US has warned Russia of additional and more severe sanctions if it attempts to disrupt or destabilize the oncoming May 25 presidential elections if Europe. However, with Russia opposed to the elections in the face of Ukraine’s ongoing crisis, the sanctions seem inevitable. The previous round of sanctions had little direct effect of Russian economy, but generated an outflow of … [Read more...] about US Threatens Russia With Fresh Sanctions
Economic Sanctions
Russia In Recession
The International Monetary Fund (IMF) has said that Russia is in recession as it has experienced negative growth in two quarters in a row. IMF has also lowered its growth forecast for Russia in 2014 from 1.3% to 0.2%. This is because of : pulling out of investors owing to the Ukrainian crisis, the looming threat of various sanctions against Russia by US and the West … [Read more...] about Russia In Recession
Ukraine Cracks Down on Protesters in its Eastern Provinces
An anti-terror operation launched by Ukraine against pro-Russian forces in the eastern provinces left several on both sides injured. While it was reported that there was crossfire between both parties, others believed it to be instigated by unidentified people from a car with license plates of western Ukraine. US voiced concerns about armed militants attacking eastern Ukraine … [Read more...] about Ukraine Cracks Down on Protesters in its Eastern Provinces