Russian Capital Outflow Increased By 30 Percent Last Week Amid Ruble Crisis
The total outflow of means from funds invested in Russian assets increased to $91.8 million during the week beginning January 14th. According to Interfax, based on data provided by the Emerging Portfolio Fund Research (EPFR) analysts, last week investors withdrew $70 million from Russian investments—an outflow of means increased by 30%.
Sberbank CIB estimates the total net cash outflow from funds investing only in shares of the Russian Federation also increased to $42.1 million from January 14 …
Authorities in Moscow reject application for anti-Kadyrov rally
City authorities in Moscow have rejected an application submitted by the liberal Yabloko party to hold a public rally to call for the removal of Ramzan Kadyrov, the head of the Chechen Republic.
Radio Free Europe reported that Yabloko instead plans to hold a rotating one-person picket on January 26th in front of President Putin’s administration building, as public demonstrations in Russia of more than one person must be approved by the authorities. Russian opposition groups report that it is …
Ukraine asks for Canada's support in trade controversy with Russia
The Minister of Finance of Ukraine, Natalie Jaresko, held a meeting with Canada's Federal Minister of International Trade, Chrystia Freeland, where she asked for Canadian support in the trade dispute with Russia within the World Trade Organization (WTO). RNS reported that the meeting took place at the Davos World Economic Forum, and the details were posted on Jaresko’s Facebook page.
"Today I had a pleasant meeting with the Minister of International Trade of Canada and my good old friend …
Russian Army to Add Four New Divisions
The Russian Defense Ministry announced a significant expansion of staff of their ground forces "in response to the increasing intensity of the NATO countries’ training." There are currently no Russian ground troops in Crimea.
The Russian Federation ground forces will be strengthened by combining existing sections of the Army into four new divisions, said the Russian Defense Ministry on Friday, January 22nd. "In 2016, three divisions will be formed in the Western territory and one in the …
Poroshenko and Aliyev Agree On Trade Route to Bypass Russia
At the World Economic Forum in Davos, Ukrainian President Petro Poroshenko and the President of Azerbaijan, Ilham Aliyev, agreed on the need to develop a transit route that bypasses Russia.
The Presidents were pleased to learn about the successful departure of the first container train from Ilyichevsk that will follow the Ukraine-Georgia-Azerbaijan-Kazakhstan–China route. Poroshenko and Aliyev’s coordinated efforts need to work further in this direction, according to the press service of the …