The global energy crisis caused by Russia’s full-scale invasion of Ukraine has sped up the green transition, Ukraine Business news reported on December 7.
With most COVID-19-related support measures having been phased out, borrowers are now being put under pressure by surging inflation and sharply rising interest rates.
Lukashenko's and Shoigu's latest meeting in Minsk has spurred new fears that Russia may be putting increased pressure on Belarus to join the war by putting boots on the ground.
Budapest has been holding up aid for Ukraine as well as EU approval of a minimum corporate tax as part of an attempt to unfreeze €7.5bn of Cohesion Fund money and €5.8bn of Recovery and Resilience Fund cash.
Ukrainian police have arrested eight people who cut down a mural by famous British street artist Banksy, the Kyiv Independent reported on November 2.
Following an on-air gaffe, Latvia's National Electronic Media Council (NEPLP) has cancelled Dozhd's (Rain's) licence for threatening national security.
Russia fired more than 70 missiles at Ukraine on Monday, December 5, but Ukraine’s air defence unleashed an impressive performance and shot down over 60 projectiles, the Ukrainian Air Force tweeted on December 5.
The global inflation crisis paired with lacklustre economic growth and an outlook clouded by uncertainties have led to a decline in real wages around the world, a new report published by the International Labour Organization (ILO) has found.
The EU’s oil embargo, contained in the sixth and eighth packages of sanctions, comes into effect on December 5 and is likely to severely disrupt Russia’s oil trade but not stop it.
Speaking to a Western leader for the first time since September, Russian President Vladimir Putin told German Chancellor Olaf Scholz that Russian strikes on Ukraine’s energy infrastructure were “inevitable,” and rejected US calls for talks.
Global investment in energy efficiency could rise by 16% to $560bn in 2022, the International Energy Agency said, as governments and consumers respond to fuel supply disruptions and record-high energy prices.
With the reliable supply of Russian gas to Europe a thing of the past since the eruption of war in Ukraine, many European countries have been scrambling to find alternative sources of energy. Many have turned to LNG.
Kazakh President Kassym-Jomart Tokayev was on the road this week making his first diplomatic trips following his re-election and symbolically chose to meet Russia's Putin first, but just as symbolically chose to meet France's Macron the next day.
Nato members reaffirmed its commitment to the 2008 promise to eventually allow Ukraine to join the military alliance and promised to provide more military and economic aid after Ukraine was plunged into darkness by Russian missiles.
Andrey Yakunin, son of the former head of Russian Railways Vladimir Yakunin, who is sanctioned as a "Kremlin insider", went on trial in Norway on November 29 having been accused of illegally flying drones in Norway.
After the Russian military withdrew to the eastern bank of the Dnipro River in Kherson, the residents of the region that had been under Russian rule for eight months celebrated their liberation by Ukrainian troops, reports Statista.
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.
Among Europeans, the proportion of Hungarians blaming Ukraine for the war is the highest.
Ukraine launched the "Grain From Ukraine'' scheme on Holodomor Memorial Day, the Kyiv Independent reported on November 27.
The polycrisis has eased off and the US Fed signalled that it will slow rate hikes as inflation appears to be peaking. That is good news for EM markets and investors have been buying high yielding debt as default fears abate.