Both the US and the EU are stepping up their sanctions against Russia over its annexation of Crimea. So far it has all been very personal; both the US and the EU have focused on making life difficult for key individuals in and around the Kremlin and President Vladimir Putin. But that is unlikely to be the end of it. Both the US and the EU have threatened to impose further, broader, sanctions on the Russian economy. So in terms of trade, what might they target?
Europe’s response to the Crimean crisis
Ben Hall is joined by Peter Spiegel, Brussels bureau chief and Neil Buckley, East Europe editor to discuss Europe’s response to Russia’s summary annexation of Crimea, the first such grab for sovereign territory by a European nation since the second world war. President Vladimir Putin’s move has prompted outrage in European capitals, and the muscular tone of his speech to the Duma on Tuesday will have triggered some alarm about Russian intentions. But Europe’s response so far seems timid, as governments weigh their economic interests with standing up to Russian aggression.
By Stefan Wagstyl
All this talk of fascism: the most abused and overused word in the political dictionary is once again being royally abused and overused.
For weeks, Russian propaganda has portrayed the protesters in the Kiev Maidan as fascist, along with the interim government, and most of western Ukraine. Now Oleksander Turchynov, Ukraine’s interim president, has returned the compliment – and called Russian president Vladimir Putin a fascist.
A few weeks ago, even Europeans were paying little attention to events in Ukraine. Now the whole world is watching. This is because the Russian incursion into Ukraine is widely seen as a direct challenge to the US-led world order. If President Vladimir Putin gets away with it then other governments, such as China and Iran, may decide defying America is getting less risky.
The stand-off continues. The ultimatum, reportedly given by Russia to Ukrainian military forces in Crimea to surrender by 5am (3am GMT), passed without incident. Russian President Vladimir Putin has given a press conference in which he stepped back from the brink of confrontation but insisted Viktor Yanukovich was toppled in an “unconstitutional coup”. The US continues to press for full withdrawal of Moscow’s troops from Ukrainian territory. Global equities traded higher and haven assets retreated as markets reacted with relief to an apparent easing of tensions.
By Shannon Bond, John Aglionby and Amie Tsang with FT correspondents around the world
The stand-off between Russia and the G7 over Moscow’s intervention in the Ukrainian region of Crimea continued on Monday. Financial markets reacted sharply to developments: fears of a war wiped a tenth off the value of Moscow’s stock exchange, sent the rouble tumbling to an all-time low and pushed up the price of commodities. At the UN in New York, the security council meeting turned into a showdown between Russia and several other nations, including the US and UK, which strongly condemned its incursion on Ukraine’s territorial integrity. And tensions were high in Crimea where it was reported Russia had given Ukrainian military forces an ultimatum to surrender.
By John Aglionby and Leyla Boulton in London, Shannon Bond in New York and FT correspondents around the world
By Gideon Rachman
When the Soviet Union invaded Czechoslovakia in 1968, the Moscow stock market did not crash. That is because there was no Moscow stock market. By contrast, the news that Russian troops have taken effective control of Crimea was greeted, on Monday, by a 10 per cent collapse in shares on the Russian market.
The Sochi Winter Olympics and the image of modern Russia
Even by Olympic superlative standards, the Sochi games are an extraordinary event. The most expensive Olympics ever, these games are the personal project of President Vladimir Putin, bankrolled by the country’s billionaire oligarchs.
In this week’s podcast, Ben Hall, world news editor, is joined by Kathrin Hille, Moscow bureau chief and Neil Buckley, East Europe editor to discuss whether after the build up, snags and negative portrayal in western media, are we now seeing a normal winter Olympic contest?
Mikhail Khodorkovsky (Getty)
As Mikhail Khodorkovsky enters a fourth day of freedom in Berlin after his stunning release from a remote prison colony last Friday, some conclusions can now start to be drawn. All suggest it is premature to get too excited about the implications of the liberation of Russia’s most famous political prisoner.
First, though it may be true – as Mr Khodorkovsky claims – that no formal conditions were attached to his pardon by president Vladimir Putin, the former Yukos oil company chief is in de facto exile. He says he will not return to Russia while a $500m legal claim related to his first conviction on fraud and tax evasion charges in 2005 still hangs over him. The European Court of Human Rights has ruled this claim illegal. But unless Russia’s supreme court strikes it out, Mr Khodorkovsky fears it could be used, at the very least, to prevent him from leaving Russia again if he did go back.
Protesters in Kiev's Independence Square, Dec 2013 (Getty)
November 22 2004 In Ukraine’s second round election, the Central Electoral Commission declares pro-Russian incumbent Viktor Yanukovich the winner. Viktor Yushchenko, the leader of the opposition decries widespread voter fraud and electoral irregularities.
November 23 2004 An estimated 500,000 protestors assemble in Kiev’s Independence Square. The Orange Revolution is born. Ukraine’s Supreme Court suspends publication of the election results pending an investigation.
December 8 2004 Following the Supreme Court’s annulment of the elections, a December re-run of the disputed presidential election is announced. Protesters scale down their demonstration and government employees return to work.