Russia drops opposition to EU-Ukraine trade deal starting 2016: EU

Last Updated: Monday, May 18, 2015, 22:35

Russia has dropped its demands for a further delay in a landmark EU-Ukraine trade deal at the heart of the Ukraine crisis and accepts that it will now begin next year, the EU said Monday.

Merkel eyes no sanctions decisions against Moscow at EU summit

Last Updated: Monday, March 16, 2015, 22:29

German Chancellor Angela Merkel said Monday that EU leaders would not decide on new economic sanctions against Russia over the Ukraine crisis at their summit this week, but could do so in June.

Russia's Gazprom threatens to cut off gas to Ukraine, Europe

Last Updated: Tuesday, February 24, 2015, 16:06

Russia`s state-owned gas giant Gazprom warned Tuesday it could cut off gas deliveries to Ukraine within two days, upping the stakes in the crisis there -- and threatening supplies to the rest of Europe.

German economy stuns with unexpectedly strong growth in Q4

Last Updated: Friday, February 13, 2015, 13:25

Germany grew by a much stronger than expected 0.7 percent in the fourth quarter of 2014, with domestic demand lifting Europe`s largest economy out of its mid-year lull to take growth for the whole year to 1.6 percent and raise hopes of a strong 2015.

Russian central bank sold $76 bn to prop up ruble in 2014: Data

Last Updated: Monday, January 12, 2015, 15:58

The ruble`s fall plus Russian sanctions on most Western food imports led to price rises of 11.4 percent in 2014.

Russia hikes key rate to 17% after record ruble tumble

Last Updated: Tuesday, December 16, 2014, 09:49

The Russian central bank early Tuesday announced a dramatic hike of its key interest rate from 10.5 to 17 percent after the ruble plunged to a fresh record low.

Russian economy to shrink 0.8% in 2015: economy ministry

Last Updated: Tuesday, December 2, 2014, 18:17

The Russian economy ministry slashed its economic forecast for 2015, announcing a contraction of 0.8 percent due to the pressure of Western sanctions over the Ukraine crisis and falling oil prices.

Ukraine PM Mykola Azarov resigns to ease crisis

Last Updated: Tuesday, January 28, 2014, 15:31

Prime Minister Mykola Azarov resigned on Tuesday in a bid to defuse Ukraine`s deadly crisis and preserve its unity, finally giving into months of pressure from street protesters.