RUSSIA MONITOR MONTHLY 7/2020

Contents
Lukashenko and Elections: What’s Next for Belgazprombank?

Lukashenko and Elections: What’s Next for Belgazprombank?

Belgazprombank, a Russian-owned commercial bank based in Belarus, is now at the heart of pre-vote clampdown after its long-time CEO, Viktar Babaryka, was barred from running in the country’s presidential run-off. As investigators entered the bank, state authorities delivered a hint they seek new management board to be installed.

Putin Reveals Grandiose Plans for Russia’s Navy

Putin Reveals Grandiose Plans for Russia’s Navy

Russia will add new vessels and weapons to its navy this year, Russian President Vladimir Putin said as he attended a naval parade marking the country’s Navy Day. Russia’s navy is amongst those to have seen least upgrades, with other arms of the Russian armed forces having been a priority over the past few years. Whilst modernizing Russia’s fleet, officials used to pay attention to its underwater vessels, but are now far more concerned on surface vessels, their firepower, and amphibious capability.

U.S. Lawmakers Seek New Nord Stream 2 Sanctions But Russia Does Not Stand Down

U.S. Lawmakers Seek New Nord Stream 2 Sanctions But Russia Does Not Stand Down

The United States has toughened its stance on the Nord Stream 2 energy link. The U.S. Congress added to its version of the National Defense Authorization Act, or NDAA, a provision extending the list of entities that may be involved in the project. U.S. Secretary of State Mike Pompeo warned investors that had put their money into the Russian natural gas pipeline project prior to Washington’s first punitive measures that they could also face sanctions. As the Kremlin says it will wait until the final version of sanctions is published, Germany is making efforts to lobby the U.S. Congress. Also, Denmark has granted permission for the last portion of the Russian Nord Stream 2 natural gas pipeline to be constructed, with its go-ahead to kick-start works in early September.

Russia Gains Fresh Opportunities to Ship Crude to China

Russia Gains Fresh Opportunities to Ship Crude to China

Russia sees China as a top priority destination for its gas and oil exports. This is chiefly because the Northern Sea Route hosts more cargo vessels, alongside the network of oil and gas pipelines –– either existing or planned –– running from Russia’s hydrocarbon-rich regions to China.

U.S. Says Russian Military Continues to Provide Supplies to Libya

U.S. Says Russian Military Continues to Provide Supplies to Libya

Over the past few years Russia has been heavily implicated in the Libyan civil war where they take sides with one camp. But it was only recently that the United States has provided evidence for this, thus seeing Libya as yet another place in the world where the U.S. and Russian interests clash. Also, it is the key strategic place for both sides.

Novatek Delivers Liquefied Natural Gas Via Northern Sea Route

Novatek Delivers Liquefied Natural Gas Via Northern Sea Route

Russia’s private energy firm Novatek made its first-ever delivery of liquefied natural gas from its Yamal LNG eastbound to Japan via the Northern Sea Route. This marked yet another event where the Northern Sea Route served a pivotal role for the Russian economy, notably its hydrocarbon exports.

July Brings Sweeping Crackdown in Russia

July Brings Sweeping Crackdown in Russia

Shortly after Russians cast their ballots in a much-discussed constitutional plebiscite to consolidate Putin’s life-long grip on power, the Russian regime kicked off a clampdown on dissent and curbed any signs of independence amongst the ruling elite, notably in Russian regions.

War in the Russian Fuel Market?

War in the Russian Fuel Market?

As Russia’s demand for fuel revived after the coronavirus pandemic, the country’s oil majors –– with their gas station networks –– have a clear advantage over independent market actors. The former first and foremost enjoy state from state officials.

Russia Considers Mexico-Style Oil Hedge

Russia Considers Mexico-Style Oil Hedge

Russian President Vladimir Putin has tasked the government with considering the possibility to hedge the country’s oil and gas revenues to protect them from the price decline, Kremlin spokesman Dmitry Peskov said on July 23. This came as a comment to a fresh report by Bloomberg.

Shell and Gazpromneft Start Joint Project in Russia’s Far North

Shell and Gazpromneft Start Joint Project in Russia’s Far North

Petroleum giant Royal Dutch Shell is amongst foreign firms that have neither quit nor curbed their projects in Russia after the country had been hit by punitive measures. The oil major is not fearful of the economic crisis in Russia, the sharp decline in hydrocarbons prices, or serious problems of Russian energy companies.

Russia’s Stalemate on Syria

Russia’s Stalemate on Syria

The situation in war-torn Syria has stalled for a couple of months. Russia had to align with Turkey and halted the Syrian government’s air and ground campaign into rebel-held Idlib province.

Putin Orders Combat Readiness Check Near Ukrainian Border

Putin Orders Combat Readiness Check Near Ukrainian Border

On July 17, a snap combat readiness check kicked off, with troops of Russia’s Southern and Western military districts. Russian President Vladimir Putin ordered to dispatch 150,000 personnel and 26,000 pieces of military hardware to the site.

The Kremlin Uses Radical Russian Imperial Movement to Destabilize the West

The Kremlin Uses Radical Russian Imperial Movement to Destabilize the West

The Russian propaganda machine seeks to promote the image of a destabilized West. Also, the Kremlin is fomenting Western disputes by training and offering assistance to the far-right, often neo-Nazi, circles throughout Europe. In it, the Russian Imperial Movement (RIM), a white supremacist group, plays its role.

Kadyrov’s Hitmen

Kadyrov’s Hitmen

A Chechen asylum seeker was shot dead outside the Austrian capital whilst Georgian secret services have foiled a plot to kill a journalist. These seemingly look like two different stories yet have much more in common: they involve hitmen that kill either for the Chechen strongman Ramzan Kadyrov or the Kremlin.

Bregancon Program: France’s Macron Tilts Towards Russia

Bregancon Program: France’s Macron Tilts Towards Russia

The ongoing coronavirus pandemic has placed French-Russian rapprochement in limbo for roughly six months following its official kickoff in August 2019 during a meeting at the Fort de Bregancon, a summer residence of the president of France. But now the whole process is gaining momentum.

Gazprom’s Oil and Natural Gas Exports Fall Sharply

Gazprom’s Oil and Natural Gas Exports Fall Sharply

The coronavirus crisis and the ongoing oil price war have both taken its toll on Russia’s hydrocarbon trade. Russia’s state energy major Gazprom saw the worst outcomes as it has lost a portion of the European sales market, with ever-dropping gas prices.

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