Gazprom Profits Soar on High Energy Prices

Russian energy giant Gazprom on Thursday announced a soaring net profit for 2021, boosted by high energy prices. “The main factor that affected the financial result was an increase in gas and oil prices,” the state-controlled group said in a statement. “This resulted in an increase in sales and an increase in the cost of purchased gas and oil.” The group…

Kazakhstan Set to Ban Russian Presenter Over Ukraine Tirade

Kazakhstan has admonished a pro-Kremlin television presenter after he unleashed a tirade against the ex-Soviet country over its perceived distancing from Moscow since Russian troops invaded Ukraine.  Central Asia’s richest country, Kazakhstan shares a land border with Russia, has a significant ethnic Russian minority and was forced to call in troops from a Russia-led bloc to quell unprecedented unrest in January.  But…

Russia Says ‘Alarmed’ by Tensions in Breakaway Transnistria

Russia on Thursday raised the alarm over “acts of terrorism” in Moldova’s Moscow-backed breakaway region of Transnistria after separatist authorities reported several attacks there this week.  “We are alarmed by the escalation of tensions in Transnistria,” Foreign Ministry spokeswoman Maria Zakharova said during her weekly briefing, pointing to reports of shootings and explosions.  “We regard…

Russian-Occupied Kherson Names New Leadership Amid Pro-Ukraine Protests, Rocket Attacks

Occupying Russian forces have appointed a new “military-civilian administration” in Ukraine’s southern Kherson region amid pro-Kyiv protests and rocket attacks. Russian soldiers occupied the city of Kherson on the banks of the Dnieper River in early March. Russia’s Defense Ministry said it gained control of the entire Kherson region this week.  Russian troops have dismissed Kherson’s…

Russian Disposable Income Drops, Inflation Highest Since 1999

Russia’s war in Ukraine and double-digit inflation drove down real disposable incomes in early 2022, the Rosstat statistics agency reported Wednesday. Real disposable income, a closely tracked indicator of Russian households’ financial wellbeing, calculates the amount residents have left to spend or save after payments. According to Rosstat, Russian households spent 17.1 trillion rubles ($231…