Expert on BRICS financial institutions
New bodies should be independent
International Monetary Fund (IMF)
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BRICS establishes its banks for development
Brazil, Russia, India, China, South Africa feel “cold in the international arena”
What is the danger of European association?
Georgia, Moldova, and Ukraine signed association agreement with the EU
The USA has no resources for Central Asia
Vladimir Yevseyev: “Washington imitates activeness in the region”
Ukraine receives $3.19 billion from IMF
Ukraine has received the first tranche ($3.19 billion) of a loan from the IMF. Ukrainian Minister for Finance Alexander Shlapak said that Ukraine was expecting the tranche on May 5-8, Trend reports.The two-year cooperation program between Ukraine and the IMF was approved by the Fund on May 1. It is worth $17 billion.
Sanctions are less painful than it may seem
Councillor of the IMF European Directorate Antonio Spilimbergo believes
Kiev, Moscow and Brussels fail to agree on gas issues
Tripartite negotiations between the representatives of Russia, Ukraine and the EU on the gas issue have failed to solve the main issue - the payment of a debt for Russian gas by Ukraine.
IMF says Russia's GDP growth has fallen to 0.2%
Antonio Spilimbergo, the Councillor of the IMF European Directorate, presented a report titled “Results of the Annual Consultations between IMF Experts and the Russian Government.” The expert announced a new forecast for Russian economic development.
The IMF on sanctions
Antonio Spilimbergo, Councillor of the IMF European Directorate, spoke about the influence of sanctions on the Russian economy. According to the expert, the threat of the consequences of sanctions has more influence than the …
Ukrainian crisis and Moscow’s gas blackmail– 2
Turkey and Russia: pragmatism instead of emotions
Nationwide strike in Greece
Officials of the public and private economic sectors of Greece are on strike over the government’s plans to increase taxes and cut salaries, Lenta.ru reports.Schools, hospitals (excluding ambulances) and railway and ferry transportation have …
The Economist: Limp wrist diplomacy?
How the Europeans resist accusations of flexibility with Russia
G20 financers to evaluate crisis in Ukraine
The IMF and the WB will hold another session of G20 ministers for finances in Washington on April 9-12, Prime reports.The will discuss impact of the crisis in Ukraine on European neighbours, global economy and the international financial system, problems of emerging markets and role of the US Federal Reserve policy and EU in their development.Russia will be represented by Minister for Finances Anton Siluanov.
Yevgeny Minchenko: “Three oligarchic camps are dividing Ukraine”
Interview by Vestnik KavkazaThe Central Election Commission of Ukraine completed the registration of presidential candidates. The elections will take place on May 25th. The list of the candidates:Serhiy Tihipko (Party of Regions, self-nominated)Mikhail Dobkin (Party of Regions)Vadim Rabinovich (independent)Renat Kuzmin (independent)Yuriy Boyko (Party of Regions, self-nominated)Valeriy Konovalyuk (independent)[Volodymyr Saranov (independent)Yulia Tymoshenko (Batkivshchyna)Oleh Lyashko (Radical Party)
IMF head Lagarde stresses Russia saved Ukrainian economy
Ukraine's economy can’t make necessary reforms without a lifeline from the IMF or others in the international community, said the Head of the IMF Christine Lagarde.
Ukraine may receive part of European aid before presidential polls
European Chief Diplomat Catherine Ashton has expressed hope at the European Parliament that Ukraine will receive 1.6 billion euros this month, before tha May 25 presidential polls, RIA Novosti reports.The European Commission formed a package of loans and grants worth about 3 billion euros and loans of the EBRD and the European Investment Bank worth 8 billion euros in early March. The European Commission promises loans worth 1.6 billion euros to comply with the IMF demands and specific conditions of the economic policy.
Russia to ban dollars?
Russian legislator Sergey Ryabukhin, head of the Federation Council committee for budget and financial markets, proposed a reduction of dollar circulation throughout the country last weekend. He called the domination of dollars disrespectful towards such a resource-rich country. Ryabukhin proposed the adoption of ruble payments for Russian exports and imports.
Yevgeny Fyodorov: “The position of the Central Bank is not regulated by the country's internal problems, but by the IMF”
Interview by Vestnik KavkazaSix months ago, Yevgeny Fyodorov, a MP from United Russia, suggested initiatives on returning of “economic sovereignty” to Russia. One of ideas by the member of the State Duma Committee on Budgets and Taxes is to change activity of the Central Bank at the legal level in such a way that it would stop being a sponsor of Western countries and start working for Russian interests. Fyodorov told Vestnik Kavkaza that the current fall of the ruble wouldn’t stop in the near future, and the Central Bank should be blamed for this.
Ukraine will get no US military assistance
Ukraine will get no US military assistance, RIA Novosti reports.The interim government of Ukraine asked to US to send military aid, including weapons, ammo and recon systems. The US agreed to send only food.Some republicans at the US Senate are opposed to increasing IMF financing. They will discuss the problem again in late March, Reuters reports.
US passes sanctions to protect Ukraine’s sovereignty
14 members of the US Senate Committee for Foreign Affairs have voted for sanctions to protect Ukraine and three voted against it, RIA Novosti reports.The project includes reforms of the Interior Ministry, permission to block assets and …
