Russia has been downgraded to junk status for the first time in a decade due to the collapsing oil price, the tumbling value of the ruble and sanctions imposed because of its intervention in Ukraine. Ratings agency Standard & Poor's said the downgrade was caused by the country's reduced flexibility to cut interest rates and a weakening of the financial system.
Of all the possible reactions to a financial crisis, building a vacation home is perhaps one of the most unlikely. And yet, this is exactly what is happening in Russia right now. The number of orders to build houses and dachas on empty plots has soared three times since the end of last summer, a report by construction company Nanokarkas found.
Russian businessman Vladimir Yakunin, a close assistant of President Vladimir Putin, who was blacklisted by the USA after the annexation of Crimea last year, is taking part in a conference on the end of the Holocaust in Prague on Jan. 26.
Belarus has begun the process of "de-Russification" in schools and throughout the nation, local news website BelNovosti informs on Jan. 26. The move by the nation of 10 million people -- tightly controlled by President Alexander Lukashenko -- is signal that Belarus may be trying to distance itself politically from Russia.
BRUSSELS/PARIS - Poland led EU criticism of bilateral farm deals with Moscow on Jan. 26 following a French accord with Russia to lift its ban on live pig and pork imports, saying they broke the "principle of European solidarity".
As Alexander Litvinenko lay dying from radiation poisoning in 2006, he named the man he thought had ordered his murder: Russian President Vladimir Putin. More than eight years on and with the U.K.-Russia relations at their iciest since the Cold War, an inquiry is opening into the killing of the Russian intelligence agent turned Kremlin critic.
MOSCOW - Russian security forces raided independent Crimean television station ATR on Jan. 26, seizing equipment and telling employees they were looking for archival footage of an anti-Russia protest last year, station officials said.
MOSCOW - Russian officials struck a defiant note on Jan. 26 after Western leaders threatened to further punish Moscow for escalated fighting in eastern Ukraine over the weekend.
Germany's foreign minister hinted at further sanctions on Russia on Jan. 26, saying the European Union would have to react if pro-Russian separatists launched a broad offensive on the east Ukrainian port city of Mariupol.
Any attempt to increase economic pressure on Russia over violence in Ukraine is "absolutely destructive, unjustifiable and ultimately short-sighted", Kremlin spokesman Dmitry Peskov was quoted as saying on Jan. 26.
The European Union will probably tighten sanctions linked to the conflict in Ukraine following a renewed assault by pro-Moscow rebels in the former Soviet Republic’s eastern regions, Latvian President said.
The U.S. President Barack Obama has said he is alarmed by the escalation of the conflict in eastern Ukraine and is ready to increase pressure on Russia.
US President Barack Obama says the United States is considering all options short of military action to turn up the pressure on Russia after Moscow-backed separatists launched a new offensive in eastern Ukraine.
The ruble tumbled the most in two weeks and stocks slid for the first time in four days on concern escalating bloodshed in Ukraine will lead to tougher sanctions against Russia.
The grandson of Joseph Stalin has denied the Soviet tyrant was a 'bloodthirsty cannibal' and has blasted current Russian President Vladimir Putin as having a 'lack of brains'.
MOSCOW - It was the silence, the smell of ashes and the boundless surrounding expanse that struck Soviet soldier Ivan Martynushkin when his unit arrived in January 1945 to liberate the Nazi death camp at Auschwitz.
MOSCOW - Eat less, use beetroot instead of lipstick, swap French lingerie for Russian-made cotton panties and remember that hardships are a test from God.
Vkontakte, Russia's second most visited website after Yandex and country's largest social network, with 280 million accounts worldwide, was down in Russia for more than an hour on Jan. 24, before slowly being restored.
DAVOS, Switzerland — On opening night at the annual gathering of the moneyed here, Russia’s state-owned bank VTB put on a lavish party, with dancers in gorgeous versions of Russian traditional dress, Russian-style nouvelle cuisine and raucous music by, among others, the Balkan film director Emir Kusturica.
Moscow - The Latvian State Language Center's appeal to the country's residents to use only the Latvian language at work constitutes discrimination against ethnic groups other than the Latvian one, Russian Foreign Ministry spokesman Alexander Lukashevich said.