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NATO would have started a war if not stopped by Russia – Iran

Iranian Supreme Leader Ayatollah Ali Khamenei declared on Tuesday that had Russian President Vladimir Putin not “taken the initiative” in Ukraine, the NATO alliance would have launched a war with Russia over Crimea, which Kiev claims as its own land. Speaking alongside Putin in Tehran, Khamenei stated that “as regards …

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Russian gas embargo would dent Italy’s GDP – analysis

An embargo on Russian gas could lead to a serious shortage of fuel crucial for Italy’s industrial and service sectors, according to a study published on Saturday by the association of Italian industrialists Confindustria. “A possible blocking of natural gas imports from Russia, Italy’s main supplier in recent years, could …

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German industry would collapse without Russian gas – association

The backbone of the German economy – its industry – could “collapse” should Berlin decide to impose an embargo on Russian gas, the president of the country’s industry association has warned. Appearing on the Maybrit Illner political talk show on Thursday, Siegfried Russwurm, the president of the Federation of German Industries (BDI), …

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Gas payments in rubles would backfire on EU sanctions – experts

The switch to rubles for gas payments, announced earlier this week by Russian President Vladimir Putin, would force the European Union to circumvent its own anti-Russia sanctions if it wants to keep the gas flowing in, Germany’s Der Spiegel reported, citing economy experts. According to Düsseldorf economist Jens Südekum, in …

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Ukraine says any deal with Russia would be put to a referendum

While hinting at progress in talks with Russia, Ukrainian President Volodymyr Zelensky said on Monday that any “historic” compromises his negotiators agreed upon would be subject to approval by the entire country in a referendum.  “I explained to all the negotiating groups: when you talk about all these changes, and …

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Leonid Gankin: War between Russia & Ukraine would be a nightmare

In the hours following Moscow’s recognition of the Donetsk and Lugansk People’s Republics, analysts have been scrambling to predict what the fallout will be for the country, and for the world. Cutting virtually all ties with the West and seeing its economy crippled by sanctions are both apparently on the …

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