Ukrainian anti-government activists are mobilizing for a rally to top the half-million people who flooded Kiev last weekend as President Viktor Yanukovych returns from China and Russia with no aid for the shrinking economy.
OAO Gazprom, Russia’s natural gas export monopoly, vowed to continue the construction of its South Stream pipeline to Europe, saying the European Union’s legal concerns can be clarified as the project moves ahead.
Romania’s banking industry will witness a ‘‘shock’’ increase in its non-performing loan ratio in the last two months of this year following a central bank investigation into lenders’ practices on reporting bad debts.
The International Monetary Fund and European Union put an aid agreement with Romania on hold after the country’s president refused to approve a review of the deal in a dispute over a fuel tax, Prime Minister Victor Ponta said.
Opponents of Ukrainian President Viktor Yanukovych blocked state buildings and thousands of demonstrators crowded streets in subzero temperatures to protest his refusal to sign a European Union trade accord.
Russia will offer cheaper natural gas to Ukraine if the government in Kiev opts to join a Moscow-led economic bloc after halting free-trade talks with the European Union, according to First Deputy Prime Minister Igor Shuvalov.
Ukrainian police clashed with demonstrators after hundreds of thousands of people protested against President Viktor Yanukovych’s refusal to sign a deal bringing the former Soviet state closer to the European Union.
In August, Russian President Vladimir Putin flew to the Black Sea resort of Sochi, where his country is spending a record $48 billion on the 2014 Winter Olympics. A regular visitor, with an official residence in town, Putin watched mixed-martial-arts contests at Oblaka nightclub with Russian Prime Minister Dmitry Medvedev and Kazakh President Nursultan Nazarbayev.