The Russian bank Sberbank believes that Russia will see a recession and that  inflation may exceed 8% this year, as reported by TASS, citing the head of the Center for Macroeconomic Research of Sberbank, Yulia Tsepliaeva. According to her, a decline in consumption and economic growth may also be expected.

“We expect an economic slowdown and an additional year of decline in consumption. Inflation is likely to be high. It is expected to exceed 8%,” Tsepliaeva said.

Tsepliaeva assesses the Bank’ …

The President of Ukraine, Petro Poroshenko, expects that in February 2016, Ukraine will receive the next loan installment from the IMF, as reported by Bloomberg, following a meeting in Davos with the Managing Director of the IMF, Christine Lagarde.

According to Poroshenko, an agreement was reached on the allocation of the next installment of the loan to Ukraine. "We have reached a compromise on the budget deficit and the macro indicators, relative to all," the President assured.

Poroshenko …

The Russian Ambassador to the UK, Alexander Yakovenko, called London’s approach to the "business of Litvinenko" a "blatant provocation" by the British authorities. Yakovenko said this after being summoned to the British Foreign Office.

According to him, for Moscow, "it is absolutely unacceptable to question whether the Russian government was somehow involved in the death of Litvinenko... This is an attempt to exert additional pressure on Russia in connection with the existing differences on …

Threats made by the head of the Chechen Republic against opposition leaders, the media, and human rights activists have raised the concern of Amnesty International. The organization notes that it's dangerous to do human rights work and openly criticize the government in Russia.

International human rights organization Amnesty International (AI) has urged the Russian authorities to "immediately and unhesitatingly" respond to the harsh statements of the head of Chechnya, Ramzan Kadyrov, which …

The Deputy Chair of the Economic Committee of the Russian Duma, Sergey Kalashnikov, told RIA Novosti that the Russian Central Bank has to cancel the convertibility of the Ruble and set a fixed exchange rate in relation to the dollar and main reserve currencies. The preferable rate would be 40 rubles per dollar.

According to Kalashnikov, if the exchange rate is fixed, a black market in currency exchange would inevitably emerge in the country. However, that would not be as harmful to the …