Russia heading back to recession as Ukraine turmoil hits business June 4, 2014 Russian private sector output has fallen at its fastest rate in five years, according to survey data released today, prompting some to suggest that the country is yet again facing recession. The HSBC purchasing managers' index, compiled by Markit, sees the Russian headline output index fall to a five year low of 47.1 in May. [...]
Mixed morning for Asian markets as Ukraine tensions ease May 27, 2014 Asian markets have had a mixed morning, with investors taking heart from the possibility of monetary easing in the euro area and the conclusion of Ukraine's presidential election without further interference from Russia. On Monday, Mario Draghi said the European Central Bank (ECB) was prepared to act and counter risks that may arise from low [...]
Ukraine crisis and warm weather hammer EU-Russia trade May 15, 2014 Trade between Russia and the EU slumped in the first three months of 2014, according to figures to be released by Eurostat on Friday, reports Euractiv. EU imports from Russia dropped nine per cent in the first quarter compared to the same period last year, with the volume of Russian imports standing at €49bn (£40bn), [...]