Section: Latest news

      Terrorists shell Ukrainian positions 36 times in past 24 hours
      Nov25

      Terrorists shell Ukrainian positions 36 times in past 24 hours

      Militants operating in Donbas have shelled Ukrainian positions 36 times over the past 24 hours, the press center for the anti-terrorist operation has reported. “There were thirty-six cases when militants opened fire. The shelling was carried out with the use of artillery guns, mortars, and Grad multiple rocket launchers,” reads the...

      Russia suspends coal supplies to Ukraine – Prodan
      Nov25

      Russia suspends coal supplies to Ukraine – Prodan

      Russia has suspended supplies of coal to Ukraine, the press service of the Ukrainian Energy and Coal Industry Ministry reported on Monday, citing Energy Minister Yuriy Prodan. “According to the information obtained by the Ukrainian Energy and Coal Industry from Centrenergo and DTEK, coal supplies from Russia have been suspended,”...

      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...

      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...

      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...

      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...