Financial Times (April 28)
“Deprived of investment opportunities abroad, Russians have piled their savings into the likes of Lukoil, Gazprom and Sberbank, which combined account for about 40 per cent of the stock market’s total value.” Marking a rebound, “Russia’s stock market has climbed to its highest level in more than a year as domestic retail investors with nowhere else to go snap up the dividend-paying stocks that sold off heavily following the invasion of Ukraine”.
Tags: Abroad, Deprived, Dividend, Domestic, Gazprom, Invasion, Investment, Lukoil, Opportunities, Rebound, Retail investors, Russia, Savings, Sberbank, Stock market, Stocks, Ukraine
Washington Post (March 6)
Russia’s energy stranglehold around Europe, which imports about a third of its fuel from Russia, must be loosened. “In the long term, Europe and Ukraine should continue to make their energy markets more flexible. Ukraine should consider building an LNG import terminal on the Black Sea, and the country must clean up its notoriously corrupt energy production sector.” Abundant supply in the U.S., Norway, Qatar and Eastern Europe can also play a role in freeing Europe “from Gazprom’s grip.”
Tags: Black Sea, Eastern Europe, Energy, Europe, Gazprom, Imports, LNG terminal, Norway, Qatar, Russia, U.S., Ukraine
