North Korean official visits Russia to discuss trade and political ties

A special envoy of North Korean leader Kim Jong Un left Pyongyang today for Russia to discuss ways to improve trade and political ties. Choe Ryong Hae, a senior official in the ruling Workers’ Party and one of the leader’s close associates, is scheduled to stay in Russia until next Monday. Russia’s foreign ministry has Read more about North Korean official visits Russia to discuss trade and political ties[…]

Can Europe wean itself off Russian gas?

By Christian Oliver and Henry Foy The night shift at Agropolychim, Bulgaria’s biggest fertiliser plant, received a fax at 4.30am on January 6 2009 warning that their gas supply was going to be cut off immediately. The engineers demanded four more hours: an instant shutdown would leave a cocktail of explosive chemicals to congeal in the Read more about Can Europe wean itself off Russian gas?[…]

Irish food businesses ‘hit hard’ by EU-Russia sanctions war

The ongoing tensions between the European Union and Russia over the crisis in Ukraine are creating obstacles for Irish exporters to Russia, according to the Ireland Russia Business Association (IRBA). IRBA, the non-profit which promotes trade links between the two countries, hosted an event with Gerard MacCarthy, Enterprise Ireland’s Russia director at the Irish embassy Read more about Irish food businesses ‘hit hard’ by EU-Russia sanctions war[…]

EU imposes new economic sanctions on Russia over Ukraine

(Reuters) The European Union put into effect on Friday a new round of sanctions against Russia over its role in Ukraine, including restrictions on financing for some Russian state-owned companies and asset freezes on leading Russian politicians. The EU and the United States have been stepping up pressure on Moscow after its annexation of Crimea in March Read more about EU imposes new economic sanctions on Russia over Ukraine[…]

Eurozone business grows in August at weakest pace this year – PMI (03/09/204)

Wednesday 03 September 2014 09.17 by RTE News Markit’s Composite Purchasing Managers’ Index fell to an eight-month low of 52.5, well below July’s 53.8. Euro zone business grew at the slowest rate this year in August as escalating tension between Russia and Ukraine subdued spending and investment, surveys showed today. Signs of slower growth, as Read more about Eurozone business grows in August at weakest pace this year – PMI (03/09/204)[…]

Euro zone factory growth slows in August amid Ukraine tension (01/09/2014)

Monday 01 September 2014 09.17 by RTE News Markit’s August manufacturing Purchasing Managers’ Index came in at 50.7, the lowest in over a year Euro zone manufacturing growth slowed slightly more than initially thought last month as new orders dwindled and factories suffered amid rising tensions in Ukraine, a business survey showed today. Factories barely Read more about Euro zone factory growth slows in August amid Ukraine tension (01/09/2014)[…]