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Russia and the global economy

European Union agrees on Russian sectoral sanctions – top EU officials
The EU has agreed on a new package of sanctions against Russia targeting the military, oil and finance sectors, according to a joint statement by the presidents of the EU Commission and Council.

29.07.2014 08:22

Hague court had no authority in Yukos case, ruling politicized – Moscow
The Hague’s arbitration court was not legally empowered to view the case of Yukos Oil Company v. Russia, and the court’s “one-sided” ruling disregards previous Strasbourg court decisions on the issue, the Russian Finance Ministry said in a statement.

28.07.2014 17:01

Some antibiotics with your Сheeseburger? Russia regulator probes McDonald’s
Russia’s consumer watchdog Rosselkhoznadzor has opened an investigation into the quality of food products used at McDonald’s, in addition to a lawsuit that could ban some signature products from the Russian market, curtailing operations.

28.07.2014 09:41

‘Yukos judgment marks true divorce between Russia and the West’
​The decision by the International Arbitration Court in the Netherlands is a political one and there is no mechanism that I am aware of for enforcing Russia to make the $50bn payment, energy asset manager Eric Kraus told RT.

28.07.2014 12:33

‘Mega-arbitration’: Court orders Russia to pay $50bn in Yukos case
The International Arbitration Court in the Netherlands has ended a decade long case brought by shareholders in the defunct Yukos oil company, and ordered Russia to pay about $50 billion in damages.

28.07.2014 08:23

​EU sanctions on Russian finance could cripple London
The EU plans to widen economic sanctions against Russia, but London, already on rocky ground with the EU, would be hit the hardest if tougher restrictions are slapped on Russia’s big state banks.

25.07.2014 12:56

Ukraine votes to keep Western companies out of gas industry
Ukraine’s parliament has rejected allowing EU and US companies to buy up to 49 percent of oil and gas company Naftogaz, and also said they were against liquidating the national energy monopoly.

25.07.2014 09:29

EU adds 15 people, 18 firms to sanctions list over Ukraine crisis
The European Commission added new names and companies to its blacklist on Thursday over the Ukrainian crisis, according to diplomats. However, 'stage three' economic sanctions against Russia have again fallen flat.

24.07.2014 12:44

Russia may axe Gazprom pipeline monopoly
Gazprom may lose its gas export via pipeline monopoly after Russian President Vladimir Putin asked the government to consider allowing other producers to get a piece of the burgeoning Asia export market.

23.07.2014 10:46

$200 per barrel oil if Russia sanctions escalate- Oxford Economics
If the standoff with Russia and the West reaches a point where the EU has to completely cut trade with Russia, oil prices could soar above $200 per barrel, sparking a global economic crisis, says Adam Slater, senior economist at Oxford Economics.

23.07.2014 08:03

Turkey and Russia discuss Customs Union collaboration
Stalled progress towards EU membership has shifted Turkey’s economic interest, and it is now looking for closer cooperation with Russia’s Customs Union, Economic Development Minister Aleksey Ulyukayev said.

21.07.2014 07:00

Russia ‘solid’ enough to fend off US sanctions – finance expert to RT
Russian firms and banks that fell under new US sanctions have enough funds to ride out the restrictions, Aleksandr Prosviryakov, a partner at Lakeshore International, an asset management firm, told RT in Moscow.

18.07.2014 13:09

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