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Ratings agencies Fitch and Moody's slashed Russia's sovereign debt on Thursday to "junk" status, or the category of countries at risk of not being able to repay their debt, a week after Moscow began its assault on Ukraine.
Moody's downgraded the rating on Russian long-term debt from Baa3 to B3 subject to a further review over the West's sanctions
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Read more: Fitch, Moody’s Slash Russia’s Sovereign Debt to Junk
Write comment (91 Comments)Russian journalists who have quit their jobs in state media talked to The Moscow Times about their decision. Most say they did it as a protest against the invasion of Ukraine or out of fear that they would be sent to the war zone to report. Eight journalists working at national television and print media spoke with The Moscow Times anonymously.
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Read more: Russian Journalists Quit State Media
Write comment (95 Comments)China on Thursday denied a report it asked Russia to delay its invasion of Ukraine until after the Beijing Winter Olympics, as international scrutiny grows of warming ties between the two powers.
Beijing has taken a cautious line over the actions of its close ally and President Xi Jinping held a meeting last month with his Russian counterpart where
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Read more: China Denies Asking Russia to Delay Invasion Until After Olympics
Write comment (99 Comments)Russian billionaire Roman Abramovich announced Wednesday he is selling Chelsea FC, in a move to sever his ties with London.
“In the current situation, I have therefore taken the decision to sell the Club, as I believe this is in the best interest of the Club, the fans, the employees, as well as the Club’s sponsors and partners,” Abramovich announc
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Read more: Abramovich to Sell Chelsea as Oligarch Moves to Sever British Ties
Write comment (100 Comments)Russia's Foreign Minister Sergei Lavrov on Thursday accused Western politicians of fixating on nuclear war, one week after Moscow launched its invasion of Ukraine.
"It is clear that World War Three can only be nuclear," Lavrov said in an online interview with Russian and foreign media.
"I would like to point out that it's in the heads of Western
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Read more: Russia's Lavrov Accuses West of Fixating on 'Nuclear War'
Write comment (100 Comments)Music streaming giant Spotify said Wednesday it had closed its office in Russia and removed Russian state-sponsored content from its service.
The move came in response to the "unprovoked attack against Ukraine," Spotify said in a statement, adding it had taken several measures as a result.
"We have closed our office in Russia until further notice,"
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Read more: Spotify Closes Russian Office, Limits Content Over Ukraine
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KILLEDOne killed in shuttle bus plunge | KILLED[Russia] - Ukraine Will Face Severe Hardship if Russia Targets Its Energy Grid This Winter, UN Warns |