Colin Chapman, President of the New South Wales chapter of the Australian Institute of International Affairs, outlines the motives behind Russia's military buildup in eastern Ukraine.» Read More
*China, Europe oil demand growth slows at remarkable- IEA. SINGAPORE, Sept 12- Brent crude dropped below $98 a barrel on Friday, heading for its worst week in six as concerns over weak demand outweighed geopolitical worries in the Middle East and Ukraine.
KIEV, Ukraine— European leaders said Friday that they would allow Ukraine to delay putting a landmark trade deal into effect, a major concession to Russia which has repeatedly threatened retaliation if Kiev implements the measure.
WASHINGTON— Working to combat an increasingly lucrative crime that crosses national boundaries, Justice Department officials are pressing for a new law to help them prosecute criminals overseas who traffic in stolen credit cards.
MOSCOW, Sept 12- President Vladimir Putin took a break from his official duties to slip into a Russian Orthodox Church this week and light a candle for fighters killed in eastern Ukraine. "I left a candle for those who died defending people in Novorossiya," he told reporters after emerging from the Church of the Holy Trinity on a Moscow hilltop.
SINGAPORE, Sept 12- Brent crude fell below $98 a barrel on Friday, heading for its worst week in six, as concerns over weak demand outweighed geopolitical worries in the Middle East and Ukraine.
SINGAPORE Sept 12- U.S. crude futures climbed higher on Friday, rising on concerns that Western air strikes in Syria could lead to further confrontation with Russia, although prices were still close to 16- month lows.
WASHINGTON, Sept 11- The United States will take new steps on Friday to limit the access of major Russian banks, including Sberbank, to U.S. debt and equity markets to punish Russia for its intervention in Ukraine, sources familiar with the matter said.
Treasury sold $13 billion in 30- year bonds to solid demand. "If it comes in stronger, the market will continue to ignore weak payrolls and focus on all the positive data we've seen," said Richard Gilhooly, an interest rate strategist at TD Securities in New York.
MOSCOW, Sept 11- Russia's Foreign Ministry said on Thursday that the European Union had shown itself to be against the peace process in Ukraine by imposing a new set of sanctions against Moscow. "By taking this step, the European Union has de facto made its choice against a peaceful resolution of the inter-Ukrainian crisis," it said in a statement.
WASHINGTON— President Barack Obama says the U.S. is moving ahead with tougher economic sanctions on Russia over what the U.S. says are Russia's illegal actions in Ukraine. Obama says the sanctions will affect Russia's financial, energy and defense sectors. The U.S. penalties are paired with a new round of European Union sanctions announced Thursday in Brussels.
*Gazprom writes off 71.3 bln roubles over Ukraine debt. MOSCOW, Sept 11- Russia's Gazprom reported a 41 percent fall in first-quarter net profit after cutting prices for gas deliveries to Ukraine, and has lowered projections for exports and gas prices in Europe, its main source of revenue.
European leaders agreed to push ahead with a package of sanctions against Russia by the end of the week in response to Moscow's policy on Ukraine. "We have a number of non-agricultural products where our partners, primarily European, are more dependent on Russia than Russia on them," Kremlin economic aide Andrei Belousov was quoted as saying.
BRUSSELS— The European Union on Thursday slapped more sanctions on Russia for helping separatists destabilize Ukraine, limiting Russia's access to its financial market, hitting the country's vital oil industry, curbing high-tech exports and targeting more officials with travel bans and asset freezes.
BRUSSELS— The European Union has decided to slap new economic sanctions on Russia over its actions in Ukraine, diplomats said Thursday.
WARSAW, Poland— A spat has broken out between Poland and Russia over what Warsaw claims is a sharp drop in natural gas supplies. Amid the counterclaims, Poland said it was obliged to stop sending gas on to Ukraine, which has been relying on imports from European countries since it was cut off by Russia in June.
*Finance Ministry has raised 194 bln so far. MOSCOW, Sept 11- The Russian Finance Ministry hopes that plans for sovereign domestic borrowing will remain unchanged for the rest of the year, the ministry's head, Anton Siluanov, said on Thursday.
*Gazprom writes off 71.3 bln roubles over Ukraine debt. MOSCOW, Sept 11- Russia's Gazprom reported a 41 percent fall in first-quarter net profit after cutting prices for gas deliveries to Ukraine, and the gas producer faces more pain this year due to its unresolved dispute with Kiev.
MOSCOW, Sept 11- Russian gas producer Gazprom said on Thursday its first-quarter net profit fell 41 percent to 223 billion roubles, missing forecasts, on cheaper prices to Ukraine and a weak rouble.
*Russia's United Aircraft Corporation on the sanctions list. BRUSSELS/ BERLIN, Sept 10- European Union envoys failed on Wednesday to reach a decision on whether to implement new sanctions against Russia over military involvement in the war in Ukraine and will meet for talks on Thursday, EU diplomats said.
WASHINGTON, Sept 10- The United States on Wednesday threw its weight behind efforts to ensure that the sale of two French warships to Russia, the first of which has been delayed due to international concerns about the Ukraine crisis, is called off permanently.