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Section: Asia

    Russia facing very serious economic situation: US
    Dec17

    Russia facing very serious economic situation: US

    Washington: The US today said that Russia is facing a serious economic situation in view of a sharp decline in Russian currency and attributed this to a series of international sanctions imposed by Washington after Moscow’s actions in Ukraine.”The combination of our sa.. …read more Source: India...

    Russia’s sinking economy becoming a global threat
    Dec17

    Russia’s sinking economy becoming a global threat

    WASHINGTON — RWith economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged fromRussia’s shriveled currency, its move to dramatically boost interestrates, the damage from plummeting oil prices and Western sanctions over Russia’s action in Ukraine. The alarming 10 percent drop in the ruble...

    Obama will sign new Russia sanctions bill–White House
    Dec17

    Obama will sign new Russia sanctions bill–White House

    WASHINGTON — US President Barack Obama will sign into law a bill passed by Congress to tighten sanctions against Russia over its actions in Ukraine, the White House said Tuesday, amid a dramatic run on the ruble. “The president does intend to sign the bill,” spokesman Josh Earnest told reporters, while adding “it does...

    European Union ‘United’ on Ukraine Despite Split Over Russia Sanctions
    Dec17

    European Union ‘United’ on Ukraine Despite Split Over Russia Sanctions

    The European Union’s foreign policy chief said Tuesday the 28-nation bloc would stay united on Ukraine despite pressure from some members to drop or ease its sanctions on Russia. …read more Source:...

    Russia grapples with shock ruble fall
    Dec17

    Russia grapples with shock ruble fall

    MOSCOW, Russia — The Russian currency crashed to unprecedented lows Tuesday trading at 80 rubles to the dollar and 100 to the euro, testing Vladimir Putin’s ability to ride out both the economic storm and his clash with the West. Moscow’s midnight move to raise interest rates to 17 percent failed to arrest the collapse of the...

    White House says Obama will sign Russia sanctions bill
    Dec17

    White House says Obama will sign Russia sanctions bill

    US President Barack Obama will sign into law a bill passed by Congress to tighten sanctions against Russia over its Ukraine incursion, the White House said Tuesday amid a dramatic run on the ruble. “The president does intend to sign the bill,” spokesman Josh Earnest told reporters, while adding “it does preserve the...

    President Obama will sign Russia sanctions bill: White House
    Dec17

    President Obama will sign Russia sanctions bill: White House

    December 17, 2014 7:55 AMWASHINGTON (AFP, REUTERS) – US President Barack Obama will sign into law a bill passed by Congress to tighten sanctions against Russia over its Ukraine incursion, the White House said Tuesday amid a dramatic run on the ruble. …read more Source: The Straits...

    Obama backs bill imposing new sanctions on Russia
    Dec17

    Obama backs bill imposing new sanctions on Russia

    President Barack Obama will sign legislation imposing new economic sanctions on Russia, the White House said Tuesday, as the U.S. claimed some credit for sparking Moscow’s roiling currency crisis and moved to deepen the pain.Still, White House officials acknowledged there were no guarantees Russia’s economic woes and another round of...

    Russia’s sinking economy becoming a global threat
    Dec17

    Russia’s sinking economy becoming a global threat

    Russia’s suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy.With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia’s shriveled currency, its move to dramatically boost interest rates, the damage from plummeting oil...

    Obama to sign Russia sanctions bill, White House says
    Dec17

    Obama to sign Russia sanctions bill, White House says

    U.S. President Barack Obama intends to sign into law a bill that will ratchet up sanctions on Russia and provide additional assistance to Ukraine, the White House said on Tuesday. …read more Source: China Internet Information...

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