Section: The Business Times (Singapore)
EU says Ukraine needs US$15b, has limited ability to help
[BRUSSELS] The International Monetary Fund estimates Ukraine needs another US$15 billion in financing to withstand an economic crisis but the European Union has only limited capacity to help, European Commission President Jean-Claude Juncker said on Wednesday. …read more Source: The Business...
EU to 'ban investment in Crimea'
[BRUSSELS] The European Union is to ban all investment in Crimea, annexed by Russia in March, to keep up the pressure on Moscow and show that the issue is not being forgotten, EU diplomatic sources said Tuesday. …read more Source: The Business...
Kerry, Lavrov meet as tensions soar over Ukraine
[ROME] Top US diplomat John Kerry met his Russian counterpart Sergei Lavrov Sunday, amid anger in Moscow over the prospect of new US sanctions and possible lethal military aid for Ukraine. …read more Source: The Business...
Merkel blasts Russia as bloody Ukraine clashes rage
[KIEV] Ukraine said on Sunday that eight more civilians and two soldiers had been killed in fighting with pro-Russian insurgents as Germany accused the Kremlin of meddling in eastern European states’ drive toward the EU. …read more Source: The Business...
Merkel: Russia punishing countries for leaning towards EU
[BERLIN] German Chancellor Angela Merkel accused Russia on Sunday of interfering in the domestic affairs of numerous countries that are seeking closer ties to the European Union. “Moldova, Georgia and Ukraine are three countries in our eastern neighbourhood that have taken sovereign decisions to sign an association agreement with the...
Putin, Hollande meet to defuse Ukraine tensions
[MOSCOW] French President Francois Hollande became the first European leader to travel to Russia in an attempt to defuse the standoff with Vladimir Putin over Ukraine, as Kiev announced a fresh round of peace talks next week. …read more Source: The Business...
Russia predicts recession in 2015 on sanctions, oil slump
[MOSCOW] The Russian economy ministry on Tuesday slashed its economic forecast for 2015, announcing a contraction of 0.8 per cent because of Western sanctions over the Ukraine crisis combined with falling oil prices. …read more Source: The Business...
US to discuss possible new Russia sanctions with European allies
[BRUSSELS] US Secretary of State John Kerry will talk to European allies this week about imposing further sanctions on Russia if pro-Moscow separatists in eastern Ukraine do not halt violence, a senior State Department official said on Tuesday. …read more Source: The Business...
Russia sees recession if oil declines to US$60 a barrel
RUSSIA’S economy will sink into a recession next year if the price of oil slumps to US$60 a barrel and the United States and its allies tighten sanctions over the conflict in Ukraine, Finance Minister Anton Siluanov said. …read more Source: The Business...
Cameron warns Britain's recovery faces 'real risk'
[LONDON] Prime Minister David Cameron on Sunday warned Britain’s economic recovery faced a “real risk” from instability in the world economy fuelled by Middle East unrest, Ebola, Ukraine and stalled trade talks. …read more Source: The Business...
