Deadly Russian Assault on Odesa Sparks Mourning, Allegations of War Crimes
Tragedy struck the Ukrainian port city of Odesa as Russia unleashed a devastating assault, claiming the lives of five people and leaving over 30 injured
Talks between Russia and Cyprus on a possible financial rescue package have ended without result, Finance Minister Anton Siluanov said on Friday to the chagrin of the crisis-hit country.
"The talks have ended as far as the Russian side is concerned," Siluanov told reporters.
He added that Russian investors were not interested in Cyprus' offshore gas reserves.
Cyprus Finance Minister Michalis Sarris arrived for talks in Moscow on Wednesday, hoping to negotiate a delay in the repayment of Russia's EUR 2.5 B loan.
Russia had initially said it may reconsider the terms of the loan it made to Cyprus in 2011, which was separate from the proposed eurozone bailout.
Michalis Sarris hoped to convince Moscow the repayment on that loan is delayed until 2020, and the interest rate - reduced.
But any tax on bank accounts, even if mitigated by a loan from Russia, would still carry the risk of a serious flight of capital, according to commentators.
Russians account for about a third of all deposits in Cypriot banks, and Russian banks have lent heavily to businesses on the island.
The plan to tax bigger deposits at a higher rate has angered Russia.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Tragedy struck the Ukrainian port city of Odesa as Russia unleashed a devastating assault, claiming the lives of five people and leaving over 30 injured
Chinese President Xi Jinping is embarking on a six-day tour of Europe amidst escalating trade tensions with the European Union and concerns over China's support for Russia. The trip, Xi's first to the continent since 2019, includes visits to France, Serbi
During the World Economic Forum, United States Secretary of State Anthony Blinken raised concerns over Russia's unprecedented pace of weapon production, comparing it to historical records, including the Cold War era of the USSR.
A recent report by a group of Western insurers has shed light on Russia's ability to circumvent Western oil sanctions, revealing that measures aimed at capping Russian oil prices have proven ineffective and have inadvertently fueled a surge in gray zone a
The impending enforcement of the new mobilization law, slated to target all able-bodied men between the ages of 25 and 59, has instilled a sense of dread and desperation among Ukrainians
A devastating Russian rocket attack on an educational institution in the picturesque seaside park of Ukraine's Black Sea port, Odesa, has left a trail of destruction and claimed the lives of four individuals
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022