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Just like most of the worlds media, The New York Times continues to explore Russia in an attempt to understand and predict Moscows behaviour and designs amid the troubling Ukraine crisis.


The US magazine has dissected the blueprint tabled by the Russian cabinet in response to the deteriorating economic outlook in a no-words-minced piece by contributor Anna Borshchevskaya.


The international press continues to keep Russia under microscope, with the focus on political and economic costs of Russias alleged role in the Ukraine crisis.


The meetings of the OSCE and of foreign ministers of the EU countries will take place against the background of escalating conflict in Donbass, and in particular, the bombardment of Mariupol, which resulted in death of 30 people on January 24th.


The National Security and Defense Council (NSDC) of Ukraine ordered the government of the country to begin the procedure of preparation of the complaint to the Hague Tribunal to recognize the murders of Ukrainians in Donbass as crimes against humanity.


Visa has asked for insurance against failures in the Russian system of payment cards. Visa fears that the National Payment Cards System (NPCS) will fail to cope with the processing of payments on its cards in Russia. It insists on the use of foreign facilities, however NPCS objects to this idea.


The Security Service of Ukraine (SSU) stated that it had evidence on the involvement of Russian citizens in the conflict in Donbass, in particular in the latest events near Mariupol. This was stated at an agencys meeting by its Head Valentin Nalivaichenko.


The Head of the Investigative Committee of Russia arrived in Armenia. He assured that the investigation and legal proceedings against the Russian military man accused of killing seven people would be held only on the territory of Armenia. The Investigative Committees of Russia and Armenia agreed on a joint investigation into the criminal case of massacre in the Armenian city of Gyumri.


The Russian Defense Minister Sergei Shoigu and his Indian counterpart Manohar Parrikar agreed to strengthen cooperation in the field of countering terrorism, as well as collaboration in the military-industrial sector.


The Russian economy is expected to fall by 3% in 2015. This is stated in the IMF report.


The Guardian has published an alarming report on the fallout of the rouble devaluation for Russias neighbors.


The British banking conglomerate HSBC toughened its forecast on the fall of Russias GDP to 3.5%, according to Bloomberg.


Russians sanctions have remained the buzz of the world media, with the outlets looking at different aspects of trade and travel restrictions imposed on Russian individuals, companies and sectors over Russias involvement in the Ukraine crisis.


The international payment system Visa demanded Russian banks to stop service of cards in the Crimea. Visa explains the tough decision by the new package of sanctions imposed by the United States.


Ukraine has decided to suspend railway communications with the Crimea: from December 27 the trains of Ukrzaliznytsya (Ukrainian Railways) moving in the direction of the peninsula will bring passengers only to cross-border stations, and freight transportations will be stopped cold.


The Permanent Representative of Russia to NATO Alexander Grushko stated that the procedure of Ukraines accession to the alliance might be accelerated. According to him, there are certain criteria that must be met for joining NATO. These are, in particular, the absence of internal conflicts or any territorial disputes with its neighboring countries.


The Russian Foreign Minister Sergei Lavrov thinks that Ukraine is still a Union State of Russia. According to his words, it is impossible for Russia and Ukraine to break up.


The European Union imposed sanctions against Russia being under pressure from the USA. This opinion was expressed by the Russian Foreign Minister Sergei Lavrov.


The losses of foreign companies caused by the freezing of the South Stream project will make up at least 2.82 billion euros. The direct losses of European companies may equal 2.5 billion euros. Japanese companies will lose an order for 320 million euros.


The World Bank (WB) raised its forecast for economic growth in Russia in 2014 from 0.5 to 0.7 percent. The forecast for 2015 has been reduced to zero, instead of 0.3 percent growth of the September forecast.


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