Dec 27, 2014

Falling oil prices pushing Russia toward recession

Slumping oil prices have put Russia’s economy on course for a sharp recession next year, Finance Minister Anton Siluanov said Friday, as authorities scaled up their bailout for the first bank to succumb to the recent ruble crisis. The economy is slowing sharply as ...

NATO called threat in Russia doctrine

Dec 27, 2014

NATO called threat in Russia doctrine

Russia identified NATO as the nation’s No. 1 military threat and raised the possibility of a broader use of precision conventional weapons to deter foreign aggression under a new military doctrine signed by President Vladimir Putin on Friday. NATO flatly denied it is a ...

Dec 26, 2014

Russia gives its support to North after hacking

Russia on Thursday offered sympathy to North Korea amid the Sony hacking scandal, saying the movie that sparked the dispute was so scandalous that Pyongyang’s anger was “quite understandable.” Washington failed to offer any proof to back its claims of Pyongyang’s involvement in the ...

Ukraine truce hangs in balance after 'difficult' talks

Dec 26, 2014

Ukraine truce hangs in balance after 'difficult' talks

by Dmitry Zaks

The latest push for peace in Ukraine appeared moribund on Thursday after initial talks failed to agree when the warring sides should meet again to try ending their eight-month conflict. Negotiations mediated by European and Russian envoys in the Belarussian capital Minsk broke up ...

Putin scraps New Year's holidays for ministers

Dec 26, 2014

Putin scraps New Year's holidays for ministers

Russian President Vladimir Putin has scrapped New Year’s holidays for government ministers because of the unfolding economic crisis. Putin told a televised government session on Thursday that Cabinet ministers “cannot afford” to go on holiday. Russian company employees throughout the country are entitled to ...

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 ...