Section: Business Insider (USA)
Ukraine summit agrees ceasefire, withdrawal of weapons: Putin
Minsk (AFP) – Russian President Vladimir Putin said on Thursday that he and the leaders of France, Germany and Ukraine had agreed on the withdrawal of heavy weapons from Ukraine’s frontlines and a ceasefire to begin from February 15.”We have managed to agree on the main things,” a visibly pleased Putin told reporters in...
The 10 most important things in the world right now
Good morning! Here’s what you need to know for Thursday. 1. The International Monetary Fund has agreed to a $40 billion (£26.2 billion) bailout for Ukraine’s economy. 2. Greece rejected a deal over its debt crisis at an emergency meeting of Europe’s finance ministers on Wednesday. 3. US President Barack Obama has...
IMF, Ukraine in deal for $17.5 bn bailout: Lagarde
Brussels (AFP) – The International Monetary Fund and conflict-torn Ukraine have reached a preliminary deal on a new financial rescue plan worth $17.5 billion dollars that could be a “turning point” for Kiev, Christine Lagarde said Thursday.Talks have been underway in Kiev for days to reach an agreement on Ukraine’s fourth...
Ukraine’s struggling state is getting a $40 billion international bailout
Ukraine is getting a massive IMF bailout to prop up its struggling public finances, announced early Thursday. Here’s the full text of IMF managing director Christine Lagarde’s statement, and here’s the crucial bit: I am pleased to announce that the IMF team working in Kiev has reached a staff-level agreement with the Ukrainian...
‘Unacceptable’ Russian conditions at Minsk summit: Poroshenko
Minsk (AFP) – There is “no good news yet” from a marathon four-way peace summit in Minsk, Ukrainian President Petro Poroshenko told AFP on Thursday, as Russia is imposing “unacceptable” conditions.”Unfortunately there’s no good news yet,” Poroshenko said of the talks involving the leaders of Russia,...
10 things you need to know before European markets open
Nothing official came out of yesterday’s tense Eurogroup meeting. Greece and its eurozone partners are still at odds on how to handle Athens’ finances after a bailout deal expires this month, with sources offering conflicting versions of the eventual outcome of a Eurogroup finance ministers’ meeting on Wednesday. Two official...
Here’s Putin rubbing his hands together after addressing Ukraine’s president at peace talks
Ukrainian President Petro Poroshenko and his Russian counterpart reluctantly shook hands before sitting together with Germany’s Merkel and France’s Hollande to broker a deal on Ukraine in Minsk, Belarus, on Wednesday. Since the fight began 10 months ago in east Ukraine, more than 5,300 people have died, the AP reports. Ukraine blames...
Obama describes how he views Putin and Russia
President Barack Obama explained in an interview with BuzzFeed that he thinks Russian President Vladimir Putin views everything through a Cold War lens. BuzzFeed pointed out to the president that Obama had a good relationship with former president and current Prime Minister Dmitry Medvedev, but that relations with Russia are now at their worst...
US Army commander for Europe: Russian troops are currently fighting on Ukraine’s front lines
Russian troops are directly engaged in fighting in Ukraine along the front lines of the critical town of Debaltseve, US Army Europe commander Ben Hodges said on Wednesday. “It’s very obvious from the amount of ammunition, type of equipment, there’s direct Russian military intervention in the Debaltseve area,” Hodges said...
Russia’s oil industry is getting ‘crushed’
The combination of low oil prices and international economic sanctions have thrown Russia’s oil industry into chaos. Oil production in the country was expected to exceed 11 million barrels a day by 2019 but is now expected to fall to below 10.5 million barrels over the next five years, according to a new report from the International Energy...
