Russia will extend gas price discounts for Ukraine into the second quarter, the Kremlin website quoted President Vladimir Putin as saying Tuesday (31 March). But any further decisions would be taken in three months and depend on the price of oil.
Russia started supplying gas to rebel-held eastern Ukraine today (19 February) after Kyiv suspended supplies because of damage to the networks from heavy fighting, which is continuing despite a ceasefire.
Russia's food import ban has become a big problem for Europe's farmers, and its central bank policymakers. From Polish apples to French pork and Greek peaches, exporters to Russia may either have to slash prices, or destroy their own produce.
Prime Minister Dmitry Medvedev flaunted Russia's grip on Crimea by flying to the region and holding a government meeting there yesterday (31 March), angering Ukraine and defying Western demands to hand the peninsula back to Kyiv.
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