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How the Russian economy has taken a turn for the worse

Russia’s economy was struggling even before the crisis in Ukraine, but things have now taken a turn for the worse, according to the International Monetary Fund. GDP fell in the first three months of 2014 and will fall again in the second quarter. According to the technical definition, that would…

Obama and European leaders prepare to move ahead on new sanctions against Russia

U.S. President Barack Obama and top European leaders are moving ahead on a new round of sanctions against Russia, U.S. officials said amid hints they could come within days. American sanctions could be imposed as early as Monday, a source close to the issue told AFP, asking not to be…

Fragile Easter truce in eastern Ukraine shattered by deadly gunfight

Russia ‘outraged’ as east Ukraine shootout shatters Easter truce (via AFP) A deadly gunfight in a town in restive east Ukraine on Sunday shattered a fragile Easter truce, with Russia declaring it was “outraged” at the return to violence in the crisis-hit former Soviet republic. Three pro-Russian militants and one…

Heritage Foundation says frack your backyard to thwart Russia

Now here’s an Onion-worthy headline from The Heritage Foundation, topping a press release issued just a few hours ago: “How America’s Shale Revolution Could Loosen Russia’s Grip on Europe.” We’re dragging The Onion into this because the……

Oil CEO to Congress: Fight Russia by lifting 40-year ban on U.S. crude exports

By Timothy Gardner WASHINGTON (Reuters) – Lifting the 40-year ban on U.S. crude exports is the fastest way the American drilling boom could be used to bolster energy security in Europe and Ukraine in the face of Russian aggression, the CEO of the biggest operator in North Dakota’s vast oil…

Putin shrugs off U.S. sanctions on top aides but holds off on reprisals

President Vladimir Putin on Friday made light of the latest US sanctions against his aides over the Ukraine crisis, saying Moscow would hold off on reciprocal punitive measures. “You know, both in the first case — the American sanctions — and in the second case — the introduction of a…

Anti-LGBT, pro-Putin propagandist: Russia could turn U.S. into ‘radioactive dust’

Vladimir Putin’s chief propagandist warned Sunday on state-run media that Russia could destroy the United States with nuclear weapons. Dmitry Kiselyov posed in front of a mushroom cloud graphic during his weekly program on the Rossiya 1 news channel to boast that Russia was the only country in the world…

Ukranian Prime Minister to Russia: ‘This is our land. We will not give an inch of it.’

Ukraine PM says will not give ‘an inch’ of land to Russia (via AFP) Ukrainian Prime Minister Arseniy Yatsenyuk on Sunday vowed Ukraine would not give “an inch” of its territory to Russia, at a rally of thousands of people in Kiev in honour of 19th-century national hero Taras Shevchenko.…

Russia test-fires ICBM as West raises pressure over Ukraine

MOSCOW (Reuters) – Russia said it had successfully test-fired an Intercontinental Ballistic Missile (ICBM) on Tuesday, with tensions high over its seizure of control in the Crimea and its threat to send more forces to its neighbor Ukraine. The Strategic Rocket Forces launched an RS-12M Topol missile from the southerly…

Turkey scrambles jets after Russian plane flies near its Black Sea coast

ISTANBUL (Reuters) – The Turkish Air Force scrambled eight F-16 fighter jets after a Russian surveillance plane flew parallel along its Black Sea coast, the military said on Tuesday, amid increased tensions between Russia and the West over Ukraine. The incident occurred on Monday and the Russian plane remained in…

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