Elizabeth's Feed
Apr 9, 2014

Sanctions trump patriotism for Russian banks in Crimea

SIMFEROPOL, Crimea/MOSCOW, April 9 (Reuters) – In the rush
to serve clients keen to open rouble accounts, staff at the
first Russian bank to open its doors in Crimea have yet to find
time to open the boxes stacked in the entrance or put up a
proper sign.

Instead they are relying on a plastic banner with letters in
red saying: “Russian National Commercial Bank: Your Russian bank
in Crimea!”

Apr 2, 2014

Insight: Bitter times for chocolate factory in Russia-Ukraine crisis

LIPETSK, Russia (Reuters) – After three years of court cases involving authorities and competitors, Taisiya Voronina thought she had seen everything in Russia’s rough and tumble business environment.

That was until a final ruling this month sent dozens of armed police and plainclothes officials through the Ukrainian owned chocolate factory she manages in southern Russia.

Apr 2, 2014

Bitter times for chocolate factory in Russia-Ukraine crisis

LIPETSK, Russia, April 2 (Reuters) – After three years of
court cases involving authorities and competitors, Taisiya
Voronina thought she had seen everything in Russia’s rough and
tumble business environment.

That was until a final ruling this month sent dozens of
armed police and plainclothes officials through the Ukrainian
owned chocolate factory she manages in southern Russia.

Mar 28, 2014

Ukraine wins IMF lifeline as Russia faces growth slump

KIEV/MOSCOW (Reuters) – Ukraine won a $27-billion (16.2 billion pounds) international financial lifeline on Thursday, rushed through in the wake of Russia’s annexation of Crimea, while Moscow’s economy minister acknowledged that his country’s growth would slow dramatically as funds flee abroad.

The International Monetary Fund announced a $14-18 billion standby credit for Kiev in return for tough economic reforms that will unlock further aid from the European Union, the United States and other lenders over two years, effectively pulling Kiev closer to Europe.

Mar 27, 2014

IMF throws Ukraine financial lifeline, Russia growth slumps

KIEV/MOSCOW, March 27 (Reuters) – Ukraine won a $27-billion
international financial lifeline on Thursday, rushed through in
the wake of Russia’s annexation of Crimea, while Moscow’s
economy minister acknowledged that his country’s growth would
slow dramatically as funds flee abroad.

The International Monetary Fund announced a $14-18 billion
standby credit for Kiev in return for tough economic reforms
that will unlock further aid from the European Union, the United
States and other lenders over two years, effectively pulling
Kiev closer to Europe.

Mar 27, 2014

IMF throws Ukraine financial lifeline, Russian economy to slump

KIEV/MOSCOW (Reuters) – Ukraine won a $27-billion international financial lifeline on Thursday, rushed through in the wake of Russia’s annexation of Crimea, as Moscow’s economy minister spoke of the cost of military action in its former Soviet neighbor.

The International Monetary Fund announced agreement on a $14-18 billion standby credit for Kiev in return for tough economic reforms that will unlock further aid from the European Union, the United States and other lenders over two years.

Mar 21, 2014

Sanctions bind Russia nation together, for now

MOSCOW (Reuters) – Far from dividing Vladimir Putin’s inner circle, U.S. sanctions are drawing them ever closer together behind the former KGB spy and his drive to create a Great Russia.

Reveling in the triumph of Russia reclaiming lost lands, many in the political and business elite seem willing to make sacrifices to give full rein to an “imperialist consciousness” and a nationalism that has long lain dormant.

Mar 21, 2014

Sanctions bind Russia together, for now

MOSCOW, March 21 (Reuters) – Far from dividing Vladimir
Putin’s inner circle, U.S. sanctions are drawing them ever
closer together behind the former KGB spy and his drive to
create a Great Russia.

Revelling in the triumph of Russia reclaiming lost lands,
many in the political and business elite seem willing to make
sacrifices to give full rein to an “imperialist consciousness”
and a nationalism that has long lain dormant.

Mar 17, 2014

Tourism hotspot, gas giant, cash drain? What’s Crimea to Russia?

MOSCOW, March 17 (Reuters) – It will replace Egypt as a
tourist hotspot, its offshore oil and gas reserves will cement
Russia’s position as the world’s top energy producer, and its
spas will revive the state sector’s weary workforce. At least,
that’s how Russia presents Crimea.

Many in Russia hope the annexation of the southern Ukrainian
region will offer only benefits and an opportunity to celebrate
the “return home” of Russia’s more than 1 million “brothers”
after being handed to Ukraine 60 years ago.

Mar 14, 2014

Insight – Media squeeze tightens as Russia harks back to WW2

MOSCOW (Reuters) – Ilya Azar does not know whether he has been fired yet from one of Russia’s most popular independent online news organisations, but he is pretty sure he soon will be.

His editor, Galina Timchenko, has already been sacked, and Azar says her departure was his fault, for interviewing a leader of Ukraine’s right-wing paramilitary group Right Sector for their Lenta.ru website.