Peskov Deemed NATO's Non-Accreditation of 'Izvestiya' Newspaper to the Summit in the U.S. as Discrimination
Kremlin Press Secretary Dmitry Peskov stated that NATO's decision not to accredit the Russia-based newspaper “Izvestiya” for the summit in the United States constitutes media discrimination on a country basis. During a press conference he held, Peskov emphasized that this situation infringes on the rights of media representatives and expressed that NATO is pursuing a discriminatory policy, which is unacceptable. “Izvestiya” announced on July 1 that its accreditation request for the NATO summit scheduled to take place in Washington from July 9 to 11 had been denied. Although no justification for the denial was provided, it was noted that the decision is final. The summit is expected to be dedicated to the 75th anniversary of NATO, with participants anticipated to reach an agreement to increase financial and military support for Ukraine. Additionally, the European Union (EU) decided on May 17 to ban the broadcasts of “Izvestiya” along with other Russian media outlets such as “RIA Novosti” and “Russia Today”; these restrictions came into effect on June 25. In the EU's statement from May, it was claimed that these media outlets are continuously controlled by the Russian Federation government and support military operations in Ukraine.
Orban is Seen as Moscow's Main Ally in the EU in the West
Hungarian Prime Minister Viktor Orban met with Ukrainian President Volodymyr Zelensky during his first visit to Kyiv since the start of Russia's military operations in Ukraine. The main topic of the meeting was the peaceful resolution of the Russia-Ukraine conflict. Orban, who is referred to as Moscow's most important ally in the West, emphasized that his government is generally opposed to providing military support to Kyiv. Hungary vetoed the European Union's (EU) decision on December 15, 2023, to grant €50 billion in long-term budget aid to Ukraine. However, Orban stated on February 2 that this amount could be provided through macro-financial assistance, provided that it is unanimously approved by all EU member states each year. Additionally, in a statement made on June 30, he expressed that they would not obstruct Ukraine's EU membership, but the potential consequences of the country being at war needed to be examined. In July 2023, Orban remarked that Ukraine had effectively lost its sovereignty, with the United States being one of the determining factors in this situation. After his visit to Kyiv on July 2, he suggested to Zelensky that he should consider a ceasefire. However, due to his statements regarding Russia's special military operation, criticism aimed at Orban from the West has increased. In this context, the West's labeling of Orban as "pro-Russia" is directly related to his complex position and sensitivity regarding the rights of Hungarians living in the region.
(Ведомости, “Почему Орбана на Западе называют главным союзником Москвы в ЕС”, (02.07.2024))
Vladimir Putin Held a Meeting with Recep Tayyip Erdogan
Russian President Vladimir Putin met with Turkish President Recep Tayyip Erdoğan ahead of the Shanghai Cooperation Organization (SCO) summit held in Astana, Kazakhstan. The two leaders conducted their first face-to-face meeting since September 2023 at the Ritz-Carlton Hotel. The meeting took place within a broad framework covering trade and energy cooperation. Putin stated that bilateral relations continue despite global challenges, and the trade volume has remained at $55 billion in 2023. He also noted that the number of Russian tourists visiting Turkey reached a record of 6.3 million and thanked Erdoğan for his hospitality. Erdoğan emphasized that they set a target of reaching $100 billion in trade between the two countries. He particularly highlighted the importance of cooperation in the construction of the Akkuyu Nuclear Power Plant and the implementation of new projects. Following the meeting, it was indicated that initiatives would be taken to deepen energy cooperation between Turkey and Russia, and a positive approach was shown regarding the timing of reciprocal visits by the two leaders. Putin promised to visit Turkey at Erdogan's invitation.
(Ведомости, “Владимир Путин провел переговоры с Реджепом Тайипом Эрдоганом”, (03.07.2024))
Russia's Suspension from the OSCE General Assembly Deemed Discrimination
Maria Zakharova, head of the Information and Press Department of the Russian Foreign Ministry, stated that the suspension of Russia's participation in the Parliamentary Assembly of the Organization for Security and Co-operation in Europe (OSCE) is clearly the result of a discriminatory policy. Zakharova emphasized that Romania's refusal to grant a visa to the Russian delegation is the latest indication of this situation. Reminding that the primary purpose of the OSCE is to foster interaction among parliaments, Zakharova expressed that the suspension of Russia's participation risks turning this structure into a political relic. On July 3, the Federation Council of the Russian Federation issued a statement regarding the suspension of its participation in the OSCE Parliamentary Assembly. In this statement, it emphasized that the OSCE Parliamentary Assembly has been used as a tool for implementing anti-Russia policies. Russia indicated its readiness to continue its work in the OSCE if the Russophobic approaches to security issues are reviewed. The proposal to suspend Russia's activities in the OSCE Parliamentary Assembly was raised by the Foreign Policy Committee on June 19, and this proposal was supported by Senate Speaker Valentina Matviyenko. On the same day, State Duma Chairman Vyacheslav Volodin instructed the relevant committee to prepare the necessary regulations for the suspension decision.
After Their Meetings in Moscow, Putin and Orban Issued a Joint Statement
Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orban held a joint press conference following their meetings in Moscow, sharing the results of their discussions, which lasted over two hours. Putin described the meeting as productive and addressed cooperation between Russia and Hungary in the fields of energy, health, and the pharmaceutical industry. He noted that a comprehensive assessment of international issues, particularly the conflict in Ukraine, was conducted and that Orban provided information about his talks in Kyiv. Reiterating Russia's determination to resolve the conflict through diplomatic means, Putin stated that Ukraine intends to continue the war, which further deepens the conflict. He also emphasized that peace talks should include not only a ceasefire but also the conditions necessary for a complete end to the conflict. Orban remarked that Europe needs peace and highlighted the importance of keeping diplomatic channels open. The discussions underscored that both leaders assessed ways to end the conflict and agreed on the necessity of maintaining communication. Orban characterized this visit as a continuation of peace efforts and noted that he called for a ceasefire during his discussions in Ukraine, but this proposal was not accepted. European Commission Chief Spokesperson Eric Mamer expressed that Orban's visit to Moscow undermined the unity of the European Union, while the Ukrainian Foreign Ministry stated that Hungary did not provide adequate coordination in organizing this visit.
(Ведомости, “Путин и Орбан выступили с заявлением после переговоров в Москве”, (05.07.2024))
NATO's Involvement in the Ukraine Conflict Would Lead to 'Suicide'
Hungarian Prime Minister Viktor Orban stated that NATO would be "committing suicide" if it intervenes in the conflict in Ukraine. In an article he wrote for Newsweek, he expressed that NATO is the strongest military alliance in the world and maintains this position in terms of both defense spending and military potential. However, he emphasized that Hungary does not fully share the same views as other NATO member countries, particularly regarding the future of the alliance. Orban argued that the increasing discussions within the alliance about the necessity and inevitability of military conflict with "other geopolitical power centers" serve as a "self-fulfilling prophecy." Reminding that the purpose of NATO's establishment was to ensure peace for economic, political, and cultural development, he stated that if NATO chooses conflict and war, it would be committing suicide. He also underscored the importance of NATO remaining a defense alliance since its founding, highlighting the need for it to continue existing as a peace project. Orban described his visit to Moscow on July 5 as a continuation of his visit to Kyiv and recalled that he called for a ceasefire during his meeting with Ukrainian President Volodymyr Zelensky on July 2. He added that he believes this step would facilitate the beginning of negotiations with Russia.
French Prime Minister Attal Announced His Intention to Resign
French Prime Minister Gabriel Attal announced that he would resign on July 8 and would submit his resignation to French President Emmanuel Macron. Attal stated, "Now, in accordance with the republican tradition and my beliefs, I will submit my resignation to the President tomorrow morning." The Prime Minister also mentioned that he would continue in his position until a new government is formed. In the second round of parliamentary elections held in France on July 7, preliminary data suggest that the left-wing "New Popular Front of France" is expected to win between 180 and 215 seats in the 577-seat parliament, surpassing other political forces. Macron's coalition may hold between 150 and 180 seats, while Marine Le Pen's far-right "National Rally" party is projected to secure between 120 and 150 parliamentary seats, placing it in third place.
(Ведомости, “Премьер-министр Франции Атталь объявил о намерении подать в отставку”, (07.07.2024))
Statements by Orban and Xi Jinping at the Meeting in Beijing
Hungarian Prime Minister Viktor Orban emphasized the importance of China in ensuring world peace during his meeting with Chinese President Xi Jinping in Beijing. Orban stated that Hungary has always been pro-peace and, therefore, stands against war. Xi Jinping expressed that ending the conflict and achieving a political solution is in the interest of all parties, stating that three fundamental principles must be adhered to in order to cool down the situation. These principles include preventing the expansion of the battlefield, avoiding escalation of conflict, and not allowing any party to escalate tensions. Orban noted that Xi visited Hungary two months ago, highlighting the historical significance of this meeting. Following the meeting that took place on July 8, Orban referred to Beijing as the third stop after Kyiv and Moscow. During his meeting with Ukrainian President Volodymyr Zelensky, Orban called for a ceasefire, but this proposal was rejected by Ukraine. Orban arrived in Moscow on July 5, where he held significant discussions with Putin regarding peace. Orban's visit to Moscow sparked debates within the European Union, with European Commission Chief Spokesperson Eric Mamer stating that the visit undermined cohesion within the union. The Ministry of Foreign Affairs of Ukraine, for its part, recalled the principle of our state that “there can be no agreement about Ukraine without Ukraine” and called on all countries to adhere to this principle. Hungarian Foreign Minister Peter Szijjarto indicated that Orban's actions in the context of the peace mission next week would be closely monitored.
(Ведомости, “О чем заявили Орбан и Си Цзиньпин на встрече в Пекине”, (08.07.2024))
Orban in Washington to Attend NATO Summit
Hungarian Prime Minister Viktor Orban is in Washington to attend the NATO summit. Orban's press spokesperson, Bertalan Havasi, announced that the Prime Minister will participate in the summit taking place from July 9 to 11 and will hold various meetings with NATO members. Prime Minister Orban will engage in activities organized as part of the NATO summit and will conduct a series of meetings with Western leaders. On July 5, Orban visited Moscow, where he discussed peace negotiations with Russian President Vladimir Putin and expressed that Russia and Ukraine must reach peace as soon as possible. Previously, he had met with Ukrainian President Zelensky in Kyiv on July 2. On July 8, he met with Chinese President Xi Jinping in Beijing, emphasizing his efforts toward resolving the conflict in Ukraine. Xi received Orban's peace efforts with high appreciation. Kremlin Press Secretary Dmitry Peskov assessed Orban's visit to Moscow, stating that the Hungarian Prime Minister made a serious effort to understand all disagreements regarding the Ukraine conflict.
(Ведомости, “Орбан прибыл в Вашингтон для участия в саммите НАТО”, (09.07.2024))
Expression of Ukraine's Irreversible Membership May Be Removed from NATO Summit Statement
Reports indicate that the statement regarding the "irreversibility" of Ukraine's membership in the NATO summit's final communiqué may not be included. According to a report by The New York Times based on official sources, last-minute changes could be made to the summit results. The publication notes that there is still no consensus regarding Ukraine's accession to NATO, but the reinforcements indicate progress in that direction. In the past, the U.S. had doubts about whether Ukraine could become a NATO member; while these questions remain valid, an increasing number of American and European officials believe that Ukraine could eventually join the alliance. The report emphasizes that changes could occur at any moment before the document is published, stating that specific dates for Ukraine's membership would not be indicated in the communiqué and that the country must first prove it can tackle corruption and demonstrate strong democratic governance. These conditions also apply to other NATO members. Ukrainian officials had requested the use of the term "irreversible." According to officials in Washington, the U.S. and its allies are in the process of reassessing their commitments regarding Ukraine, as the uncertainty surrounding the re-election of President Joe Biden, who supports Ukraine, continues. On June 23, U.S. presidential candidate Donald Trump promised to resolve the conflict in Ukraine before taking office in January 2025 if he wins the election. The Telegraph reported that Trump has a detailed plan for a peaceful resolution to the situation but would not disclose it before the elections.
(Ведомости, “Из коммюнике саммита НАТО могут убрать тезис о необратимости вступления Украины”, (10.07.2024))
Finland and Sweden Boycott Hungary's Ministerial Meetings
Finland and Sweden have decided not to participate in the EU ministerial meetings to be held in Hungary. This boycott arose as a protest against Hungarian Prime Minister Viktor Orban's visit to Moscow. According to an agreement made on July 10 by Finnish Prime Minister Petteri Orpo and Swedish Prime Minister Ulf Kristersson, both countries will not send ministers or state secretaries to the meetings but will participate with official representatives. The boycott is initially planned to last until the end of July and will be assessed based on Hungary's activities thereafter. In this context, the boycott will cover the four meetings that Hungary will host as the EU presidency in July. Currently, the meeting of environment ministers is ongoing, and next week will see meetings of energy ministers, followed by meetings of justice and health ministers the week after. On July 5, Orban traveled to Moscow to hold discussions with the Russian President regarding the conflict in Ukraine. Previously, during his visit to Kyiv, Orban requested a ceasefire from Ukrainian President Volodymyr Zelensky, but this proposal was rejected. Following his visit to Moscow, Orban continued his peace efforts by traveling to Beijing, where he met with Chinese President Xi Jinping. He is then set to attend the NATO summit in Washington from July 9 to 11.
(Ведомости, “Финляндия и Швеция бойкотируют проводимые Венгрией министерские встречи”, (11.07.2024))
Kremlin States That Biden's Verbal Blunders Are an Internal Matter for the U.S.
The Kremlin pointed to the global reaction to U.S. President Joe Biden's gaffes, in which he confused the leaders of Ukraine and Russia, but characterized the situation as an internal matter for the U.S. Kremlin Press Secretary Dmitry Peskov stated in a comment on the issue, "This is a gaffe, and while it is clear that such statements resonate widely within the framework of internal political discussions in the U.S., this is not our issue; it is entirely an internal matter for the U.S." Peskov emphasized that American voters should determine whether Biden can continue in the presidential race and expressed that derogatory remarks about other country leaders are unacceptable. At the NATO summit on July 11, Biden made another insulting remark about Putin, saying, "A bloody madman has taken to the streets, some old and deep fears in Europe have been revived." Biden also mixed up the names of his Republican rival Donald Trump and U.S. Vice President Kamala Harris at the NATO summit in Washington, referring to Ukrainian President Volodymyr Zelensky as "President Putin." Maria Zakharova, head of the Information and Press Department of the Russian Foreign Ministry, referred to Biden's latest gaffe, labeling him a "pro-Russia candidate." The debates between Biden and Trump on June 28 created "panic" among Democrats, while experts noted that Biden failed due to the slowness and hesitation in his responses. Biden later acknowledged his failure in the debates but stated that his work over the last three and a half years should be evaluated. On February 15, Putin expressed a preference for Biden as a more experienced and predictable politician, stating, "Russia will work with any leader whom the American people trust."
(Ведомости, “В Кремле заявили, что оговорки Байдена – внутреннее дело США”, (12.07.2024))
South Korea Accused of Using Blackmail and Threat Tactics
Maria Zakharova, head of the Information and Press Department of the Russian Foreign Ministry, stated that South Korea has been using NATO narratives, blackmail, and threat tactics in its foreign policy, emphasizing that the country needs to define its priorities and choose between stability and conflict with North Korea (the Democratic People's Republic of Korea). Zakharova recalled that after the military exercises conducted by South Korea near the North Korean border at the beginning of July, the first in the past six years, North Korea was forced to take self-defense measures. She argued that South Korea is labeling North Korea as "the evil of the world" and progressing towards destroying the North and seizing its territory, warning that such actions could result in disaster. Russia has called on South Korea to cease its reckless military exercises and to engage in steps to reduce tensions. Zakharova noted that the current situation is stagnant and the risk of military escalation is increasing. Additionally, she reminded that South Korean President Yoon Suk Yeol has suggested the possibility of supplying lethal weapons to Ukraine if military technologies are transferred to North Korea, as well as wanting Russia to choose between South Korea and North Korea. Zakharova stated that "the use of NATO narratives, blackmail, and threat tactics in South Korea's foreign policy is unacceptable." Russia advised the South Korean government not to contribute to the ongoing conflict between North and South Korea while opposing peace and stability on the Korean Peninsula and efforts to maintain U.S. military supremacy in the Asia-Pacific region. The Kremlin declared that Russia is against the approach of "choosing one of the two Koreas" and will continue to develop relations with North Korea in all areas.
(Ведомости, “Захарова обвинила Южную Корею в применении тактики шантажа и угроз”, (13.07.2024))
Friendly Maneuvers
Relations between Russia and China have recently taken on a new dimension of strong partnership and mutual respect. Their heads of state refer to each other as “dear friends”, which is all the more meaningful for two countries with strained relations with Western countries. Over the last 25 years, the cooperation of these two great powers has contributed significantly to the construction of a multipolar world, but it was clearly not predetermined. The signing of the Treaty of Friendship and Cooperation in 2001, during Vladimir Putin's first presidential term, confirmed the rapid progress of relations between Russia and China. The 2005 signing of the border agreement helped to overcome past problems and consolidate trust between the two countries. Negative developments in relations with the United States have deepened cooperation between the two countries, while NATO's lack of unanimity on the negative impact in Europe has led to further strengthening. In 2023, the trade volume between China and Russia is expected to exceed the targeted 100 billion dollars and reach the 200 billion mark, indicating a strong expansion of economic relations between the two countries. In the next 5-10 years, the challenges and difficulties faced in the international markets of both China and Russia are set to make them support each other. It is envisaged that this will allow both countries to move together in the process of the emergence of a new world order.
(Ведомости, “Дружественные маневры”, (14.07.2024))
The U.S. Secret Service Increases Protective Measures for Trump Until the End of the Election Campaign
The U.S. Secret Service has decided to increase security measures for former President and Republican Party candidate in the upcoming presidential election, Donald Trump, until the end of the election campaign. This decision was announced by Secret Service Director Kimberly Cheatle. Cheatle stated, “In addition to the additional security measures we provided for former President Trump in June, starting from Saturday, we have implemented arrangements to ensure his continuous protection during the convention and the remainder of the election campaign.” On the evening of July 13, Trump was targeted in an armed attack during a campaign rally in Western Pennsylvania. In this incident, the politician sustained an ear injury. The FBI is investigating the incident as attempted manslaughter, while the perpetrator of the attack was identified as 20-year-old Thomas Matthew Crooks, who was reportedly neutralized during the incident. According to the American press, this attempted attack could boost Trump's popularity with the public. Experts note that this incident not only increases the former president’s popularity but also renders the replacement of current U.S. President Joe Biden with a younger Democratic candidate nearly meaningless.
(Ведомости, “Секретная служба США усилила охрану Трампа до конца предвыборной кампании”, (15.07.2024))
Euroclear Established a New Policy on Lifting Asset Blocks Following Sanctions on the Moscow Exchange
Belgium's Euroclear depository has established a new approach to resolving the asset blocking process following sanctions imposed on the Moscow Exchange. This process had been suspended since mid-June. Euroclear informed Russia's National Settlement Depository (NSD) that U.S.-linked assets could not be unblocked without permission from the U.S. Treasury's Office of Foreign Assets Control (OFAC). This requirement applies even if investors have already obtained authorization from the Belgian Treasury. The NSD published a list on its website containing approximately 9,000 securities, and it instructed investors to determine whether a general OFAC license or a specific authorization is needed. On June 12, the U.S. imposed sanctions on the Moscow Exchange and entities such as the NSD, leading Euroclear to suspend all asset servicing processes. Experts view Euroclear's additional licensing requirement as a reflection of the EU's consistent policy of aligning with U.S. anti-Russia sanctions. This situation presents challenges for investors in terms of time and costs, as the response period from OFAC can extend up to two years. This factor significantly raises concerns about the feasibility of pursuing unblocking efforts, especially for small portfolios.
European Parliament Called for the Confiscation of Russian Assets Frozen by the EU
The European Parliament adopted a draft resolution as its first decision after the elections, which calls for the confiscation of Russian assets frozen by the European Union and the continuation and expansion of the sanctions policy against Russia and Belarus. This information was shared on the European Parliament's official website. The adopted resolution represents the first official stance of the newly elected European Parliament regarding the conflict in Ukraine, reaffirming the unwavering support of the Members of the European Parliament for Ukraine's independence, sovereignty, and territorial integrity within its internationally recognized borders. The draft resolution was passed with 495 votes in favor, 137 against, and 47 abstentions. The statement noted that the European Parliament welcomed the EU’s efforts to channel the revenues from frozen Russian assets to support Ukraine's military efforts. It also emphasized the Parliament's belief that Russia should financially compensate for the destruction in Ukraine. Furthermore, the resolution called on the EU to maintain international support for Ukraine and provide military assistance as long as necessary and in any form. The Parliament condemned Hungarian Prime Minister Viktor Orban's visit to Moscow. Additionally, the European Parliament welcomed the outcomes of the NATO summit in Washington and reiterated its position that Ukraine is on an irreversible path to NATO membership. On July 16, Kremlin Spokesman Dmitry Peskov stated that attempts to confiscate Russian assets would cause significant damage to the international financial system and jeopardize the security of other countries' assets, stressing that such consequences are already being experienced.
(Ведомости, “Европарламент призвал конфисковать замороженные ЕС российские активы”, (17.07.2024))
Ursula von der Leyen Re-elected as President of the European Commission Until 2029
President of the European Commission, Ursula von der Leyen, was re-elected for a second term with the votes of 401 members of the European Parliament. In the parliamentary vote, von der Leyen secured more than the minimum 361 votes needed for re-election; 284 members voted against her, while 15 abstained. Following her re-election, von der Leyen expressed her gratitude on social media and announced that preparations for forming the new commission would begin, urging each EU member state to nominate one male and one female candidate. During her first term, von der Leyen navigated challenges such as the COVID-19 pandemic and the Ukraine crisis, while also addressing political uncertainties in Brussels, which drew both support and criticism. Some groups particularly criticized the perceived insufficiency of human rights protections and aspects of the "Green Deal." Von der Leyen’s re-election was welcomed by German Chancellor Olaf Scholz and other European leaders, with Scholz remarking that this demonstrated Europe’s capacity for effective action during difficult times. Additionally, it was announced that von der Leyen would prioritize projects such as defense cooperation, the “European Democracy Shield,” and long-term support for Ukraine in her new term.
(Ведомости, “Урсула фон дер Ляйен переизбрана главой Еврокомиссии до 2029 года”, (18.07.2024))
Netanyahu's Strong Reaction to the UN's Annexation Ruling
Israeli Prime Minister Benjamin Netanyahu has strongly rejected the United Nations International Court of Justice's decision, which states that Israel's actions in the annexation of Palestinian territories amount to occupation. In a statement posted on the social media platform “X,” Netanyahu emphasized that the Jewish people are not occupiers in Jerusalem and Judea-Samaria, asserting that their presence in these territories is based on historical and legal rights. On July 19, the International Court of Justice ruled that Israel's occupation amounts to annexation, stating that this policy has indefinite and irreversible consequences. Following the decision, Palestinian National Authority Foreign Minister Riyad al-Maliki called on countries to reassess their relations with Israel.
Hungary's Response to EU Boycott
Hungarian Foreign Minister Peter Szijjarto described European Commission Vice President Josep Borrell's boycott attempt against Hungary as "childish." Speaking at a press conference, Szijjarto stated that he had not received such a letter, adding, “If such a letter had arrived, I would have sent him a sandbox; this behavior is mentally at a kindergarten level.” Szijjarto emphasized that, amid an armed conflict in Europe, EU foreign policy has never been weaker and suggested that Borrell’s departure could offer new hope for EU foreign policy. Borrell had commented after Hungarian Prime Minister Viktor Orban’s visit to Moscow, noting that the EU does not approve of such contacts and stressing that Orban does not act on behalf of the EU. In July, Hungary assumed the EU Council Presidency; during this period, European Commission President Ursula von der Leyen canceled her planned visit to Hungary and decided to lower the level of representation.
Ukrainian President Volodymyr Zelensky Signals Readiness for Negotiations with Russia
According to a report by CNN, Ukrainian President Volodymyr Zelensky is indicating a possible willingness to open negotiations with Russia, in light of ongoing challenges on the front lines and uncertainties surrounding the potential return of former U.S. President Donald Trump to the White House. The article points out that Kyiv faces dual pressures due to the difficult situation at the front and the uncertain future support from key allies, particularly the United States and Germany. On July 15, Zelensky remarked on the insufficiency of Western support, stating that the outcome of the conflict depends not only on Ukraine but also on financial resources, arms aid, political backing, unity within the EU and NATO, and global solidarity. Former U.S. Ambassador to Ukraine John E. Herbst suggests that Zelensky’s stance may stem from recent political developments in the United States. U.S. Senator James David Vance’s announcement of his vice-presidential candidacy, coupled with his opposition to continued aid for Ukraine, has raised doubts about the ongoing support from Ukraine’s allies. Zelensky’s request for the inclusion of Russian representatives at the second summit aimed at establishing peace in Ukraine, scheduled for November, is viewed as a sign of his interest in negotiation. The Kremlin, however, noted that the initial summit was not peaceful and stated that Zelensky should clarify his remarks regarding the second summit.
(Ведомости, “CNN: Зеленский «намекнул» на возможность переговоров с Россией”, (21.07.2024))
Estonia's New Prime Minister Kristen Michal Assumes Office
Estonian President Alar Karis has approved a new government under Kristen Michal, a member of the Reform Party and former Minister of Environment. The 49-year-old Michal succeeds Kaja Kallas, who stepped down to take on the role of the European Union’s foreign policy chief. The new government, formed by a coalition of the Reform Party, the Estonian Social Democratic Party, and the liberal Estonia 200 party, will be sworn in on July 23 in parliament. President Karis expressed hope that Michal’s leadership will foster a more constructive atmosphere between the coalition and the opposition in the parliament. Born in Tallinn, Estonia’s capital, Michal studied public administration before pursuing a graduate degree in law and has held various roles within the Reform Party over the years.
(Ведомости, “Новым премьер-министром Эстонии стал Кристен Михал”, (22.07.2024))
U.S.-Israel Relations and the Impact of Middle East Policy on the Election
Russian experts suggest that significant changes in U.S. Middle East policy are unlikely during the presidential election process, while Israel remains in need of bipartisan support from the United States. Lyudmila Samarskaya from the Institute of World Economy and International Relations (IMEMO), an independent research institution based in Moscow, highlighted that despite Israeli Prime Minister Netanyahu's strong ties with the Republican Party, Israel must maintain support across the political spectrum in the U.S. Lev Sokolshik, from the International Center for Comprehensive European and International Studies (ICEIS) at HSE University, noted that while U.S. influence in the region continues to weaken, Israel has gained greater freedom to pursue its own objectives. However, he warned that the risk of regional tensions persists.
(Ведомости, “Зачем Нетаньяху отправился в США”, (23.07.2024))
Russia and China Establish a New Model of Global Cooperation
Amid global market divisions, Russia and China are developing a new model of cooperation that serves as an effective, constructive, and mutually beneficial example. In 2023, trade volume between the two countries increased by over 25%, reaching $240 billion, while China accelerated efforts to secure its energy needs. China's imports from Russia include substantial energy resources: 107 million tons of crude oil, 34 billion cubic meters of natural gas, and 100 million tons of coal. This volume plays a significant role in meeting China’s energy security requirements.
(Ведомости, “Россия и Китай создают новую модель мироустройства”, (24.07.2024))
Putin Reshuffles Presidential Council Presidium
Russian President Vladimir Putin has reshuffled the members of the Presidential Council Presidium, appointing the interim governors of Tula Oblast and Samara Oblast, Dmitry Milyayev and Vyacheslav Fedorishchev, to the council. Other new members include Vladimir Vladimirov, Governor of Stavropol Krai; Pavel Malkov, Governor of Ryazan Oblast; Aysen Nikolayev, Head of the Sakha Republic (Yakutia); Alexander Tsybulsky, Governor of Arkhangelsk Oblast; and Vladislav Shapsha, Governor of Kaluga Oblast. Additionally, Moscow Oblast Governor Andrey Vorobyov will be responsible for "Data Economy," Sevastopol Governor Mikhail Razvozhayev for "Culture and Traditional Values," and Tatarstan President Rustam Minnikhanov for "Infrastructure for Life." It was noted that Putin removed former governors of Samara Oblast and Kaliningrad Oblast, as well as some senior officials, from the council, appointing them to roles in the Ministry of Industry and Trade and the Ministry of Energy. This reshuffling aims to support the harmonious management of the country's domestic and foreign policies and foster socio-economic development.
(Ведомости, “Путин обновил состав президиума Госсовета”, (25.07.2024))
Russian Central Bank Raises Interest Rate to Curb Inflation
The Central Bank of Russia raised its key interest rate by 200 basis points to 18% annually in its meeting on July 26, aiming to bring inflation under control. Following a 16% rate in December 2023, the bank deemed the current hike necessary as domestic demand outpaced the economy’s ability to expand the supply of goods and services, accelerating inflation. Economists anticipated this increase, noting that inflation expectations had weakened confidence in returning to the 4% target. The Central Bank raised its 2024 inflation forecast to 6.5-7% and projected a 3.5% economic growth rate. However, inflation is expected to decline to around 4% by 2025. While consumer price growth remains steady, inflation expectations among citizens have risen to 12.4%. In response to high credit demand and persistent consumer confidence, the bank is considering additional measures.
(Ведомости, “Банк России повысил ключевую ставку”, (26.07.2024))
Hungary's Prime Minister Viktor Orban on EU's Silence over Nord Stream
Hungarian Prime Minister Viktor Orban described the European Union's silence regarding the sabotage of the Nord Stream pipelines as a form of surrender. Speaking in Romania, Orban expressed strong suspicions that the attack was carried out under U.S. orders, criticizing Germany's lack of response to what he called a terror attack on its own assets. Orban highlighted that Europe is unable to pursue independent policies, instead following the line of the Democratic Party in the United States. After the Nord Stream pipelines were damaged in the Baltic Sea on September 26, 2022, Russia suggested that the attack originated from the West, prompting investigations by Sweden, Denmark, and Germany. However, in July 2024, Germany announced it would not release details of the investigation. Orban stated that Hungary would regard such an attack on its own energy security as an act of terror and a cause for war.
(Ведомости, “Орбан счел капитуляцией молчание ЕС на тему подрыва «Северных потоков»”, (27.07.2024))
Speaker of the Moldovan Parliament and leader of the ruling Action and Solidarity Party, Igor Grosu, announced that Moldova may consider recognizing the 1946-1947 famine as genocide. Grosu emphasized that statements of condemnation and commemorations of the tragedy are not enough and that further steps should be taken. This initiative has been suggested by some Moldovan politicians in the past, attributing responsibility for the famine to the USSR. However, critics argue that Moldova also experienced famine in 1918 and the 1930s when it was part of Romania, casting doubt on these claims. Meanwhile, on June 21, Moldovan President Maia Sandu launched the country’s process for EU membership, appointing Deputy Prime Minister for European Integration Cristina Gerasimova as chief negotiator. Sandu views EU membership as Moldova’s only path to peace and prosperity, while statements from Russia warn that this process could have negative implications for the future of the EU.
(Ведомости, “В Молдавии могут признать геноцидом голод 1946-1947 годов”, (28.07.2024))
Russia Responds to Israel-Turkey Tensions
Maria Zakharova, Head of the Information and Press Department at the Russian Foreign Ministry, criticized Israeli Foreign Minister Yisrael Katz’s remarks about President Recep Tayyip Erdogan, highlighting that the U.S. military intervention in Iraq symbolizes the criminal and destructive nature of American foreign policy. Katz had implied on social media that Erdogan was following in the footsteps of Saddam Hussein, Iraq’s executed leader, sharing a troubling photo of Hussein and stressing the need to remember past events in Iraq. Zakharova questioned whether Katz approves of such international actions, referring to the illegal invasion by the U.S. and its allies, false claims about weapons, and the unlawful executions of Iraqi leaders. On July 28, Erdogan hinted at the possibility of military action against Israel, though he did not provide a clear explanation.
Russian State Duma Approves Cryptocurrency Market Regulations
The Russian State Duma has passed bills regulating cryptocurrency mining, circulation, and the use of cryptocurrency in international trade during its second and third sessions. State Duma member Anton Gorelkin noted that amendments made in the second reading lifted previous bans on mining and cryptocurrency circulation for individuals. Cryptocurrencies are viewed as a strategic tool for bypassing sanctions and promoting high-tech exports. Gorelkin highlighted that Russia ranks second globally in crypto mining and aims to overtake the U.S. as the leader with these regulations. Additionally, the bill intends to ban advertisements for mining to mitigate fraud risks. The central bank plans to establish a pilot platform to promote cryptocurrency use in international payments, with the law expected to take effect on September 1, 2024.
(Ведомости, “Госдума приняла законопроекты по регулированию рынка криптовалют”, (30.07.2024))
Ukraine on the Brink of Economic Collapse
Experts from the Russian Academy of Sciences indicate that Ukraine's decision to halt its foreign debt payments signals an impending default. Alexander Kamkin from the Institute of World Economy and International Relations (IMEMO) stated that this move reflects the near depletion of the country's financial resources. Experts suggest that the West is exerting pressure on Ukraine's economic situation as a means to push for an end to the conflict. It is believed that this decision is being used as a bargaining tool to secure additional funding from the European Union, with Ukraine aiming to influence its creditors through this approach.
(Ведомости, “Что значит разрешение заморозки выплат по долгу Украины до октября”, (31.07.2024))