Essential CIS Politics: June 2021

RUSSIA / FSU POLITICS - Report 25 Jun 2021 by Alex Teddy and Alexei Panin

* Russia’s recovery continues apace, with the RUB rising and record-breaking reserves.

* Inflation spurred the Russian Central Bank into raising its interest rate to 5.5%.

* The St. Petersburg Economic Forum was relatively successful considering coronavirus is still a threat and is rising again.

* Biden and Putin met in a surprisingly cordial, albeit short summit in Geneva.

* The EU has imposed a flight ban and sanctions on Belarus due to Belarus's forcing an EU airliner to land.

* A legal case over Kyrgyzstan’s biggest taxpayer – a gold company – has led to the arrest of two former PMs.

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