Lenta price range narrows February 25, 2014 The Russian hypermarkets group led by the Dutch businessman Jan Dunning has narrowed the price range for new stock that will be issued in its imminent London listing. The price range for Lenta is now between $10 and $11 per global depositary receipt (GDR), compared to an earlier range of $9.50 and $11.50. Five GDRs [...]
Moscow gives new Kiev leaders chilly reception February 24, 2014 POLITICAL tensions worsened in the disordered aftermath of Ukraine’s change in government yesterday, as the Russian state balked at the new administration’s overtly pro-European stance. Ukrainian finance minister Yuriy Kolobov announced yesterday that the country was seeking about $35bn (£21.03bn) in financial assistance over the next two years. Following the recent violence in Kiev and [...]
Letters to the Editor – 25/02 – Intimidated Russia, Best of Twitter February 24, 2014 Intimidated Russia [Re: Russia must back down over Ukraine to avoid a catastrophe, yesterday] The situation with Russia is more complicated than generally appreciated. Suppose the communist system of the USSR had triumphed and that, one by one, European states had applied to join that Union, and were then invited to join the Warsaw Pact. [...]
Ukraine’s next government has 2 big challenges to face February 24, 2014 With Ukrainian presidential elections scheduled for May, the next government will have to return stability to an area that's seen mass protests since last November. The current government is unlikely to last beyond those elections. Former prime minister Yulia Tymoshenko has ruled herself out of the running for the current government, after being released from [...]
Europe and Russia spar over Ukraine February 24, 2014 UKRAINE was at the heart of a diplomatic and financial battle between Europe and Russia last night, as the struggle for influence in the wake of the country’s revolution intensified. After absent President Viktor Yanukovich was ousted from his position and a key ally of former Prime Minister Yulia Tymoshenko took his place, the EU [...]
Russia must back down over Ukraine to avoid a catastrophe February 24, 2014 VLADIMIR Ilyich Lenin was a monster. He was a central theorist of communism, a key player in the Bolshevik revolution, a commissar, a leading instigator of the Red Terror and other massacres, and the first leader of the Soviet Union. For decades, busts of Lenin adorned the communist empire; they were finally torn down in [...]
GB miss chance to bag farewell medal in Sochi February 23, 2014 TEAM GB pilot John Jackson hopes his four-man bobsleigh team did the nation proud yesterday, despite narrowly missing out on a medal as the curtain came down on the Winter Olympics in Sochi. Jackson’s crew finished fifth following yesterday’s fourth and final run, an agonising 0.11 seconds off a bronze medal, as Britain paid the [...]
Ukrainian protestors forge deal with President Yanukovich February 21, 2014 President Viktor Yanukovich and three opposition leaders have signed an agreement that is expected to end the lethal clashes of recent weeks. The deal should see early elections and other provisions to improve the democratic functioning of the country. Opposition forces and police have met on the streets of Ukraine's capital city, Kiev, seeing at least [...]
EU sanctions as Ukraine burns February 20, 2014 HOPES of a resolution to the growing crisis in Ukraine have faded with violent clashes claiming the lives of 75 people since Tuesday. European leaders last night voted to impose sanctions on the country after talks between three EU foreign ministers and the Ukrainian government broke down without a resolution. The sanctions include asset freezes, [...]
Ukraine’s crisis sits on a knife edge as protest morphs into revolution February 20, 2014 THERE is almost nothing more difficult for a political risk analyst than assessing the dynamics of a revolution, a situation in which long-held conventional wisdom can be upended in a matter of minutes. For only one question matters in Kiev today: what is the likely end game for Ukraine, and how do we get there? [...]