Russia and the global economy

Moscow Halts Gas Supplies as Kiev Suspends Russian Gas Purchases

RT | July 1, 2015 Gazprom has confirmed the suspension of gas supplies to Ukraine from 10:00am MSK on July 1. Russia’s gas monopoly will not supply gas to Kiev without prepayment, no matter what price, said company CEO Aleksey Miller on Wednesday. After trilateral Russia-EU-Ukraine gas talks in Vienna failed on Tuesday, Ukraine’s Naftogaz […]

Canada adds Russia’s Rosneft, Rostec CEO to sanctions list

RT | February 18, 2015 Canada has added Russia’s largest oil producer Rosneft, and the CEO of Rostec, to a sanctions blacklist along with 37 Ukrainians and 17 Russian and Ukrainian organizations. They are all covered by economic sanctions and travel bans. It’s a coordinated move with the European Union and the United States, who […]

European businesses call for no more sanctions

RT | September 4, 2014 The Association of European Businesses has urged the governments of the European Union and Russia to protect foreign investors from any “further retaliatory measures.” The Moscow-based lobby group represents the interests of more than 600 European businesses in Russia, and has written a letter to all 28 heads of state […]

Latvia urges Europe to stop ‘war of sanctions’ before it ruins world economies

RT | August 19, 2014 The “right steps” politicians in the West and Russia are now taking against each other are very similar to what was happening before World War I, Latvian MEP Andrejs Mamikinsh warned EC President Jose Manuel Barroso in a letter Tuesday. It’s crucial to stop reciprocal sanctions before they throw people […]

Bulgaria halts South Stream gas pipeline project for second time

RT | August 18, 2014 All operations on Russia’s Gazprom-led project South Stream have been suspended, as they do not meet the requirements of the European Commission, Bulgaria’s Ministry of Economy and Energy said on its website. “Minister of Economy and Energy Vasil Shtonov has ordered Bulgaria’s Energy Holding to halt any actions in regards […]

Ukraine’s Parliament adopts law allowing sanctions against Russia

RT | August 14, 2014 Ukraine’s parliament adopted Thursday legislation allowing more than 20 sanctions to be applied against Russia, including a halt to energy transit through the country. The new law on international sanctions was supported by 244 members of parliament, with 226 votes needed for a majority. The adoption of the legislation doesn’t […]