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Investment into new shopping centres is going strong in the smaller markets of the Western Balkans and outside the main cities in Southeast Europe's EU members where demand for new modern retail space is high.
Following the US and the UK, the European Council has adopted the 10th package of sanctions against Russia on the anniversary of full-scale military invasion of Ukraine, including further export bans worth more than €11bn.
Germany's Deputy Chancellor, Robert Habeck, announced that Berlin will crack down on EU companies that dodge Western sanctions on Russia, as governments become increasingly alarmed at the scale of the sanctions leakage, the Financial Times reported.
Sub-Sahara Africa’s half dozen MSCI frontier index markets were flat in January, after the region was down 25% last year compared with the composite 30%. Tiny Senegal was the only slight gainer ...
Russia's nuclear exports were already booming well before the war in Ukraine started but now they are growing even faster. Moscow is using nuclear power as foreign policy tool to bind allies in the non-aligned world more tightly to its cause.
Despite wide-ranging sanctions put in place against Russia since the invasion of Ukraine on February 24, diamonds from the country are still flowing freely into the European Union.
Putin’s war is fundamentally changing the make-up of the world – for the worse. While it is tempting to say the Cold War is back, that is inaccurate: back then two ideologies, communism and capitalism, clashed. Today even Russia is capitalist.
The threat of terrorism and organised crime is becoming increasingly entrenched across Africa, the head of the United Nations Office on Drugs and Crime (UNODC) ...
Major miners in Zimbabwe have expressed support for a government plan to demand a portion of royalties in refined metal and the other to be paid through cash as usual. Writing in a state-owned ...
Zimbabwean company RioZim has acquired Sperrgebiet Diamond Mine in Namibia for $58mn as it seeks to expand in Africa, Bloomberg ...
The draft measures will be considered by the 27 member countries, where they need unanimous approval.
Russian state-controlled diamond monopoly Alrosa has been sanctioned but some of its diamonds are making it on to the international market legally. The upcoming eighth package of sanctions will crack down on Russia’s diamond and close loopholes.
Russia’s economy seems to be doing a lot better than was expected. The International Monetary Fund recently improved its growth outlook for this year.
Western sanctions for Russia’s military invasion of Ukraine could force two Russian oligarchs, Vladimir Potanin and Oleg Deripaska, to end the longest conflict in Russian corporate history and instead merge their respective metals giants.
The USA has added diamond producer Alrosa to its list of sanctioned entities, blocking the company off from American banks and preventing nationals from doing business with it. Diamonds are in the top 10 non-energy exports for Russia.
Britain announced a new package of sanctions for the Russian military invasion of Ukraine, making it the first of the fifth package of sanctions expected from the West amid G7 and Nato summits held on March 24.
Russia's invasion was born out of a principled decision made by the West not to accept the Kremlin's demands, but there was a pragmatic choice, too, that could have headed off the crisis. Ukraine was never offered Nato membership, so say so.
Russia is facing an unprecedented escalation in Western sanctions following its invasion of Ukraine.
American investment in Russia remains systemically significant across a range of sectors. New figures show that it increased last year, in spite of growing tensions.