Arms producer Kalashnikov and oil giant Rosneft are among Russian companies hit by a new round of EU sanctions, which have come into effect Friday morning upon being published in the EU Official Journal. The sanctions target the finance, energy and defense sectors. The union has restricted three Russian energy companies from raising long-term debt on European capital markets – Rosneft, Transn [...]

Moscow will take “appropriate measures” in response to possible new sanctions from the European Union, the Russian Foreign Ministry's spokesperson said. “On many levels, the Russian leadership has made it clear that we’ll take adequate measures and our response will be absolutely comparable with the actions by the EU,” the Foreign Ministry spokesman said at briefing in Moscow. [...]

European Commission head Herman Van Rompuy confirmed the EU will unleash a new round of sanctions against Russia on September 12. The economic sanctions will reportedly target Russia's energy, finance, and defense sectors. The new limitations will come into effect after they are published in the official journal of the European Union on Friday. [...]

EU Trade Commissioner Karel De Gucht wants to see oil and natural gas exports from the US to Europe included in the forthcoming transatlantic trade deal which will create the world's largest free trade zone. Europe wants US oil and gas to help offset its dependence on Russian energy. About 30 percent of Europe’s total gas requirement comes from Russia, approximately half of that is vulnerable [...]

A group of high-profile trade unions have backed a growing campaign opposed to a new transatlantic trade deal critics claim will make the privatization of Britain's National Health Service (NHS) irreversible. Three of the UK’s largest unions have tendered motions to the Trade Union Congress (TUC) in Liverpool, outlining their opposition to the cross-border agreement currently being negotiated [...]

After international summits end, there is always a collective sigh of relief. So it was with the NATO meeting in Wales that ended on September 5. All NATO leaders got something out of the Euro-Atlantic gathering, even if it wasn’t what they had wanted during the run-up to the summit. There were reassurances for NATO’s Eastern European members and promises of technical assistance to Ukraine [...]

Major airlines saw stock shares nosedive on Wednesday, after media reports said that Russia could block flights over Siberia. However, Russian Foreign Minister Sergey Lavrov said the reports are simply rumors. “I’m not an advocate of using the method of bans and creating real problems for passengers, ordinary citizens who have absolutely no connection to the actions of those who unleashed t [...]

As the ceasefire in Ukraine gets off to a shaky start, the only way to rebuild the billions of dollars of damage in the nation's east is for the EU and Russia to work together, Lode Vanoust, former MP and deputy speaker of the Belgium parliament, told RT. First off, Kiev has now agreed to what appears to be a major concession, decentralization of power, which wasn’t even on the negotiating ta [...]

Just two days after the President of Ukraine and Russia both expressed a desire to resolve the conflict in Ukraine peacefully, representatives from the two self-proclaimed republics in East Ukraine and Kiev’s government agreed to a ceasefire after meeting behind closed doors in Belarus. Interesting timing considering that on Wednesday, after his phone call with Poroshenko, President Putin p [...]

We are at the beginning of an epoch where at some point in the future there could be an open war between the advanced powers, and there is not much faith in the ceasefire in Ukraine, Samir Dathi, National Officer of the Stop the War Coalition, told RT. Ukraine's President is confident about a ceasefire - do you think he's right to be? [...]

Lithuania has asked the European Commission to allocate €46 million ($60 million) as compensation for Russian food embargo losses. Slovakia has also asked the EU to lift some sanctions against Russia to partially allow exports. Vilnius is expecting to receive at least part of the requested compensation, as Brussels sees Lithuania as one of the countries most affected by the Russian sanctions, [...]

The European Central Bank unexpectedly cut interest rates to 0.05% from 0.15% in a strong response to combat deflation. The move comes as the EU is struggling to boost its stagnating economy, which Draghi. “Growth recovery was losing momentum,” ECB President Mario Draghi said at the news conference after the announcement was made to cut rates further. [...]

Britain could conduct airstrikes in Syrian regions captured by Islamic State (IS, formerly ISIS) militants, UK Prime Minister David Cameron has said. He added that he did not need permission from Syrian President Bashar Assad. Speaking at the start of the NATO summit in Wales on Thursday, Cameron said he did not recognize Assad as a legitimate leader, labeling him as “part of the problem.” [...]

The recurring motif in discussions on the sidelines of the NATO summit taking place on September 4–5 in Wales is this: “But what can NATO do for Ukraine?” The presence of Ukrainian President Petro Poroshenko at the gathering seems to indicate that the Western alliance has somehow made itself Ukraine’s guarantee power. But this is only true in a largely symbolic sense. In real terms, the [...]

Russia's decision to impose a food embargo in response to Western sanctions may cost the European Union €5 billion ($6.6 billion) a year, according to an internal EU document. "The overall temporary restrictions currently applied by Russia potentially jeopardize €5 billion worth of trade," the report seen by Reuters states. [...]

The debate over Germany's insistence on euro-zone austerity has flared anew as an ailing France continues to demand economic stimulus. The European Central Bank may now be siding with Paris, leaving Merkel looking increasingly alone. The chancellor peered at her impassioned interviewer as if he were some kind of rare insect. [...]

The EU is considering forbidding all Russian state-owned firms from borrowing or raising money on European capital markets in the possible next round of sanctions against Russia being prepared by the European Commission. This and other proposals were discussed at a meeting of European ambassadors in Brussels on Monday, Reuters reports citing diplomatic sources. [...]

With the escalating Ukrainian crisis towards the top of the agenda at this week's NATO summit in Wales, a group of former American intelligence workers is urging the alliance to be careful before crafting a response. Sixty foreign leaders and dozens of diplomats and defense officials from around the globe will convene at the event this week and are expected to approve a plan that calls for asse [...]

After months of failed telephone diplomacy between Angela Merkel and Vladimir Putin, hardliners are gaining the upper hand in discussions over the appropriate response to Russia. They may soon prevail with demands that go far beyond new economic sanctions. [...]

Alarmed at the anti-Russian hysteria sweeping Official Washington – and the specter of a new Cold War U.S. intelligence veterans took the unusual step of sending this Aug. 30 memo to German Chancellor Merkel challenging the reliability of Ukrainian and U.S. media claims about a Russian “invasion.” [...]

Moscow is to review its military doctrine, a move that is caused by expansion of NATO in Eastern Europe, problems of missile defense and the crisis situation in neighboring Ukraine, says an official from the Russia's Security Council. “I have no doubts that the issue of drawing of military infrastructure of NATO member-countries to the borders of our country, including via enlargement, will r [...]

Russian Parliament speaker Sergey Naryshkin has accused the US of influencing the EU into imposing sanctions on his country without knowing "the actual reasons behind the situation in Ukraine" and says Europe "will have to pay the price for this policy." The European Union recently put you on its blacklist. You are even banned from traveling to Europe. It is a pretty unique situation for the sp [...]