Dec 25, 2014

Putin orders vodka price cap as Russia's economy goes on the rocks

Russian President Vladimir Putin ordered his government on Wednesday to rein in rising vodka prices, as he battles to preserve his popularity amid an aggravating economic crisis. Putin told a meeting with government officials and regional governors that expensive vodka prices encourage the production ...

Dec 24, 2014

Putin oversees successful rocket launch

President Vladimir Putin on Tuesday oversaw the successful test-launch of Russia’s newest heavy-class Angara rocket. Putin said Russia will over the next five years conduct a series of test-launches for the Angara, which is designed for civilian and military use, including the launch of ...

Dec 24, 2014

Russia and four former Soviet nations finalize new alliance

Russia and four other ex-Soviet nations on Tuesday completed the creation of a new economic alliance intended to bolster their integration, but the ambitious grouping immediately showed signs of fracture as the leader of Belarus sharply criticized Moscow. The Eurasian Economic Union, which includes ...

Ukraine takes historic step toward NATO

Dec 24, 2014

Ukraine takes historic step toward NATO

Ukraine on Tuesday took a historic step toward NATO in a parliamentary vote that stoked Russia’s anger ahead of talks this week on ending the former Soviet state’s separatist war. Lawmakers in the government-controlled chamber overwhelmingly adopted a bill dropping Ukraine’s nonaligned status, a ...

Dec 23, 2014

Russia in grips of 'full-fledged economic crisis,' ex-minister says

Russia’s government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy. The central bank bailed out its first victim of ...

EU leaders ready long confrontation with Russia

Dec 19, 2014

EU leaders ready long confrontation with Russia

European Union leaders warned Moscow they were ready to exercise their combined muscle over the long haul in a confrontation with an economically wounded Russia if President Vladimir Putin refused to pull back from Ukraine. “We must go beyond being reactive and defensive. As ...

Dec 18, 2014

Russia's downward slide

The decision by Russia's Central Bank to practically double interest rates in the middle of the night is a bad sign. The question now is how President Vladimir Putin will double-down to get Russia through a perfect economic storm.