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Section: Asia

    Russia to sue Ukraine over default on $3bn debt
    Jan01

    Russia to sue Ukraine over default on $3bn debt

    MOSCOW – Russia’s finance ministry said Friday it was suing Ukraine for defaulting on a $3-billion debt to Moscow, following an order by President Vladimir Putin. …read more Source: Bangkok...

    Amid maritime disputes, China confirms building second carrier
    Jan01

    Amid maritime disputes, China confirms building second carrier

    China’s first aircraft carrier, which was renovated from an old aircraft carrier that China bought from Ukraine in 1998, is seen docked at Dalian Port, in Dalian, Liaoning province September 22, 2012.REUTERS/STRINGER After months of speculation, China confirmed on Thursday it is building a second aircraft carrier to go with an existing one...

    Russia says Ukraine defaulted on US$3 billion Eurobond
    Jan01

    Russia says Ukraine defaulted on US$3 billion Eurobond

    Russia will file a lawsuit against Ukraine after Kiev failed to repay a US$3 billion (£2 billion) Eurobond and US$75 million of interest by Dec. 31, the Russian finance ministry said late on Thursday. …read more Source: Channel...

    Russia sues Ukraine over default on US$3 billion debt
    Jan01

    Russia sues Ukraine over default on US$3 billion debt

    Russia’s finance ministry said today it was suing Ukraine for defaulting on a US$3-billion debt to Moscow, following an order by President Vladimir Putin. Kiev is “in a state of default” regarding its obligations toward Moscow and legal proceedings would ensue, the ministry said. “Russia’s finance ministry has...

    Russia says Ukraine defaulted on $3 billion Eurobond
    Jan01

    Russia says Ukraine defaulted on $3 billion Eurobond

    MOSCOW (Reuters) – Russia will file a lawsuit against Ukraine after Kiev failed to repay a $3 billion (£2 billion) Eurobond and $75 million of interest by Dec. 31, the Russian finance ministry said late on Thursday. …read more Source: The...

    Russia announces lawsuit against Ukraine over default on $3-B debt
    Jan01

    Russia announces lawsuit against Ukraine over default on $3-B debt

    Russia’s finance ministry said it was suing Ukraine for defaulting on a $3-billion debt to Moscow, following an order by President Vladimir Putin. Ukraine’s capital Kiev is “in a state of default” regarding its obligations toward Moscow and legal proceedings would ensue, the ministry said. Russian President Vladimir Putin speaks...

    Global outlook: What to expect in 2016?
    Jan01

    Global outlook: What to expect in 2016?

    A photo taken on January 1, 2016 shows fireworks over the Erasmusbrug (Erasmus Bridge) during New Year’s Eve in Amsterdam. / AFP / ANP / robin utrecht / Netherlands OUT BEIJING – Bidding farewell to an eventful 2015, the world is embracing a new year on Friday. The following is a list of major political and economic events that are expected...

    EU-Ukraine trade deal comes into force, angers Moscow
    Jan01

    EU-Ukraine trade deal comes into force, angers Moscow

    Ukraine’s free-trade deal with the EU comes into effect on Friday, coinciding with the start of Moscow’s food embargo against Kiev that will force the impoverished former Soviet republic to revisit its economic model. The free-trade accord is part of the broader EU Association Agreement – signed at the end of June 2014 – and stands at...

    EU-Ukraine trade deal comes into force, angers Moscow
    Jan01

    EU-Ukraine trade deal comes into force, angers Moscow

    KIEV – Ukraine’s free-trade deal with the EU comes into effect Friday, coinciding with the start of Moscow’s food embargo against Kiev that will force the impoverished former Soviet republic to revisit its economic model. …read more Source: Bangkok...

    Crimea loses quarter of power, pylon blown up
    Jan01

    Crimea loses quarter of power, pylon blown up

    Moscow/Kiev, December 31 Crimea has lost at least one quarter of its power after Ukraine halted supplies, officials in the contested peninsula said today, a situation Ukrainian police blamed on unidentified saboteurs blowing up an electricity pylon. Crimea, which Russia seized from Ukraine in March last year, has suffered repeated power cuts...

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