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Russia has charged Ukraine with penalty interest for Yanukovych's debt of $3 billion
According to Russia, Ukraine's debt as of March 20th, together with the interest, amounts to 3.137 billion dollars. This follows the claim filed by the Law Debenture Trust Corporation company, which represents Russia, to the English Court against Ukraine, RBC reports.
The lawsuit states that on December 21st, 2015, when the repayment of securities was due, Ukraine did not pay 3.075 billion dollars which violated the trust management agreement (Trust deed) with the Law Debenture Trust, the loan …
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Savchenko sentenced to 22 years in prison
A Russian court has found Ukrainian pilot Nadiya Savchenko guilty of complicity in the killing of two Russian journalists and sentenced her to 22 years in prison.
The judge in the Russian town of Donetsk said Savchenko had been driven by "political hatred".
"A propaganda machine is at work here, absent of justice and freedom," Savchenko’s lawyer wrote on Twitter.
Nadiya Savchenko was found guilty of the murder of two Russian journalists. It is widely believed that Savchenko was in fact …
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Committee on Foreign Affairs of the European Parliament doesn't recognize Savchenko verdict
The Foreign Affairs Committee of the European Parliament endorsed a joint statement on the release of Nadiya Savchenko as announced by the Batkivshchyna Party Deputy, Alyona Shkrum.
"Just now the Chairman of the European Parliament Committee on Foreign Affairs, Mr. Elmar Brok, released a statement concerning the verdict of the court of Donetsk, the Rostov region, the Russian Federation, on Nadiya Savchenko’s case," she noted.
"The Committee does not recognize this verdict, considers the case …
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Real incomes in Russia fell by 6.9% in February
In February 2016, the real disposable income of Russian citizens fell by 6.9% compared to February 2015, as Interfax reported. February’s figures are the latest in a downward trend in the Russian Federation as a consequence of the economic crisis brought on by low oil prices and economic sanctions.
Disposable income in Russia fell by 6.3% in January, 0.7% in December, 5.4% in November, 5.6% in October, 4.3% in September, 5.3% in August, 2% in July, 3% in June, 6.3% in May, 3.9% in April, and 1. …
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Survey: 77% of foreign investors marked a deterioration in Russia’s business climate in 2015
According to a survey conducted by FleishmanHillard Vanguard and RSPP, 77% of foreign investors marked a deterioration of the business climate in Russia in 2015, as reported by Dozhd with reference to Kommersant.
Only 6% of respondents noted a positive trend in Russia over the last year, while 17% said that nothing had changed.
The sectors that are hardest hit by the economic crisis include the auto industry, construction sector, and electronics manufacturers. Companies that deal with …