More sanctions against Russia approved by US

US President Obama has decided to increase sanctions against Russia by targeting large banks that support large energy and defense firms. Instead of targeting individuals connected with Russian support of operations in Ukraine and Putin’s inner circle, this new move is far more sweeping. According to White House statements, it will not cut off entire…

Russia and China Spearhead BRICS Development Bank

A BRICS Development Bank will be launched this coming week, and expected to become operational in 2016. The new global banking organization will largely be bankrolled by Russia, China and India, three of the five BRICS nations, the other two being Brazil and South Africa. The organization is being developed largely as an alternative to…

Ukrainian Separatists retreat to last stand

Separatist militias in the Ukrainian cities of Donetsk and Luhansk have retreated to fortified barricades in anticipation of advancing government forces through the eastern provinces. Key bridges into the towns have been blown up, and separatist leaders complain of having been abandoned by Russia. Ukrainian government officials said that they succeeded in sealing the previously…

Ukrainian Military Breaks Cease Fire, Launches New Offensive

The already caustic Russia-Ukraine relationship has worsened yet again as a Ukrainian military offensive ripped into areas of the country’s east plagued by fighting and partially controlled by pro-Russia rebels. The violence, which had ostensibly drawn to a halt, albeit only temporarily as the two sides agreed to a cease fire, has erupted anew with…