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Communists urge state control on food prices
A group of Communist Party MPs have drafted a bill that would toughen state control over food prices as the media warned of speculators’ attempts to take advantage of the situation with sanctions on US and European food products.

28.08.2014 09:16

​Switzerland mirrors EU sanctions against Russia
Switzerland has issued an expanded sanctions list against Russia which includes 5 banks, several companies and 11 Russian citizens. The move comes as the country doesn’t want to be used to bypass European sanctions on Moscow.

28.08.2014 07:18

German consumers see economic development ‘under threat’ - survey
A new survey by the German market research institute GfK found that consumer confidence is waning in Europe’s largest economy, as economic expectations have “collapsed” following international crises.

27.08.2014 10:49

Russia will lift food ban when national security no longer a threat
Russia’s food embargo, imposed in response to Western sanctions, will not be reversed until Moscow decides the country’s national security is no longer at risk, said Russian Deputy Prime Minister Arkady Dvorkovich.

27.08.2014 14:08

​Russia may extend Visa and MasterCard deadline to Jan 1
Russia’s Finance Ministry is ready to extend by two months the deadline for international payment systems Visa and MasterCard to set up domestic processing for Russian card holders, according to Deputy Minister Alexei Moiseev.

27.08.2014 12:19

Anti-Russian rhetoric pre-dated Ukraine crisis, Moscow does not want spats - Lavrov
Russia’s Foreign Minister Sergey Lavrov said that the West started its “irrational attacks on Russia long before” this spring’s events in Ukraine, but insisted that Moscow is seeking to avoid “spiraling sanctions” with the EU and the US.

27.08.2014 13:07

​Russian Central Bank proposes regulating foreign rating agencies
Foreign rating agencies may need to set up subsidiaries in Russia instead of branches or representative offices, so their operations could be subject to Russian legislation. It is seen as another attempt by Russia to better control its domestic finances.

26.08.2014 06:35

Ukraine’s transition to EU trade will cost €165bn - Putin
Switching over to EU trade standards and nixing duty-free trade with Russia will cost Ukraine €165 billion over the next 10 years, President Putin warned at a meeting with President Petro Poroshenko in Minsk on Tuesday.

26.08.2014 12:38

​Russia will do whatever necessary to protect its legitimate interests – Lavrov
Russia doesn’t want to escalate tit-for-tat sanctions with the West, but is ready to do whatever is necessary to protect its legitimate interests, including those of national security in all its dimensions, Russia’s FM told The Daily Telegraph.

25.08.2014 21:06

Shell's ex-CEO says sanctions on Russia don't work
The former head of Royal Dutch Shell, Jeroen van der Veer, has said sanctions on Russia just “lead to frustration”, as they did not produce their desired effect and led to more sanctions.

25.08.2014 10:41

Russia’s food sanctions have “benign” effect on economy – S&P
Standard & Poor's Ratings Services said Russia’s one-year embargo on agriculture imports will not hurt domestic retailers’ credit ratings.

25.08.2014 08:16

Communists say Russia should throw off ‘strangling noose’ of WTO
Communist Party MPs have prepared a bill detailing Russia’s exit from the World Trade Organization, claiming membership leads only to problems and promotes attempts at the ‘external management’ of the national economy.

25.08.2014 07:37

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