Narrow victory for Moldova’s pro-European president Paid Members Public
A week after Georgia held crunch parliamentary elections, another former Soviet republic with EU ambitions went to the polls, as Moldovans voted in a presidential contest. The situation in Moldova, which was recently granted EU candidate states, was the reverse of that in Georgia — pro-EU president Maia Sandu was looking
The rise of Russia’s foreign trade middlemen Paid Members Public
Hello! Welcome to your weekly guide to the Russian economy—written by Alexandra Prokopenko and Alexander Kolyandr and brought to you by The Bell. Our top story this week is about the transformative effect Western financial sanctions are having on Russia’s foreign trade. We also look at why so
Putin puts on a BRICS spectacle Paid Members Public
Last week’s BRICS summit in Kazan was probably the most successful international event staged by Vladimir Putin since the start of the war. It was the largest diplomatic forum, with the most world leaders, since at least 2022. Despite the show that Putin managed to put on and the
Georgia’s ruling party wins key election, triggering opposition protests Paid Members Public
Moscow has followed Georgia’s parliamentary elections almost as closely as the upcoming US presidential contest. Oligarch Bidzina Ivanishvili’s ruling “Georgian Dream” party has been pursuing increasingly pro-Russian policies since the start of the war in Ukraine, triggering a falling out with the West and accusations of democratic backsliding.
Central Bank hikes rates to 21% Paid Members Public
Hello! Welcome to your weekly guide to the Russian economy—written by Alexandra Prokopenko and Alexander Kolyandr and brought to you by The Bell. Our top story is the Central Bank’s decision to hike interest rates to a record 21%. We also look at the IMF’s upgrade of
The Central Bank readies another rate hike Paid Members Public
There is little doubt that the central bank is gearing up to raise its key interest rate in its next meeting on Friday. Currently set at 19%, it’s expected to be hiked to 20-21% — matching or surpassing the emergency interest rate introduced days after Russia invaded Ukraine. This time