Europe Key Analysis

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Could Latvia Be The Next Crimea?

Russia is unlikely to have the means to destabilise Latvia through its ethnic Russian population as it did in Ukraine. Nevertheless, Riga will view Moscow warily, and raise defence spending...

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Inflection Point Reached In Crisis

Russian President Vladimir Putin's call for the postponement of May 11 referendums on independence in east and south Ukraine marks a step towards a de-escalation of tensions in Ukraine

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IMF Loan No Guarantee Of Stability

While the approval of a USD17.0bn Stand-By Arrangement from the IMF (including USD3.2bn for immediate disbursal) is positive for Ukraine's near-term debt servicing prospects, we remain sceptical that...

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Limited Macro Impact From New Sanctions

The latest wave of sanctions by the US against Russia has confirmed our view that the West's response to Russia's alleged actions to destabilise Eastern Ukraine will remain of limited/symbolic nature...

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