Section: International Business Times (USA)
Russian Officials Scramble For Solutions As Low Oil Price And Economic Problems Bite
MOSCOW — Sergei Glazyev has made his name with a series of forthright and frequently outlandish proclamations on everything from intervention in Ukraine and Syria to Russia’s dwindling oil profits. Tuesday proved no different as the hawkish economic adviser to President Vladimir Putin told reporters in the Russian capital that currency...
Moldova, The New Ukraine: Pro-Russian Street Protests in Moldova Set to Escalate
MOSCOW — On the surface, huge anti-government demonstrations in Moldova, the poorest country in Europe, are mirroring recent events in Ukraine when violent standoffs in the capital, and then in the country’s south and east, were defined by allegiance to either Moscow or the European Union. But things in this former Soviet republic are more...
Amid East Ukraine War, Kiev Reduces Gas Supplies From Russia
Amid continued diplomatic strain with Russia, Ukraine announced plans Wednesday to significantly reduce the amount of gas it buys directly from its eastern neighbor — and double what it takes from Europe. Since November last year Kiev had refused to buy Russian gas because of the high price and instead relied on cheaper gas from Europe....
Russia And Ukraine Again Rank As Most Corrupt Nations In Eastern Europe
With deteriorating economic ties and an ongoing conflict in Eastern Ukraine, one of the few things Ukraine and Russia have left in common is corruption. The two countries rank as the most corrupt states in Eastern Europe in the latest international corruption rankings released late Tuesday by non-governmental organization Transparency...
Ukraine, Poland And Lithuania Create Military Brigade Amid Russian Regional Aggression
Troops from Lithuania, Poland and Ukraine will form a new brigade that will take part in peacekeeping missions and help Kiev increase its military abilities, the Associated Press reported Monday. The brigade is scheduled to be operational in 2017 as Eastern European states continue to worry about Russian aggression in the region. …read more...
Romania Offers $65M Loan To Moldova To Prevent Economy’s Collapse; Sets Reforms As Condition
Romania offered a loan of 60 million euros ($65 million) to the government of Moldova Tuesday to prevent the latter’s economy from collapsing. The former Soviet republic lies between European Union members Ukraine and Romania, and is the poorest country in Europe. …read more Source: International Business...
Oil Price Woe Pushes Russian Economy to 3.7% Contraction in 2015, Hits Country’s Poorest
MOSCOW — The Russian economy in 2015 recorded its biggest contraction for more than half a decade as it shrank by 3.7 percent, according to official figures released Monday. Russia has come under pressure from a collapse in oil prices, dramatic currency volatility and Western sanctions over Ukraine. Ordinary Russians suffered acutely in the...
Russia Boosts Military Presence In Response To Increasing NATO Drills In Eastern Europe
The Russian military will strengthen its presence in the country’s western and central region in 2016 as a response to the intensifying NATO drills amid the Ukraine crisis. NATO forces have increased their presence in eastern Europe since Russia’s annexation of Crimea in 2014, a move that triggered strong opposition from Western...
Russia-Ukraine Trade War Update: Economic Embargo Has 70 More Products Added To List
Ukraine has announced scores of additional Russian products will be tacked on to an existing list of embargoed goods as the trade war between the neighboring countries escalated further Wednesday, local media reported. The move comes one day after French and German diplomats met with Ukrainian President Petro Poroshenko in an effort to end the...
Amid Russian Aggression, Germany Calls For Russia-NATO Talks And Poland Asks For More Troops
As Central and Eastern European states remain nervous over Russia’s actions in Ukraine, Germany’s foreign minister has called for the Kremlin and NATO to hold more talks, Russian state-owned media reported Tuesday. The call comes after Poland urged NATO to deploy more troops and equipment in the region due to Russian aggression....
