Russia freezes gas supplies to Ukraine July 1, 2015 Russian gas company Gazprom announced today that it has stopped all natural gas supplies to Ukraine, after a bid to hash out a quarterly price agreement between the two countries fell through. "Ukraine did not pay for July gas supplies," Gazprom said in a statement. "Gasprom halted gas supplies to Ukraine from 10am (7.00am GMT) [...]
Rouble dips as EU leaders agree to extend sanctions on Russia June 17, 2015 The rouble fell 0.4 per cent against the dollar to $0.01848 in the early afternoon after reports suggested ambassadors from all 28 EU member states had agreed to extend sanctions against Russia by six months. Reuters reported sources saying the sanctions, which were due to expire in July, will run until January next year. Imposed [...]
Greek Prime Minister Alexis Tsipras to meet Vladimir Putin on 18 June, as fears grow Greece could break Ukraine sanctions June 6, 2015 Greece last night played a new card in the tense stand-off with its creditors and turned to Russia for help, reigniting fears the country could break EU sanctions over Ukraine. Greek Prime Minister Alexis Tsipras said the austerity measures leveled at his country were “absurd.” He said the Eurozone and the IMF – Greece’s creditors [...]
Nick Clegg and seven other British officials named on Russian black list May 31, 2015 Eight British officials have been named on a Russian list of European politicians and military leaders who have been banned from the country. The list was compiled by the Russian foreign ministry and handed to an EU delegation in Moscow this week. A document, leaked in Germany, lists of 89 Europeans who are banned from the country, [...]
Putin praises David Cameron for 7 May win but talk on Ukraine crisis remains icy May 25, 2015 Prime Minister David Cameron received a rare phone call yesterday when Russian president Vladimir Putin rang Number 10 to congratulate Cameron on the Conservatives’ success at the General Election. According to Downing Street, the two leaders spoke about Syria and the Ukraine during the 30-minute phone call. A Number 10 spokesperson said that Cameron and [...]
The Ukraine crisis has cost Russian banks $5bn – that’s 25 per cent of their revenues April 13, 2015 The Ukraine crisis has hit Russian banks to the tune of somewhere between $4bn and $5bn, credit ratings agency Standard & Poor's reckons. That's between a fifth and a quarter of their total operating revenues. It's hardly surprising that the crisis has cost lenders money – but what is surprising is that S&P believes there [...]
A year after Russia’s annexation of Crimea, has the West managed to contain Vladimir Putin? March 16, 2015 Timothy Ash, head of emerging market research (excluding Africa) at Standard Bank, says Yes To answer this, one has to understand Vladimir Putin’s overall long-term strategic objectives regarding Ukraine. If they are threefold – no EU, no Nato and no successful Maidan administration in Kiev – then the Russian President has unfinished business. The combination [...]
The Germans want an EU army, but Britain is against it March 8, 2015 Jean-Claude Junker has called for the creation of an EU army, saying it would help the bloc be taken more seriously across the world. The President of the European Commission believes it will deter threats from Russia, which have escalated since the start of the Ukraine crisis. "With its own army, Europe could react [...]
Boris Nemtsov murder: Two arrested say Russian authorities March 7, 2015 Russia has announced that two men have been arrested in connection with the murder of politician Boris Nemtsov. Alexander Bortnikov, the head of the Federal Security Service (FSB), announced on Russian television that Anzor Gubashev and Zaur Dadayev were arrested this Saturday. Russia has been in a state of shock since the opposition politician was [...]
Ukraine hikes interest rates to 30pc to stem runaway inflation March 3, 2015 Ukraine has hiked interest rates by whopping 10.5 percentage points to 30 per cent. The war-torn country's central banks took the dramatic step to tackle runaway inflation and a weak currency. So far this year Ukraine's currency, the hryvnia, looks set to replicate its position last year as the world's worst performing currency. The hryvnia [...]