Russia

Sberbank leaves Austria, completing EU exit

Russian bank Sberbank announced its complete withdrawal from the European banking market with the sale of its remaining shares in a EU…

2 years ago

Russia-EU trade hit by invasion – Eurostat

The EU's official statistics office Eurostat details the effects of the bloc's sanctions and trade restrictions regarding Russia in the…

2 years ago

Hungary blocks EU’s Ukraine arms package after Kiev sanctions OTP bank

Hungary has vetoed EUR 500mn worth of arms funding from the EU to Ukraine, Italian media first reported on Monday,…

2 years ago

Falling energy prices hit MOL’s Q1 figures

Sharply falling energy prices are good news for the population and almost all market segments and the population alike, but…

2 years ago

Poland’s Orlen losing millions over Russian oil ban

Poland's state-controlled oil company, PKN Orlen, is facing significant losses due to the EU banning Russian crude oil. The company…

2 years ago

Bulgaria election ends in stalemate, but gains for pro-Russian party

Bulgaria's conservatives and liberals were practically neck and neck with votes still being counted after the country's fifth election in…

2 years ago

Morawiecki suggests ways to fund Ukraine war

Polish Prime Minister Mateusz Morawiecki called on Germany to up its support for Ukraine as Europe continues to search for…

2 years ago

Hungary could decouple from Russian gas – report

Hungary could realistically replace Russian gas imports, according to local analysts, who say its dependence is reliant on the will…

2 years ago

Montenegrin president to face new rival in run-off vote after narrow election victory

Montenegrin President Milo Djukanovic took around one-third of the votes in Sunday's presidential election ballot, well below the majority needed…

2 years ago

EU imposes new sanctions on Russia

The EU on Saturday released its 10th package of sanctions against Russia targeting 87 individuals and 34 entities to mark…

2 years ago

Russia cuts oil supply to Poland

Russia has ceased the supply of oil to Poland through the Druzhba pipeline, CEO of Polish oil refiner PKN Orlen…

2 years ago

Moldova closes airspace, accuses Russia of coup plot

Moldova shut down its airspace for three hours on Tuesday, 14 February, one day after the country’s head of state…

2 years ago

Moldovan defence advisor set to become PM

Dorin Recean, a pro-Western defence expert and former interior minister, is expected to become Moldova's new prime minister after receiving Parliament's approval…

2 years ago

Joint letter says Russian assets should rebuild Ukraine

Leaders from the Baltic nations and Poland have called for the utilization of approximately EUR 300bn worth of assets from…

2 years ago

EU widens embargo on Russian diesel, oil

The European Union expanded its ban on Russian diesel fuel and refined oil products with immediate effect on Sunday 5…

2 years ago

Hungary bails out steelmaker Dunaferr

Hungarian Prime Minister Viktor Orban met with a working group aiming to save the indebted steel company Dunaferr on Wednesday,…

2 years ago

US moves into CEE arms market – CET analysis

Geopolitics is leaving its mark on the arms race in Central and Eastern Europe (CEE). Countries are drifting further away…

2 years ago

Bulgaria faces fifth election in two years, as pro-Kremlin Socialists fail to form gov’t

Bulgaria is preparing for a new general election in the spring, following the failure of the country's Socialist Party to…

2 years ago

Gazprom failed to make January payment for Czech gas transit, minister confirms

Net4Gas, Czechia's natural gas transmission system operator, had not received its contracted monthly payment from Russian state-owned Gazprom by 4…

2 years ago

Romania, Hungary sign deal to lay world’s longest electricity cable

Hungary and Romania were among the four signatories of an agreement to construct a 1,100km (685 mile) power line under…

2 years ago