Sberbank, Russia's largest bank, sees no threat to its business from the political upheaval in Ukraine for now and will be able to absorb losses there thanks to its strong capital base, Chief Executive German Gref told Reuters.
Thousands of anti-government protesters gathered in central Kiev, rebuilding barricades torn down by police, on Thursday as the European Union held out a promise of increased aid for Ukraine if it signed a trade and cooperation pact.
A Ukrainian opposition leader has dismissed the government’s pledge to
sign association and trade deals with the European Union as a "bluff."
The EU has said it will give Ukraine more money if it signs a trade pact, but its list of political conditions is getting longer.
EU commissioner Stefan Fuele promised the extra funds at a press briefing in Brussels on Thursday (12 December) with Ukraine's deputy PM Serhiy Arbuzov.
EU foreign ministers intend to tell their Russian counterpart Sergei Lavrov during a working dinner in Brussels on December 16 that it is unacceptable for Russia to pressure Ukraine, Lithuanian Foreign Minister Linas Linkevicius said.
The European Parliament has said that Ukraine can hold early elections to find a way out of the country's current political crisis.
In a resolution adopted on Thursday, parliament members pointed to "the democratic possibility in any democracy to call new elections when renewed popular legitimacy is needed."
It did not specify what elections it meant: presidential or parliamentary. The regular presidential election in Ukraine is scheduled for 2015, while parliamentary ones are set for 2017.
THE bells of Mikhailovsky Cathedral in the ancient heart of Kiev began to ring in alarm just after 1am on December 11th. As in medieval times this was a sign that the city was under siege, and a call to citizens to come to its defence. Down a steep hill, columns of riot police, in black helmets and bearing metal shields, descended on Independence Square, popularly known as Maidan (square), from three directions. Maidan, the site of revolutionary protests over the past three weeks, seemed to be facing its most critical hour.
KIEV, Ukraine -- As thousands of pro-European-integration protesters were rebuilding barricades in Kiev's Independence Square which were destroyed the previous day by police, Russian President Vladimir Putin maintained a focus Thursday on Ukraine.
Putin, in his annual state of the union address, said that Ukraine’s leaders are continuing to consult with Moscow about about post-Soviet economic reintegration.
KIEV, Dec 12 (Reuters) - Thousands of anti-government protesters gathered in central Kiev, rebuilding barricades torn down by police, on Thursday as the European Union held out a promise of increased aid for Ukraine if it signed a trade and cooperation pact.
Ukraine's first deputy prime minister Serhiy Arbuzov flew to Brussels with a high-level delegation seeking billions of euros of aid from the EU in return for signing the agreement, which Kiev suddenly backed away from last month.
Thousands of anti-government protesters gathered in central Kiev, rebuilding barricades torn down by police, as a delegation headed for Brussels to seek crucial European Union and International Monetary Fund aid.
Ukraine’s government is facing increasing pressure as the U.S. is considering sanctions against the country in response to a crackdown on protesters, while European lawmakers ratcheted up their criticism of Russia.
Russian President Vladimir Putin made a new attempt to woo Ukraine on Thursday after the European Union and United States stepped up efforts to pull Kyiv out of its former Soviet master's orbit.
There is much soul-searching in the regional press after force was used by the Ukrainian government earlier this week in an attempt to remove pro-EU demonstrators from parts of Kyiv.
Ukrainian President Viktor Yanukovych intends to sign a deal on closer European Union ties, the bloc's top diplomat has said, after weeks of mass protests that have rattled the Eastern European country.
BRUSSELS - EU foreign affairs chief Catherine Ashton has voiced doubt on the integrity of Ukraine President Viktor Yanukovych after their second meeting in Ukraine.
Speaking to press in Kiev on Wednesday (11 December) she said the Ukrainian leader: "assured me when I met him that he does intend to sign the [EU] association agreement."
BRUSSELS (AP) — Ukrainian President Viktor Yanukovych "intends to sign" the far-reaching trade and cooperation agreement with the EU that he rejected only last month, the European Union's foreign policy chief said Thursday after talks with the embattled leader.
The European Parliament has stressed the need for the EU to support the involvement of international financial institutions with a view to providing financial assistance to help Ukraine implement reforms connected with the signing of the Association Agreement.
The European Parliament has called on the European Commission to consider the introduction of possible "counter-measures" if Russia exerts economic pressure on Ukraine.
As Ukrainian protests against the government's turnaround on a wide-ranging trade deal with the EU have escalated in recent weeks, the US has often kept a low profile. Sending the wrong signal, goes the thinking, could cause further deterioration in Washington's fraught relationship with Russia on a range of recent foreign policy quandaries.
Ukrainians have been protesting in the streets since November, urging President Viktor Yanukovych and his government to forge closer ties to the West.
Here’s a look at what propelled protesters into the streets, what they’re demanding, and what’s at stake.