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Novolipetsk Steel PJSC plant, operated by NLMK Group, in Lipetsk, Russia, on June 18, 2018.
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Belgium has a Russian steel addiction — and doesn't want to fix it

by Chris Powers

More than four years after the EU began sanctioning Russian steel, Belgium remains a loyal importer — thanks to a sanctions exemption that allows a Russia-based steel giant to continue supplying its Belgian factories with low-cost slabs. Despite sweeping EU sanctions against the Kremlin for its war in Ukraine, Belgium has opposed attempts to sanction the company, NLMK, and its Kremlin-connected billionaire owner, Vladimir Lisin. Belgian officials fear that taking action could hurt employment in

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As Armenians head to polls, Russia and West vie for influence in the South Caucasus

From a gated hilltop mansion on the outskirts of Yerevan, Russian-Armenian billionaire-turned-opposition figure Samvel Karapetyan is carefully coordinating his path to power. An energy sector magnate who made his fortune in Russia, Karapetyan has been under house arrest since January. From behind his high iron gates, he and his pro-Russian Strong Armenia party have emerged as the most prominent force among Armenia's bloc of scattered opposition parties. In Sunday's election, that opposition is

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