Russia's shriveling economy becomes a global threat

Dec 17, 2014

Russia's shriveling economy becomes a global threat

by Josh Boak

Russia’s suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Japan, China, Europe and Latin America already ailing, fresh threats have emerged from Russia’s shriveled currency, its move to dramatically boost interest rates, the ...

Dec 17, 2014

Ukraine slams Russia over Crimea nuclear weapons comment

Russia would violate international agreements if it placed nuclear weapons in Crimea, which it annexed from Ukraine, Ukrainian Prime Minister Arseny Yatseniuk said on Tuesday. Russian Foreign Minister Sergei Lavrov appeared to reserve the right for Russia to put nuclear weapons in Crimea in ...

Russia hikes rates in risky effort to halt ruble's fall

Dec 16, 2014

Russia hikes rates in risky effort to halt ruble's fall

The Bank of Russia raised its key interest rate to 17 percent from 10.5 percent in a desperate move to boost the ruble, which has sunk roughly 50 percent since January amid Western sanctions and plunging worldwide oil prices. The aggressive move reflected fears ...

Dec 16, 2014

Despite robust truce, Russia plots pain for Ukrainian economy

Fighting in eastern Ukraine between government troops and Russian-backed separatist forces has ground almost to halt. That should be good news for Ukraine, but Russia looks intent to pile on the economic misery. In a detailed Op-Ed piece Monday, Russian Prime Minister Dmitry Medvedev ...

Rights monitors slam Russia for spiraling attacks on gays

Dec 16, 2014

Rights monitors slam Russia for spiraling attacks on gays

Human Rights Watch sounded the alarm Monday over the rising number of homophobic attacks in Russia, slamming Vladimir Putin’s government for “inaction” and urging a crackdown on hate crimes. The U.S.-based rights group said homophobic attacks increased in Russia after Putin signed a hugely ...

Dec 16, 2014

Denmark claims North Pole via Greenland ridge link

Scientific data show Greenland’s continental shelf is connected to a ridge beneath the Arctic Ocean, giving Danes a claim to the North Pole and any potential energy resources beneath it, Denmark’s foreign minister said. Foreign Minister Martin Lidegaard said Denmark will deliver a claim ...

Dec 15, 2014

U.N. says death toll in eastern Ukraine up to 4,707

Fighting in eastern Ukraine has killed at least at least 4,707 people since the conflict began in mid-April, and more than a quarter of the recorded deaths have come since a much-ignored ceasefire, U.N. rights investigators said Monday. A new report from the U.N. ...

Russian arms sales soar on domestic spending

Dec 15, 2014

Russian arms sales soar on domestic spending

Sales by Russian arms manufacturers continue to expand despite a downturn in global defense spending, a Stockholm-based think tank said Monday. The buyer responsible: the Russian government. “The remarkable increases in Russian companies’ arms sales in both 2012 and 2013 are in large part ...

Kerry, Lavrov meet in Rome as tensions soar over Ukraine

Dec 15, 2014

Kerry, Lavrov meet in Rome as tensions soar over Ukraine

Top U.S. diplomat John Kerry met his Russian counterpart, Sergei Lavrov, Sunday amid anger in Moscow over the prospect of new U.S. sanctions and possible lethal military aid for Ukraine. The meeting in Rome comes as tensions soar after U.S. lawmakers passed a bill ...

Russia reaches out to Europe's far-right parties

Dec 14, 2014

Russia reaches out to Europe's far-right parties

A Russian loan to France’s National Front. Invitations to Moscow for leaders of Austria’s Freedom Party. Praise for Vladimir Putin from the head of Britain’s anti-European Union party. As the diplomatic chill over Ukraine deepens, the Kremlin seems keener than ever to enlist Europe’s ...