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Eastern Europe’s gas deliveries are on shaky ground

Location:

EASTERN EUROPE

With the current gas transit deal between Russia and Ukraine expiring at the end of the year, the event highlights the fragility of the region’s gas supply.

Belarus seeks new partners to reduce Russian pressure

Location:

BELARUS

The abrupt halt to Russian oil supplies threatened the refining industry that is critical to Minsk's finances. Acutely aware of Russian leverage, Belarusian President Alexander…

Russia’s war in Ukraine puts Gazprom at risk

Location:

RUSSIA

In October the government of Moldova decided to cease buying natural gas from Gazprom, having secured sufficient supplies from alternative sources at a lower price. Although…

Russian gas cut would hurt EU’s eastern members most

Location:

EASTERN EUROPE

Energy exports have been Russia’s potent weapon against Europe since the Ukraine war began. When NS1 closed for maintenance in July, fears mounted that flows would not resume…

Ukrainian grain dispute is likely to drag on

Location:

UKRAINE

A glut of Ukrainian agricultural products has driven down prices in neighbouring countries, prompting several governments to impose unilateral import bans. Protests by Polish…

2023 will test East European V4 economies’ resilience

Location:

EASTERN EUROPE

Economic hardship may be increasing support for populism and far-right politics, especially in the more vulnerable Slovakia and Hungary. Proximity to the war, including spending…

Central Europe may cut rates despite high inflation

Location:

EASTERN EUROPE

Lower wholesale natural gas prices have improved balance-of-payments and fiscal positions and driven down inflation rates in Central Europe (CE). Financial markets are pricing in…

Eastern EU may target those vulnerable to inflation

Location:

EU

Russia’s invasion of Ukraine cut the supply of major staples to the Baltic states and the Visegrad Four (V4: Czechia, Hungary, Poland and Slovakia). Local factors, such as import…

Russia will try to soften dismay at ending grain deal

Location:

RUSSIA

Ukraine had been a significant grain exporter, much of it to poor countries, accounting for about 10% of world trade. The invasion stopped that. In July 2022, Turkey and the UN…

Room for more rate cuts is limited in Central Europe

Location:

CENTRAL EUROPE

Policy implications of the downward pressure on inflation from the renewed oil price decline.