With Moscow declaring in the coming years that it will divert its gas supplies away from Ukraine and through Turkey to supply Europe, Ankara said it is a step closer to its goal of being a major gas hub. But critics point out Turkey still has many hurdles to overcome. By Dorian Jones The deepening crisis … Continue reading
As the Ukrainian National Bank introduces new capital controls, this time for businesses, and raises interest rates, the country’s economy slides into Zimbabwe-grade hyperinflation, as measured by the Cato Institute. There are five main reasons why. By Sputnik News A recent Cato Institute study cited in a Washington Post blog claims that Ukraine’s inflation rate is … Continue reading
India has proposed creating a free trade zone with the Eurasian Economic Union (EEU*). “The question was raised by India, which is now considering a free trade agreement with the Eurasian Economic Union. This is a new level in our relationship. The possibility is being discussed,” Alexey Pushkov, head of the International Committee of Russian State Duma … Continue reading
By Pepe Escobar Winston Churchill once said, “I feel lonely without a war.” He also badly missed the loss of empire. Churchill’s successor – the ‘Empire of Chaos’ – now faces the same quandary. Some wars – as in Ukraine, by proxy – are not going so well. And the loss of empire increasingly manifests itself … Continue reading
“The number of Russian citizens who support Russian President Vladimir Putin has risen to 86 percent, while a month ago it was 85 percent, according to the results of a survey carried out by the Levada Center, an independent Russian polling and sociological research organization” Ukraine Today reported. Poll date: February 2015 Number of questioned people: 1,600 … Continue reading
The U.S. government has reportedly ‘donated’ 45 Mine Resistant Ambush Protected (MRAP) vehicles to the Polish Army, Xinhua reported on Wednesday, citing the Polish Press Agency. But what is the catch? The U.S. has been scaling down its military operations in Afghanistan, and they have been looking for ways to get rid of its surplus military equipment. One solution: … Continue reading
China will amend a $3.6 billion loan agreement with Ukraine that was signed in 2012 to provide the nation with much needed additional funding for various projects in the nation’s energy sector, RT reports. According to a statement released on Thursday, The National Bank of China has agreed to extend a loan for a range of projects with Ukraine’s cash-strapped Naftogaz. … Continue reading
Russia will cut off gas supplies to Ukraine if Kiev fails to pay in “three or four days” and “will create a problem” for gas transit to Europe, Russian President Vladimir Putin told reporters following talks with the president of Cyprus on Wednesday, RT reports. “Gazprom has been fully complying with its obligations under the Ukraine gas … Continue reading
By Eric Zuesse U.S. President Barack Obama apparently is going ahead with his plan for NATO missiles to be placed in Ukraine aimed against Moscow, but found a way to do it that won’t violate the warnings by Russia’s President Vladimir Putin against Washington’s directly supplying those arms to Ukraine (such as is demanded of Obama … Continue reading
Ukraine is set to buy what it calls “defensive weapons” from the United Arab Emirates (UAE) as Western nations have been hesitant to provide arms to aid Kiev’s forces against separatists. Ukrainian President Petro Poroshenko announced on Tuesday that a deal on military and technical cooperation with the UAE had been reached during his visit to the International … Continue reading