German Finance Minister: Putin fears European democratic model
German Finance Minister, Wolfgang Schäuble, stated that the Russian President, Vladimir Putin, is afraid of the European social and democratic model and therefore is trying to separate EU member States.
He stated on the 3rd of March, in London, that Russian President Vladimir Putin is afraid of the European democratic model thus, Europe has to resist his attempts to separate EU member states. According to Schäuble, the Russian Government is not concerned about the extension of the European …
Moldovan Constitutional Court rules to return to direct presidential elections
The Constitutional Court of Moldova reversed a 16-year-old amendment to the constitution that allowed lawmakers to select the head of state. Following the court’s decision on Friday, Moldovans will now be able to choose their leader through direct presidential elections.
"We think that that the president of the republic is to be elected by the nation," Court President Alexandru Tanase said on March 4th, as reported by TASS.
The court made its decision in response to a complaint filed by …
Expert says the worst is yet to come for the Russian economy
The head of the Higher School of Economics' Center for Development, Natalya Akindinova, explained that January economic data indicated that the Russian economy has started to worsen.
“This relates in particular to construction, cargo turnover and trade. The total fall in basic industries in January was 0.4-0.6% lower than December without taking into account seasonal fluctuations. The huge lack of growth has been accumulated in real incomes and consumer demand, and its downside potential has …
Russian Gazprom to receive 2 billion euro loan from Chinese bank
Gazprom and the Bank of China have signed an agreement granting the Russian gas monopoly a €2 billion loan for a period of five years as reported by the press service of the company.
It is the largest funding deal coming directly from one credit institution in the history of Gazprom. It was also noted by the company that it was the first bilateral loan agreement with the Chinese Bank.
In August 2015 Gazprom secured a loan from a consortium of Asian Banks for $1.5 billion at LIBOR + 3.5% for …
FIDH: The Mejlis ban may lead to a wave of persecution of Crimean Tatars
The International Federation for Human Rights (FIDH) and the Ukrainian Helsinki Union for Human Rights condemn the persecution of the Mejlis of the Crimean Tatar People in Crimea. This was stated in an official statement on the International Federation for Human Rights website on Wednesday, March 2, as reported by Krym.Realii. The report also reviewed the actions of the Russian authorities in Crimea and the case scheduled for the 3rd of March in court, which aims to prohibit the Mejlis on the …