rouble
By Stelios Orphanides While the increasingly stricter anti-money laundering (AML) practices applied in the Cypriot financial system in recent years are already disgruntling businesses, the...
Hoteliers expect more tourists in 2016 as sterling, rouble weaken
By Stelios Orphanides Hoteliers are “cautiously optimistic” that the island’s tourism industry may see a further boost in 2016 even if the weaker British pound...
Putin says Russia is weathering sanctions storm
By Timothy Heritage President Vladimir Putin said on Friday Russia had a “sufficient supply of inner strength” to overcome its economic problems and assured investors...
Ukraine’s Poroshenko warns of Russian invasion threat after fighting surge
By Richard Balmforth and Pavel Polityuk Ukraine’s president told his military on Thursday to be prepared for the possibility of a “full-scale invasion” by Russia...
Putin defiant over economy, Ukraine in annual phone-in (Updated)
By Denis Pinchuk and Timothy Heritage President Vladimir Putin tried to reassure Russians over the ailing economy and said Washington wanted “vassals” rather than allies...
Russians stand in line to mourn by coffin of slain Nemtsov (Update 2)
By Alexander Winning and Gabriela Baczynska Thousands of Russians, many carrying red carnations, on Tuesday filed past the coffin of Boris Nemtsov, the Kremlin critic...
Cyprus working with Russia to bring Chinese tourists to the island
By Jean Christou Cyprus is working with Russia to bring Chinese tourists to the island, Tourism Minister Giorgos Lakkotrypis said on Thursday. The minister was...
Belarus devalues currency again to protect against Russian economic fallout
By Andrei Makhovsky Belarus took further emergency steps on Thursday to defend itself from economic turmoil in Russia, devaluing its currency by around 7 percent...
CTO scrambles to salvage losses from Russian market
Tourism authorities are intensifying efforts to minimise losses from an expected drop in arrivals from Russia due to the economic sanctions imposed on the country...
Arguing over Russian reserves: $400 bln or half that?
By Sujata Rao Defending the rouble has cost Russia around $80 billion this year, and depending on who’s doing the calculations, its usable hard currency...