Dec 17, 2014

Ruble collapse could shake Putin's grip on power

Russia failed to halt the collapse of the ruble on Tuesday, leaving President Vladimir Putin facing a full-blown currency crisis that could weaken his iron grip on power. A 6.5 percentage point interest rate rise to 17 percent overnight failed to prevent the currency ...

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 ...