Russia

STOLYPIN: It isn’t the ‘Usual Suspect' who is really 'weaponising gas'

Mark Galeotti October 11, 2021

That naughty Vladimir Putin is up to his tricks again. Not weaponising football hooligans or COVID vaccines this time, but gas. Politicians are queuing up to blame Russia. The trouble is, this is not just bad analysis but also bad politics.

Russian international reserves fall $10bn to $612bn

bne IntelliNews October 11, 2021

Russia’s gross international reserves have fallen by $10bn from an all-time high to $611.9bn as of October 1, according to the latest data from the Central Bank of Russia.

Sber becomes Europe’s most valuable bank

bne IntelliNews October 10, 2021

Sber (formerly known as Sberbank) became the most valuable bank in Europe on October 7. Previously the first place was held by the British HSBC, Russian media reported.

ING: Winter is coming… and so is further volatility for energy markets

Warren Patterson Head of Commodities Strategy at ING in Holland October 10, 2021

Energy prices have seen significant strength recently. European gas prices have rallied 94% during September, taking them to record levels. Oil and coal have also strengthened.

Vodka drinking on the decline in Russia

bne IntelIiNews October 8, 2021

Russia is a top ten global alcohol producer and has one of the highest vodka consumption levels globally: 3.5 litres per capita in 2020 of pure alcohol. But the shape of the market is also rapidly changing.

Reports warn Tajik militant group in Afghanistan may be poised to attack Tajikistan

bne IntelIiNews October 8, 2021

Russian media say group may be beyond Taliban’s control. Moscow says Russia stands ready to protect its ally from any incursion.

Russia’s RTS stock index breaks above 1,800 for the first time in 10 years

Ben Aris in Berlin October 8, 2021

Russia’s dollar-denominated Russia Trading System (RTS) index broke above the 1,800 mark for the first time in over a decade on October 7 to end the day at 1,854.

ING: consumption surge and rising in investment driving Russian GDP growth in 3Q21

Dmitri Dolgin chief economist Russia ING October 8, 2021

Consumption was the key driver of the 2Q21 economic recovery and remains so in 3Q21, with August employment and retail trade above expectations ahead of the likely spike in September.

Russian agriculture production surprises with a tumble of 10% in August

bne IntelliNews October 8, 2021

Analysts are chewing through RosStat’s recent release of a detailed breakdown of Russia’s production, and the big surprise was that agricultural production tumbled by 10.1% year on year in August.

Russia's inflation at 7.4% in September, paving way for higher interest rates

bne IntelliNews October 8, 2021

Russia's consumer price inflation continued to accelerate, posting 7.4% year on year and 0.6% month on month in September 2021, according to the latest release by the RosStat statistics service.

Russian venture market reached $1bn in 1H21

East West Digital News in Moscow October 7, 2021

Dsight, a Moscow-based business intelligence company with a focus on investment, has just released the English version of its Russian venture report covering the first half of 2021.

Facebook and Google exposed to record fines for not removing unlawful content in Russia

East West Digital News in Moscow October 7, 2021

Russia could impose record fines on Facebook and Google (held responsible for YouTube) for not removing prohibited content. Since these companies are accused of repeated violations, fines could be in the range of 1/20 to 1/10 of the yearly revenues.

Russia proposes “3+3” format to unlock economic and transport communications in Caucasus

bne IntelIiNews October 6, 2021

Moscow’s move comes amid high tensions as Iran, Azerbaijan and Turkey flex muscles with military exercises.

European gas prices slide back after Putin hints Russia may help "stabilise" the market

bne IntelliNews October 6, 2021

Natural gas prices in Europe took a dive on the afternoon of October 6, after Russian President Vladimir Putin hinted that Gazprom might release more supply onto the market.

Pandora Papers link influential Russians to offshore havens

bne IntellIiNews October 6, 2021

The leaked files dubbed 'the Pandora Papers' reveal how wealthy Russians, many of whom are alleged to be in Putin’s inner circle, have hundreds of millions of dollars in offshore holdings.

FPRI BMB Russia: Russia facing fourth coronavirus wave as infection rates rise to fresh highs

FPRI BMB Russia October 6, 2021

Infection rates in Russia have reached their highest level since January. There were 25,781 new cases on October 4, the highest the figure has been since there were 26,301 infections on January 2. October 4 also saw 883 deaths.

Russian-founded graphene nanotube leader aims to raise up to $800mn through SPAC merger

East West Digital News in Moscow October 6, 2021

OCSiAl, the Russian-founded global graphene nanotube leader (pronounced ‘Oxial’), intends to get listed on a Western exchange at the end of this year by merging with a SPAC.

Facebook and Google exposed to record fines for not removing unlawful content in Russia

East West Digital News in Moscow October 6, 2021

Russia could impose record fines on Facebook and Google (held responsible for YouTube) for not removing prohibited content. As these companies are accused of repeated violations, fines could be in the range of 1/20 to 1/10 of their yearly revenues.

ING: Russia to stabilise FX intervention, reinforcing ruble

Dmitri Dolgin chief economist Russia ING October 6, 2021

Despite the recent spike in oil and gas prices, Russia will limit mandatory FX purchases to $4.4bn, significantly lower than the $9-10bn monthly current account surplus that is to be expected for 4Q21 to support the currency.

Russia's IPO boom

Ben Aris in Berlin October 4, 2021

Russian IPOs are back and billions of dollars have already been raised and billions more of listings are in the pipeline in the coming year. The Russian corporate story is hot again for the first time in about a decade.

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