EMerging Equity
Crimea Annexation
Russia Feeling The Pinch of Cheaper Oil, Sanctions
Russia is now likely in recession with GDP growth expected to decline 3.4 percent this year, says the IMF in its annual economic assessment. Mission Chief Ernesto Ramirez Rigo, explains how Russia’s economic woes are largely due to the dramatic drop in oil prices, and sanctions in response to developments in Crimea and Ukraine. Ernesto … Continue reading
Ukraine’s Poroshenko Warns Of ‘Colossal Threat’
Ukraine’s president has warned his country there is a “colossal threat” that large-scale fighting could resume in the east, and said the military should be prepared to defend Ukraine against a possible invasion along its border with Russia. Petro Poroshenko spoke in an annual address to parliament on June 4, a day after the heaviest … Continue reading
Poland: Russia’s Most Dangerous Opponent In Europe
“Moscow’s “blacklist” of European political figures who now will be denied entrance to the Russian Federation suggests that in the view of the Kremlin, Poland is Russia’s “most dangerous opponent” in Europe ,” according to Andrey Illarionov,” Euromaidan Press reports. The blacklist was revealed by Russia to European diplomats last week. It included past and … Continue reading
Poland Modernizing Its Military Equipment As Russia May Expand Its Ambitions Beyond The Crimea Annexation
“Poland’s defence minister has told Sky News his country is facing its greatest security crisis since the end of the Cold War,” the news agency reports. Speaking from the ministry of defence in Warsaw, Tomasz Siemoniak said they must be prepared for the situation to deteriorate further, and for Russia to expand its ambitions beyond the … Continue reading
PayPal, Google Join Apple In Crimea Exodus
The newest part of the Russian Federation, the Crimea peninsula is now cut off from PayPal and Google products and services, as sanctions forbid US companies from providing services to the region. “Unfortunately, currently we are not able to provide our services to the clients in Crimea. We apologize for any related inconveniences,” a PayPal … Continue reading
EU Adopts New Crimea Sanctions As Summit Weighs Crisis
The European Union on December 18 agreed to new sanctions against Moscow-annexed Crimea as EU leaders prepared to discuss a “tough and responsible” strategy toward Russia following its involvement in Ukraine. The new measures ban all investment in Crimea and cruise ships from its ports as further punishment for Russia’s annexation of the region from … Continue reading
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