Russian Finance Minister Urges Cut to Russia's Non-Energy Budget Deficit
Wednesday, 21 May 2014 12:40
Russian Finance Minister Urges Cut to Russia's Non-Energy Budget Deficit

MOSCOW, May 21 (RIA Novosti) – Russia must reduce the share of oil and gas state revenues and gradually cut oil prices, which could provide for a balanced budget, Russian Finance Minister Anton Siluanov said Wednesday.

The Russian Finance Ministry has called for decreasing the non-energy budget deficit, or deficit which excludes revenues from its...

 
Gazprom Responsible for Sufficient Gas Deliveries to EU – Barroso Letter to Putin
Wednesday, 21 May 2014 12:21
Gazprom Responsible for Sufficient Gas Deliveries to EU – Barroso Letter to Putin

BRUSSELS, May 21 (RIA Novosti) – The European Commission believes Russian gas giant Gazprom is responsible for deliveries to Europe in the required volumes, European Commission President Jose Manuel Barroso said in a letter addressed to Russian President Vladimir Putin.

“It therefore continues to be Gazprom’s responsibility to ensure the deliveries ...

 
Rinat Akhmetov's choice
Tuesday, 20 May 2014 18:28

FOR weeks he played all sides and avoided throwing his clout in any one direction in eastern Ukraine’s simmering conflict. Now Rinat Akhmetov (pictured), the country's richest man, who has long run the Donbass region like his own feudal estate, has made his choice. On May 19th he released a video in which he criticised the separatist leaders of t...

 
Fears of another surge
Monday, 19 May 2014 14:06

MUCH of Serbia, Bosnia and eastern Croatia are under water. Flood maps marking the affected areas make it look as though a vast inland sea has suddenly appeared across the region. Tens of thousands of people have been evacuated. In Serbia some 300,000 do not have access to clean water or electricity. One third of Bosnia, an area that is home to...

 
Something has to give
Sunday, 18 May 2014 23:16

IN ONE week Ukrainians are to vote in a presidential election scheduled for May 25th. Developments on the ground have left people wondering if the past few days have been the calm before the storm—or whether both sides, uncertain about what to do and unable to muster enough force to prevail, have reached a stalemate. In one dramatic development t...

 
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