The Russian Central Bank in 2017 plans to launch a pilot project, creating a new payment system instead of the current BESP system (Banking Electronic Speed Payment), the Deputy Chairperson... Read more
Ukraine’s parliament has approved the law granting the government the right to impose moratorium on foreign debts payments. The document was upheld by 256 MPs. Before the vote in the parliam... Read more
Just this week, former Treasury Secretary Larry Summers wrote an eye-opening and scathing op-ed outlining where America stands in the rapidly changing global economy. Titled ‘Time U.S. leade... Read more
Western anti-Russia sanctions are a “road to nowhere” while dialogue and diplomacy is the way to find solutions for major problems, Greek Prime Minister Alexis Tsipras told TASS. The Greek p... Read more
Leader of Bulgarian nationalist party “Ataka” Volen Siderov said at the meeting with the republican authorities that European integration of Bulgaria was a mistake. The politician claims tha... Read more
The United States will struggle to follow through on threats to impose deeper sanctions on the Russian energy sector, as European fears over collateral economic damage leave President Barack... Read more
Russia’s food safety watchdog said on Monday it suspected Serbia of re-exporting Polish apples and was considering banning all fruit imports from the non-EU country, Russian news agenc... Read more
One of the recurring threats used by the western nations in their cold (and increasingly more hot) war with Russia, is that Putin’s regime may be locked out of all international moneta... Read more
Europe has to understand that economic cooperation with Russia is profitable for both parts, Hungary is ally of NATO, but it is not its victim and Turkish Stream is to be built. Such announc... Read more
Representatives from the International Monetary Fund arrived in Kiev this week to discuss further payments under the existing program and a possible expansion. “Part of the mission is... Read more
