Russia may finally have a pretext for bailing out on Ukrainian separatists. But the pretext is not sanctions Ś it's ethics. Still, the idea will be highly difficult for President Vladimir Putin to transmit, as there are few people who can take the moral high ground in the Russian establishment.
While the EU's harshest sanctions against Russia to date do target major sectors of the Russian economy, great care has been taken to avoid damaging the energy industry, where Europe is loath to disrupt supplies of vital Russian gas.
Eighty-two percent of Russians believe the Ukrainian army is to blame for the downing of Malaysia Airlines Flight MH17, a poll released Wednesday by the independent Levada Center showed, as the investigation into the tragedy suffered yet another setback Wednesday.
Russian bank VTB Bank on Wednesday declared U.S. sanctions politicized and "completely inappropriate" but said that they will not prevent the bank from raising capital when needed, while Bank of Moscow and Rosselkhozbank, also struck by Washington, said the measures will have little impact on their business.
Moscow's soaring drug-use and distribution rates have launched the city into the clutches of a "pre-crisis situation," city authorities warned on Wednesday.
Arts & Ideas
Russia and Abroad
Welcome to Russia-France business supplement, published by The Moscow Times in collaboration with the French-Russian Chamber of Commerce and Industry (ĐCIFR). This publication is devoted to strengthening bilateral relations between Russia and France and demonstrates the significant potential of French-Russian strategic partnership.
Russia and the U.S. have one of the fastest-growing business relationships. The Moscow Times first special report on Russian-US trade, in association with the American Chamber of Commerce in Russia, gives an insight into key issues affecting trade: Building relations with government, localizing your production and distribution, and complying with anti-corruption laws. It also takes a look at branding, the advertising market and the small but growing feature of Russian investment in the U.S.
Moscow Times Guides
Russiaĺs hotel and hospitality business is booming ľ with uniquely designed hostelries, updated Soviet chic, more spaces to congregate and celebrate, and summer menus to welcome the warm weather.
Ten years ago you seemed to wait forever for a seat in the sun.
At the first hint of spring the English, umbrella under arm, grasp a picnic basket, or root under a raincoat to light a barbecue. In Russia, I was told, you had to be sure the snow would not return. If you were cautious, like business people, that meant waiting... through May... and into June, before you were sure the weather wouldn't freeze your battens and or whip your canvas awnings.