Who would have thought a unitary superpower on Earth would accelerate a return to regionalism in place of globalization? For all those who deem ‘Financial Innovation’ to be an oxymoron, that brilliant invention the credit card springs to mind. [...]

Most of the Ukrainian military personnel serving in Crimea have chosen to stay on the peninsula and already applied for Russian citizenship, Defense Minister Sergey Shoigu said at a top-level military meeting. Most of these people showed an intention to continue their service in the Russian military forces and were granted that opportunity, the minister said at the Friday military collegium. [...]

The United States has suspended contact between NASA and its Russian counterpart over the ongoing situation in Ukraine. Only ongoing International Space Station cooperation will continue through the freeze in relations. NASA associate administrator Michael O’Brien said in a memo sent Wednesday that all missions with Russia’s Roscosmos are on hold indefinitely, UPI reports. [...]

US and European sanctions against Russia are designed to "€œpunish'€ its actions in Crimea. However, instead of forcing Russia into economic and political submission, the sanctions will spur the country to greater political and economic independence. [...]

Moscow will make Crimea a special economic zone with tax breaks to attract investors, Russian Prime Minister has announced at a government session in Crimea'€™s capital Simferopol.  “We made a decision to make Crimea a special economic zone,” Medvedev said. “Today the state duma began reviewing this legislation.” [...]

Following Congress'€™ decision to approve a $1 billion aid package to Ukraine last week, former libertarian Congressman Ron Paul has published an op-ed strongly criticizing it as a bad deal for both American taxpayers and Ukrainian citizens. In the column, published by Ron Paul Institute for Peace and Prosperity, the iconic libertarian said the bill effectively puts the International Monetary Fu [...]

The combat dolphins of Crimea will now serve the Russian Black Sea Fleet. They will assist divers in searching for sunken ships and lost underwater equipment, Russian naval forces said. The research facility called Kazachya Bukhta, not far from Sevastopol, which explores the military use of common bottlenose dolphins, the best-known member of the dolphin family, was founded back in 1965. [...]

The West has not yet reached a stage where it will be ready to impose economic sanctions on Russia, German Chancellor Angela Merkel said, stressing that she hopes for a political solution to the stalemate over Ukraine crisis. The chancellor said she is “not interested in escalation” of tensions with Russia, speaking after Wednesday meeting with the South Korean president in Berlin. [...]

President Obama's key speech in Brussels on Ukraine and attempts to isolate Russia appears to be an exercise of omission, mutually-exclusive statements and unveiled double standards. Here's a quick look at what Obama told an audience of some 2,000 people in his damning 30-minute speech. [...]

Moscow'€™s actions in the Crimea are comprehensible, former German chancellor, Helmut Schmidt said, criticizing the Western reaction to the peninsula'€™s reunification with Russia. President Vladimir Putin’s approach to the Crimean issue is “completely understandable,” Schmidt wrote in Die Zeit newspaper where he’s employed as an editor. [...]

The standoff between Russia and Ukraine still hints at World War III, but a media battle has been the main center of conflict -€“ much of it coming from a hacked phone call posted on YouTube. The voices are clear, but the tone is downhearted and dispirited. The call, in English, apparently came from EU Foreign Minister Catherine Ashton'€™s office on Feb. 26, seeking an update from Estonian For [...]

Only about a ninth of Ukrainian military personnel currently doing service in Crimea have made a decision to leave the peninsular, Russia'€™s Defense Ministry announced on Saturday. “As of March 21, less than 2,000 out of 18,000 soldiers of Ukrainian military forces, who are currently stationed in the Republic of Crimea, have wished to leave for Ukraine,” says the Ministry’s statement. [...]

Russia is not clinging to the G8 format, as all major world problems can be discussed at other international venues such as G20, Russia'€™s Foreign Minister Sergey Lavrov has said. “The G8 is an informal club, no one gives out membership cards and no one can expel members,” Lavrov told a media conference at the Hague. [...]

A new opinion poll has revealed that the majority of Germans recognize the accession of Crimea to Russia. At the same time, most of them also view the West'€™s response as appropriate. The public opinion poll was conducted by TNS Research at the request of Der Spiegel. [...]

Luke Harding: Lenin's statue still stands in Donetsk where loyalty to the old regime and Russian propaganda have inspired protests against the Kiev 'fascists'. But is this really the next Crimea? In Donetsk's main square, Ukraine's communist leader, Petro Symonenko, was giving an impromptu address to the party faithful. [...]

Recent events are both a knee-jerk reaction by Putin and a culmination of his years of grievances with the international order. When Vladimir Putin summoned the entirety of Russia's political elite to the St George's Hall of the Kremlin to announce that Russia would "welcome back" the territory of Crimea last week, the atmosphere was almost as if they were celebrating a military victory. [...]

Belarusian President Aleksandr Lukashenko has stated that his country accepts that Crimea is now de-facto a part of Russia. "We agree with the Russian Federation on that," the leader said. “Crimea isn’t an independent state. It’s part of the Russian territory. One can recognize or not recognize that, it will change nothing,” Lukashenko told journalists in Minsk on Sunday. [...]

Belbek commander reportedly taken away by Russian troops as Obama hopes to increase Russia's isolation on upcoming Europe trip. The White House on Saturday responded cautiously to the news that Russian troops had forced their way into a Ukrainian airbase in Crimea. [...]

Western sanctions might push Russia to deepen cooperation with BRICS states, in particular, to strengthen its ties with China, which will possibly turn out to be a big catastrophe for the US and the EU some time later. On March 18, the spokesperson for the Kremlin, Dmitry Peskov, claimed in a BBC interview that Russia would switch to new partners in case of economic sanctions being imposed by the [...]