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Putin urges to develop Russian science to fend off sanctions ST PETERSBURG: President Vladimir Putin said on Monday that Russia should make a leap in developing its fundamental science after Western powers limited the country's access to modern technology as part of sanctions over Moscow's actions in Ukraine.The West has introduced sanctions against Russia, ranging from visa bans and asset freezes to restricting its access to foreign drilling technologies, key to Russia's development of untapped Arctic oil and gas deposits.Speaking to a government meeting, Putin said the ban could stimulate Russia to develop its own technologies."This is not very good, but it could also possibly play into our hands," he said. "The existing circumstances have an evident plus too: Russia has gained a new impulse towards scientific and technological development."Washington banned imports of high technology oil equipment to Russia and imposed sanctions on Russian oil majors, including Rosneft, Lukoil and Gazpromneft prohibiting Western firms from supporting their activities in exploration ...

Russia says committed to Ukraine ceasefire talks this week MOSCOW: Russia is committed to holding another round of talks this week in the Belarussian capital Minsk on ending violence in eastern Ukraine, a senior Kremlin aide said on Monday.Ukrainian President Petro Poroshenko has said talks could take place involving Kiev, Moscow, representatives of pro-Russian separatists and the European OSCE watchdog.Yuri Ushakov, the top foreign policy adviser to President Vladimir Putin, told reporters Russia was ready "to do everything to have the contact groupCopyright Reuters, ...
Turkey ranked No. 1 in world for aid provision ISLAMABAD: Turkey is No.1 in the world for the provision of humanitarian aid, according to the 2013 report by the Turkish Cooperation and Coordination Agency released.Turkey managed $4.3 billion in humanitarian aid sent through its official channels and non-profit organizations around the world, and that amount, with respect to Turkey's Gross National Product, ranks it as first in the world.Countries are ranked in the report by the amount of aid provided with respect to the ...
Merkel says France and Italy must do more on reforms BERLIN: German Chancellor Angela Merkel said in a newspaper interview on Sunday that both France and Italy needed to do more on the reform front to ensure that their 2015 budgets respected European Union fiscal rules.Last month, the European Commission postponed until March a decision on whether the budgets of both countries conformed with EU rules, while making clear that France was at risk of "non-compliance".Unless further steps are taken by the new deadline, the ...
Merkel says Russia punishing countries for leaning towards EU BERLIN: German Chancellor Angela Merkel accused Russia on Sunday of interfering in the domestic affairs of numerous countries that are seeking closer ties to the European Union."Moldova, Georgia and Ukraine are three countries in our eastern neighbourhood that have taken sovereign decisions to sign an association agreement with the EU," Merkel told German daily Die Welt in an interview."Russia is creating problems for all three of these countries," she said, pointing to "frozen conflicts" in ...
Putin discusses energy cooperation with Serbian, Hungarian leaders MOSCOW: Russian President Vladimir Putin discussed energy cooperation with the leaders of Serbia and Hungary, the Kremlin said in a statement on Sunday, days after Moscow decided to scrap the South Stream pipeline project.The decision to drop the seaborne gas route, that was supposed to go through Hungary and Serbia, was announced during Putin's visit to Turkey last week.Putin had said Russia was instead planning to build a pipeline to Turkey and could set up ...
Made in Ukraine: local products get boost in war-wracked nation KIEV: From the president's wife to thrifty students, a growing number of Ukrainians are buying local as rising patriotism and a boycott of Russian goods sees them support the domestic market.Tucked away far from the city centre and hard to find, the showroom for local clothing brand "Must Have" used to be empty most of the time. Nowadays it is buzzing."There was no chance that someone would just come here accidentally. We are not a ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln