Russia: Doppelgänger Duma Elections

FPRI BMB Russia September 13, 2021

Russia’s ruling party, United Russia, has been cracking down on opposition politicians and independent media in order to influence the fast-approaching Duma elections and has rolled out a number of dirty tricks.

Russia's inflation at 6.7% in August, to remain above target until 3Q22

bne IntelliNews September 13, 2021

Russia's consumer price index posted 0.2% month on month and 6.7% year on year in August 2021. Inflation continued to accelerate, and was slightly above the Bloomberg consensus expectations of 0.1% m/m and 6.7% y/y.

Gazprom announces Nord Stream 2's completion

bne IntelliNews September 10, 2021

Construction of the Nord Stream 2 gas pipeline is now fully complete, Gazprom announced in a brief message on September 10, although how soon it will start pumping Siberian gas to Europe is still shrouded in uncertainty.

bneGreen: Green push comes to steel

Stephen Bierman of NEO September 10, 2021

The world got its first delivery of carbon-free steel last month, setting a pair of green goalposts for the industry’s future. Progress for the moment and future, all the same, will require changes in production processes, feed stock and fuels.

Process to admit Iran into Shanghai Cooperation Organisation ‘set to begin’

bne IntelIiNews September 9, 2021

Islamic Republic applied to join as far back as 2008 but sanctions have hindered its path. Move to obtain membership may still meet additional obstacles.

Azerbaijan-Russia relations sour over Karabakh disagreements

Heydar Isayev for Eurasianet September 9, 2021

Baku has been increasingly airing public criticisms of Moscow over the post-war order, which have been exacerbated by the lack of a formal mandate for the Russian peacekeepers in Karabakh.