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Section: Asia

    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...

    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...

    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...

    Ruble collapse shakes Russian economy, consumers
    Dec17

    Ruble collapse shakes Russian economy, consumers

    Russian President Vladimir Putin faces a major new challenge after a catastrophic fall in the value of the ruble, which hit a new low Tuesday despite the Central Bank’s desperate efforts to halt the selling.On the streets of Moscow, panicky consumers rushed out to buy home appliances before they became even more expensive.Putin’s...

    Ukraine slams Russia over Crimea nuclear weapons comment
    Dec17

    Ukraine slams Russia over Crimea nuclear weapons comment

    Russia would violate international agreements if it placed nuclear weapons in Crimea, which it annexed from Ukraine, Ukrainian Prime Minister Arseny Yatseniuk said on Tuesday. Russian Foreign Minister Sergei Lavrov appeared to reserve the right for Russia to put nuclear weapons in Crimea in comments to Russia’s Interfax news agency on...

    EU to 'ban investment in Crimea'
    Dec17

    EU to 'ban investment in Crimea'

    [BRUSSELS] The European Union is to ban all investment in Crimea, annexed by Russia in March, to keep up the pressure on Moscow and show that the issue is not being forgotten, EU diplomatic sources said Tuesday. …read more Source: The Business...

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