Section: The Business Times (Singapore)
Putin describes secret operation to seize Crimea
[MOSCOW] President Vladimir Putin has revealed the moment he says he gave the secret order for Russia’s annexation of Crimea and described how Russian troops were ready to fight to rescue Ukraine’s deposed, pro-Moscow president. …read more Source: The Business...
EU's Russia sanctions to stay until 'good' news on Ukraine
[BERLIN] The European Union said it won’t lift sanctions on Russia until the situation in Ukraine improves, and further penalties are possible. …read more Source: The Business...
Russia's exclusion from Swift a last-resort 'nuclear weapon': Poland
EXCLUDING Russia from the Swift banking system would be a measure of last resort if the crisis in Ukraine escalates, the British and Polish foreign ministers said on Friday. …read more Source: The Business...
Russian inflation hits 16.7% in fastest spike in over a decade
[MOSCOW] Russian inflation reached 16.7 per cent in February as lower oil prices and Western sanctions over Ukraine caused the biggest jump in prices over one year since 2002, the state statistics service said Thursday. …read more Source: The Business...
Budget and reform plans put Ukraine on track for IMF aid, says G7
[BERLIN] The International Monetary Fund and Group of Seven leading economic powers on Wednesday praised the Ukrainian government’s determination to reform the economy against all odds, with the G7 saying Kiev’s new draft budget should put it on track for an IMF-led bailout. …read more Source: The Business...
Germany at the centre of twin European crises, but reluctantly
GERMANY has become Europe’s indispensable nation, at the centre of crises over Ukraine and Greece. But a country uncomfortable with leadership, often labelled a reluctant hegemon, has had a rocky month. …read more Source: The Business...
Ukraine central bank abruptly reverses currency trading ban
[KIEV] Ukraine’s central bank unexpectedly banned most currency trading on Wednesday, only to abruptly reverse the decision overnight, causing havoc in the market for the plunging hryvnia. …read more Source: The Business...
Moscow lying 'to my face,' says Kerry
[WASHINGTON] US Secretary of State John Kerry on Tuesday accused Russian leaders of lying “to my face” about Moscow’s involvement in the conflict in Ukraine and denounced what he called Russia’s “propaganda.” …read more Source: The Business...
Moody's downgrades Russia debt to 'junk' level
[WASHINGTON] Moody’s cut Russia’s debt rating by one notch into ‘junk’ territory Friday, saying the Ukraine crisis and the fall in oil prices and the rouble will further undermine Russia’s economy. …read more Source: The Business...
IMF confident US$40b package for Ukraine will come together
[WASHINGTON] The International Monetary Fund on Thursday said it is confident Ukraine should get an overall US$40 billion financing package to support its economy, without providing details about the breakdown of funds. …read more Source: The Business...
