Elizabeth's Feed
Sep 17, 2014

Asset grab? Turf war? Tycoon’s arrest strikes business climate in Russia

MOSCOW (Reuters) – It’s a tune straight from Vladimir Putin’s old songbook: a Russian billionaire under house arrest over vague accusations about a murky past deal, causing a meltdown in the shares of his empire of privatized assets.

Vladimir Yevtushenkov’s Sistema conglomerate lost a third of its value on Wednesday after he was accused of money laundering in a multi-billion dollar deal to acquire a regional oil company five years ago.

Sep 10, 2014

“Parmigiano-Belarussiano” and other secrets of Russian chefs under food ban

MOSCOW, Sept 10 (Reuters) – Facing a ban on Italian parmesan
cheese, chefs in Moscow have discovered a new source for fine
Parmigiano-Reggiano: Belarus.

No sooner had Moscow banned dairy, meat, vegetables and
fruit from most Western countries in response to sanctions over
Ukraine, than Belarus, a former Soviet republic better known for
black bread and potato pancakes, became a “producer” of
top-quality cheese.

Sep 8, 2014

Russia hints at flight ban in response to new sanctions

MOSCOW (Reuters) – Russia signalled on Monday it might ban Western airlines from flying over its territory as part of an “asymmetrical” response to new European Union sanctions over the Ukraine crisis.

Blaming the West for damaging the Russian economy by triggering “stupid” sanctions, Prime Minister Dmitry Medvedev said Moscow would press on with measures to reduce reliance on imports, starting with increasing output of domestic aircraft.

Sep 8, 2014

Russia to respond asymmetrically to new sanctions: Medvedev

MOSCOW (Reuters) – Moscow will respond “asymmetrically” to new sanctions over the Ukraine crisis, possibly targeting flights over Russia, if its Western partners press on with “the temptation to use force in international relations”, Prime Minister Dmitry Medvedev said.

Blaming the West for damaging the Russian economy by triggering several rounds of “stupid” sanctions, Medvedev underlined Moscow’s belief it is occupying the higher ground in the worst confrontation with the West since the Cold War.

Jul 25, 2014

Ukrainian prime minister quits, parties force new election

KIEV (Reuters) – Ukraine’s prime minister tendered his resignation on Thursday, berating parliament for failing to pass legislation to take control over an increasingly precarious energy situation and to increase army financing.

Earlier on Thursday, two parties quit the government coalition, forcing new elections to a parliament whose make-up has not changed since before the toppling of pro-Russian President Viktor Yanukovich in February.

Jul 24, 2014

Ukrainian PM tenders resignation, election looms

KIEV (Reuters) – Ukraine’s prime minister tendered his resignation on Thursday, berating parliament for failing to pass legislation to take control over the country’s increasingly precarious energy situation and to increase army financing.

Earlier on Thursday two parties quit a parliamentary coalition, a move that opened the way for a new election to clear what a politician called “Moscow agents” from the chamber, a decision welcomed by President Petro Poroshenko.

Jul 21, 2014

Once joined in Soviet Union, Ukraine, Russia never further apart

KIEV (Reuters) – Over a table piled high with food and wine, a newly married husband and wife watched warily as the toasts began.

Despite asking everyone to steer clear of politics, bringing together relatives from Russia and Ukraine a day after Kiev accused Moscow of arming rebels to bring down an airliner was never going to be easy.

Jul 18, 2014

New U.S. sanctions hit top Russian firms; Kiev says Russia shoots down its jet

WASHINGTON/MOSCOW (Reuters) – President Barack Obama imposed sanctions on some of Russia’s biggest firms for the first time, striking at the heart of Vladimir Putin’s powerbase by targeting companies closest to him over Moscow’s failure to curb violence in Ukraine.

In the latest escalation of the conflict on the Ukrainian-Russian frontier, Kiev said a Russian jet had shot down one of its warplanes, its strongest accusation yet of direct Russian military involvement in the war. A Ukrainian military spokesman said the pilot of the SU-25 fighter ejected to safety.

Jul 17, 2014

New U.S. sanctions over Ukraine crisis hit Russia’s top firms

WASHINGTON/MOSCOW (Reuters) – President Barack Obama imposed sanctions on some of Russia’s biggest firms for the first time, striking at the heart of Vladimir Putin’s powerbase by targeting companies closest to him over Moscow’s failure to curb violence in Ukraine.

After months of measures that hit only individuals and smaller firms, Washington imposed sanctions on Russia’s largest oil producer Rosneft, its second largest gas producer Novatek and its third largest bank Gazprombank. The firms are run by Putin allies who have become wealthy during his tenure.

Jul 17, 2014

U.S. slaps toughest sanctions yet on Russia, targets Putin allies

WASHINGTON/MOSCOW (Reuters) – President Barack Obama imposed the toughest U.S. sanctions yet on Russia, striking at the heart of Vladimir Putin’s powerbase by targeting companies closest to him over what Washington says is Moscow’s failure to curb violence in Ukraine.

By imposing penalties on Russia’s largest oil producer Rosneft, its second largest gas producer Novatek and its third largest bank Gazprombank, Washington targeted Putin’s allies, many of whom have become wealthy during his tenure.