economy
Argentina's Ministry of Economy to Investigate Into Possible Debt-Related Fraud
US Advocate for Diplomatic Resolution of Ukrainian Conflict - Obama
00:29 02/08/2014The United States advocate for a diplomatic resolution of the Ukrainian conflict, the country's President Barack Obama said Friday.
Ukraine's President Expresses Hope for Compromise with Russia on Economic Issues
23:02 01/08/2014Ukrainian President Petro Poroshenko said on Friday that Kiev and Moscow could find a compromise on gas prices and other controversial issues in bilateral economic cooperation if both sides show enough resolve.
Germany to Suffer Most from Anti-Russian Sanctions - Analyst
22:34 01/08/2014Germany, Russia’s important trading partner, will be hit the hardest by the European Union's sanctions against Russia, Josef Yanning, Director of Studies at the European Policy Center in Brussels, said on Friday.
Russia to Seek Cancellation of EU Sanctions via WTO – Envoy to EU
17:38 01/08/2014The European Union’s latest sanctions against Russia contradict the rules of the World Trade Organization (WTO), and Russia will use the global trade body’s mechanisms to have them cancelled, Russia’s envoy to the EU said Friday.
US, EU Concerned by BRICS Becoming ‘Serious Factor’ in Global Politics – Russia’s EU Envoy
16:31 01/08/2014The BRICS group of emerging economies is becoming a “serious factor” in global politics and the European Union and the United States are concerned about it, Russia’s envoy to the EU Vladimir Chizhov said Friday.
EU Sanctions Against Russia Not to Help in Stabilizing Ukraine - Russia's Envoy to EU
14:58 01/08/2014Russian Envoy to the European Union Vladimir Chizhov said Friday that the EU’s sanctions against Russia are "shooting blanks" and will not help stabilize the Ukrainian crisis.
G7 to Block New World Bank Projects in Russia
13:38 01/08/2014The Group of Seven leading industrial nations are planning to vote against the approval of new World Bank projects in Russia, Bloomberg reported Friday, quoting government sources with a knowledge of the situation.
Sanctions Against Russia to Hurt Everybody, European Banking Crisis Possible - Analyst
11:03 01/08/2014The new and extended sanctions announced this week by Washington and Brussels will hurt everybody, and the impacts on the banking sector may be the most damaging, Andrew McKillop, a former chief policy analyst at the European Commission Directorate General for Energy told RIA Novosti.
Russian Sberbank Has All Resources to Work Under Conditions of EU Sanctions
01:23 01/08/2014Russian Sberbank regrets that the European Union imposed sanctions against it but has all the necessary resources to continue working under current conditions, bank’s statement issued Friday said.
Western Sanctions to Make Russia New-Level Power - Governor
21:07 31/07/2014Recently introduced western sanctions against Russia are to give the country a chance of becoming a power of an absolutely new level, although this is going to be a difficult path, Governor of the Krasnodar Territory Aleksander Tkachev said Thursday.
Kiev Spending Almost $6 Mln Daily on Military Operation in Ukraine’s Southeast
20:34 31/07/2014Ukrainian authorities spend 70 million hryvnias ($5.8 million) daily on conducting the special military operation in the southeast of the country, Ukrainian President Petro Poroshenko said at a parliament session Thursday.
EU Hits Five Major State-Run Russian Banks With Capital Market Restrictions
20:20 31/07/2014The European Union officially barred Russia’s biggest state-run banks – Sberbank, VTB, Gazprombank, Vnesheconombank and Rosselkhozbank – from raising financing on western capital markets Thursday.
Russia Could Face Recession by Year-End Due to Western Sanctions – Senator
19:07 31/07/2014Stiffer economic penalties on the Russian economy could push it into an early recession by the turn of the year, a senior Russian lawmaker warned Thursday.
Russia’s Rosneft, Norway’s NADL Can Proceed With Contract Despite Sanctions
18:26 31/07/2014New rounds of economic sanctions imposed on Russia by the United States and European Union will not infringe on the $4.25 billion contract between Russian oil giant Rosneft and Norwegian Seadrill’s subsidiary North Atlantic Drilling (NADL), because it was signed before the restrictions go into effect, said Seadrill’s CFO Rune Magnus Lundetrae.
US Arctic Technologies Export Restrictions to Have No Great Impact on Russia - Analysts
16:30 31/07/2014The impact of the newly-imposed US sanctions restricting the export to Russia of high-tech oil equipment needed in the Arctic, is not expected to be too dramatic, Russian analysts told RIA Novosti.
European Council Approves Economic Sanctions Against Moscow
15:28 31/07/2014The European Council has given its final approval to economic sanctions against Russia, the council said in a statement Thursday.
Ukraine’s Parliament Introduces 1.5% Military Tax
15:15 31/07/2014Ukraine’s parliament amended its tax laws to introduce a 1.5-percent military tax based on workers' income, Parliament Speaker Oleksandr Turchynov said Thursday.
Argentina Deliberately Defaults, Rejects Alternative Proposals - Reports
13:15 31/07/2014Argentina went into default deliberately, turning down a number of proposals made by the court-appointed mediator, Infobae.com local news website reported Thursday, citing a statement by hedge fund NML Capital.
New Sanctions Against Russia Will Hurt West Most - Media
11:46 31/07/2014The latest package of sanctions imposed by the United States and the EU against Russia will mostly hurt the West, thus solidifying Russian President Vladimir Putin’s positions, the BBC reported.