Ukraine: Debt restructuring is agreed thanks to IMF loan

Just as quickly as they began, the Ukrainian debt restructuring talks appear to be over. On Saturday, Kiev agreed to a debt restricting plan with debtholders like Franklin Templeton, PIMCO, and Blackrock as part of the $40 billion IMF bailout agreed to last month. Ukraine has agreed to a debt-swap in exchange for liquidation from…

Iran: Accord Reached, Critiques Commence

A deal setting out the framework of a historic accord between Iran and the P5+1 has been agreed upon in Switzerland. While the final agreement has not been signed and negotiations are expected to go on until the end of June with that end in mind, the initial reaction was optimistic. The presidents of Iran…

Iran Deal: Framework Deal is announced

The long-awaited deadline for the prospective nuclear deal between Iran and the P5+1 Powers has come and gone, but negotiations have continued. The US State Department reported that “enough progress” had been made to merit working through this deadline, but despite the optimism, there is no sign that the most contentious issues have been resolved.…

Gazprom Reports Loss of 70% in 2014

Russian energy giant Gazprom saw its profits drop by 70% in 2014. The drop is doubtless due to the sharp drop in the value of the Russian ruble, low oil prices and the ongoing crisis in Ukraine. Gazprom has been at the center of the conflict in the Ukraine, as its supply of natural gas…