Russia has nothing against other CIS member states building closer ties with Europe, the only thing it insists on is that its allies properly discuss the possible economic risks to the Russian economy, President Putin said at the summit in Minsk.
The Russian ruble has lost more than 20 percent against the US dollar since the beginning of the year, but what does that really mean, for Russia, its people, and economy? RT talks to Ben Aris, Editor-in-Chief of Business New Europe, to find out.
The US Treasury Department has taken a bank off its “naughty” list, Turkey’s DenizBank, a subsidiary of Sberbank. Russia’s largest bank was placed under sanctions in September, and now DenizBank is no longer blocked from American capital markets.
Naftogaz, Ukraine’s biggest natural gas company, has signed a deal with Norway’s Statoil and started receiving shipments, arriving just in time to possibly save Kiev from an energy crisis before winter. Experts in Moscow doubt the legality.
Poland, Hungary, and Slovakia have together re-exported 1.7 billion cubic meters of Russian gas to Ukraine, Gazprom, Russia’s biggest gas exporter said Friday, questioning the legality of the practice.
President Putin said Russia isn’t planning on controlling foreign currency flows, putting to rest rumors that the weakening ruble would force the Central Bank to limit the free movement of currency across its borders.
VTB, Russia's second-largest bank, has responded to Ukraine’s doubt as to the legality of the bank’s role in a $3 billion bond purchase last December to help Kiev’s ailing economy. Such claims are "baseless" the bank said in a statement on Friday.