Section: Latest news

      NATO Parliamentary Assembly says Russia is reason for conflict and crisis in Donbas
      Nov25

      NATO Parliamentary Assembly says Russia is reason for conflict and crisis in Donbas

      Russia’s intervention is the main reason for an armed conflict and a humanitarian crisis in the east of Ukraine. This is stated in a resolution of the 60th annual session of the NATO Parliamentary Assembly on supporting Ukraine’s sovereignty and democracy, which was approved in The Hague on Monday. The special rapporteur was deputy of...

      Sanctions, cheaper oil cost Russia

      Lower oil prices and Western financial sanctions imposed over the Ukraine crisis would cost Russia around $130 billion (R1 trillion) to $140bn a year – equivalent to about 7 percent of its economy – Finance Minister Anton Siluanov said yesterday. ||| Reuters MoscowLOWER oil prices and Western financial sanctions imposed over the Ukraine crisis...

      Huge Moscow mall opens as recession looms

      The opening in Moscow of Europe’s biggest shopping mall comes at an inopportune moment for investors backing the project. ||| Bloomberg MoscowTHE opening in Moscow of Europe’s biggest shopping mall comes at an inopportune moment for investors backing the project.The Aviapark mall opens its doors on Friday, just as Russia is headed...

      Poroshenko dismisses deputy SBU chief
      Nov24

      Poroshenko dismisses deputy SBU chief

      Ukrainian President Petro Poroshenko has signed a decree dismissing Andriy Levus as deputy chief of the Security Service of Ukraine (SBU). The decree was posted on the website of the head of state on Monday. Levus was dismissed from the post due to his election as a Ukrainian MP.

      Ukraine to buy one billion cubic meters of gas from Russia this year
      Nov24

      Ukraine to buy one billion cubic meters of gas from Russia this year

      Ukraine plans to buy one billion cubic meters of Russian gas by the end of 2014. Naftogaz of Ukraine CEO Andriy Kobolev said this on Monday, the Prime online news site reported. “We plan to buy one billion cubic meters of gas from Russia by the end of this year,” Kobolev said. As reported, Ukraine earlier planned to buy four billion...

      Russia loses $140 bln per year due to sanctions and oil prices
      Nov24

      Russia loses $140 bln per year due to sanctions and oil prices

      Russia loses about $40 billion a year due to sanctions and $90-100 billion due to a drop in oil prices. Russian Finance Minister Anton Siluanov said this at an international financial and economic forum, the Apostrophe online news site reported. “We lose about $40 billion a year because of geopolitical sanctions, and we lose about $90-100...

      Russia puts losses at R1.5 trillion

      Lower oil prices and Western sanctions will cost Russia around $130-140 billion (R1.5 trillion) a year. ||| Moscow – Lower oil prices and Western financial sanctions imposed over the Ukraine crisis will cost Russia around $130-140 billion (R1.5 trillion) a year – equivalent to around 7 percent of its economy – Finance Minister...

      iden, Davutoğlu: Energy Key to Resolving Security Challenges
      Nov24

      iden, Davutoğlu: Energy Key to Resolving Security Challenges

      Vice President Joe Biden and Turkish Prime Minister Ahmet Davutoğlu spoke at a special closing session of the 2014 Atlantic Council Energy and Economic Summit on the topic of European energy security. In the shadow of Russia’s annexation of Crimea and military intervention in Ukraine, Biden spoke of the need for Europe to diversify its...

      Russia puts annual losses at R1.5 trillion

      Lower oil prices and Western sanctions will cost Russia around $130-140 billion (R1.5 trillion) a year. ||| Moscow – Lower oil prices and Western financial sanctions imposed over the Ukraine crisis will cost Russia around $130-140 billion (R1.5 trillion) a year – equivalent to around 7 percent of its economy – Finance Minister...

      Terrorists trying to seize new territories
      Nov24

      Terrorists trying to seize new territories

      Pro-Russian terrorists do not reduce the intensity of shelling and are trying to seize a greater part of Ukrainian territory. Ukrainian National Security and Defense Council (NSDC) information and analytical center spokesman Andriy Lysenko said this at a briefing on Monday, a Ukrinform correspondent reported. “The intensity of shelling...