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Russia and the global economy

​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

US sanctions hurt Europe more than America
The Association of European Businesses (AEB), a Moscow-based business lobby, said that new US sanctions against Russia have a more severe effect on European than on American business.

18.07.2014 07:34

​Putin's L.America 'big tour', deals done
A six-day tour by Russian President Vladimir Putin to Latin America ended with a long anticipated creation of the BRICS bank and the signing of energy agreements, as Russia looks to build alliances to counter Western influence.

17.07.2014 10:45

Listen to the sound of the Global South
The BRICS summit in northeast Brazil has already made history for one key reason; the creation of the New Development Bank.

17.07.2014 10:38

Current Rosneft and Exxon projects unaffected by sanctions – Rosneft CEO
ExxonMobil and Rosneft will continue to do business as usual under new US sanctions, Igor Sechin, the CEO of Rosneft Russia’s largest oil producer said on Thursday.

17.07.2014 07:11

BRICS establish $100bn bank and currency pool to cut out Western dominance
The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar.

15.07.2014 17:24

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