The chief executive of Russian oil producer Gazprom Neft SIBN.MM said he expects global oil consumption to return to pre-crisis level in the second half of 2021, slightly later than the energy ministry's forecast for the second quarter.

• September 23, 2020

Ignoring calls for an end to his 26-year grip on power, President Alexander Lukashenko of Belarus was sworn in for a sixth term on Wednesday after an election that the opposition and several foreign governments say was rigged.

• September 23, 2020

The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.

• September 23, 2020

By Benyamin Poghosyan, PhD, Chairman, Center for Political and Economic Strategic Studies

Tensions in the Aegean between Turkey and Greece have found an echo in the South Caucasus, with the risk of somewhat unpredictable consequences.
Tensions in the Eastern Mediterranean, between Turkey on the one hand, and Greece, Cyprus, Egypt, UAE and France, on the other, simmered over the summer period. There is a long history of Turkey - Greece disputes and conflicts, since the end of the WWII, such as events in 1974-1976, 1987, and 1995-1996; but the current situation can be described as unprecedented. The region now faces several intertwined conflicts: the proxy war in Libya; divergent views on the issues of demarcation in the eastern Mediterranean; and the fight for the control of large resources of natural gas and their transit routes. In the background is also the intra-Muslim struggle between the Muslim Brotherhood movement supported by Turkey and Qatar, but staunchly opposed by the Gulf monarchies and Egypt. READ MORE

• September 23, 2020

By Elkhan Nuriyev, PhD, Eastern Europe-Global Area (EEGA) fellow at Leipzig University

For Russia, China’s Belt and Road Initiative is less of a threat than an opportunity. Moscow is receptive to the BRI’s ability to help create a multipolar world as it bolsters China’s global stance to counterbalance American hegemony. The Kremlin also views the BRI as a means to attract Chinese investment and foster renewed Russian influence over the European Union’s eastern zone. One of the important buckles of the Silk Road Economic Belt – the overland component of China’s ambitious Belt and Road Initiative (BRI) – is the Eastern Partnership (EaP) region, which represents an essential link between Asia and Europe. Developing this stage means enhancing commercial relations with six partner countries and an infusion of investment funds in several emerging-market economies. READ MORE

• September 23, 2020

Russia and Turkey have suspended joint patrols of the M4 highway in Syria for security reasons and will resume them once the situation there calms down, Foreign Minister Sergei Lavrov said in comments published on Monday.

• September 21, 2020

Ukraine’s foreign minister warned Russia on Friday against taking steps that undermine may undermine Belarus’ sovereignty and destabilise the region, while Britain called for sanctions on those in Belarus responsible for the “fraudulent elections”.

• September 18, 2020

Belarus opposition leader Sviatlana Tsikhanouskaya demanded on Friday an international mission to document what she called “atrocities” during crackdowns on anti-government protests, but said she was ready for talks to end weeks of violence.

• September 18, 2020