Section: The United Kingdom
Russia crisis: how much have sanctions hurt Moscow?
Credits: KIRILL KUDRYAVTSEV/AFP/GettyAlt Text: A woman walks past a board listing foreign currency rates outside an exchange office in central Moscow Analysts estimate sanctions have cost Russia $140bn this year and Moscow’s ultra-rich $51.4bn Briefing Wednesday, December 17, 2014 – 11:43am See related: How to invest for the new Cold...
EU to tighten sanctions on Crimea in time for leaders summit: officials
BRUSSELS (Reuters) – The European Union will widen its ban on investment in Crimea to target Russian Black Sea oil and gas exploration, EU officials said on Wednesday, tightening sanctions first imposed over Moscow’s annexation of the region. …read more Source:...
Microsoft co-founder Bill Gates reminds us of the good news of 2014
As a year seemingly filled with unrest, disease, and death comes to an end – from the rise of Isis, to revolution in Ukraine and the spread of Ebola – billionaire business magnate Bill Gates has compiled a list of positive news stories that got buried. …read more Source: The...
Russia says arms for Kiev won’t help solve Ukraine crisis: RIA
MOSCOW (Reuters) – A deputy Russian foreign minister declared on Tuesday that supplying weapons to Kiev would not help solve a crisis in east Ukraine, after the White House said U.S. President Barack Obama would sign corresponding legislation this week. …read more Source:...
US risks EU rift on new Russia sanctions
Obama sets stage for tougher set of Iran-style penalties if Ukraine crisis escalates …read more Source: Financial...
Obama ‘intends to’ sign new Russian sanctions bill – video
A White House spokesman says the US president will likely sign a bill implementing new sanctions on Russia by the end of the week. The Ukraine Freedom Support Act was passed by Congress on Saturday, and will see more pressure put on Vladimir Putin. Josh Earnest moved on to offer condolences to those affected by the Taliban attack at a school in...
Tripoli-based government releases foreign airmen held in Libya
TRIPOLI (Reuters) – Libya’s rival government released four air crew members from Ukraine, Russia and Tajikistan who had flown into the North African country from the United Arab Emirates without permission, officials said on Tuesday. …read more Source:...
Russia hikes interest rate to 17 PER CENT in effort to prevent collapse of rouble
The announcement was made at 1am Moscow time and comes after the rouble’s value sunk 50 per cent since January – battered by plunging global oil prices and Western sanctions over Ukraine. …read more Source: Daily...
Wrecking Russia’s economy could be a disaster for the west | Angus Roxburgh
It’s sheer folly to hope that the country is destabilised and Vladimir Putin overthrown. We’ve no idea what the outcome would beLike a rudderless ship running out of fuel and buffeted in an icy storm, the Russian economy looks as if it is heading for a crash. All the graphs – the rouble-dollar rate, the slump in GDP, bank interest...
David Cameron blames Vladimir Putin’s Ukraine aggression for Russia’s economic crisis
The Central Bank of Russia raised interest rates from 10.5% to a staggering 17% in a doomed bid to halt the currency’s decline …read more Source:...
