Ukraine said Wednesday it will quickly hike domestic gas prices by up to 50%, to meet a key loan condition set by the IMF. Ukraine owes €46bn. Without foreign loans it won't be able to cover its debts.
Ahead of a key meeting with creditors in Caracas about $60 billion of debts, the president has insisted Venezuela will never default on its debt. Meanwhile, the EU has moved to impose sanctions including an arms embargo.
The crisis in Ukraine was the impetus for NATO to reinvent itself, but is the alliance sufficiently invested in resolving the conflict itself? No one will declare the Minsk Agreement dead, but it's hard to find a pulse.
Following months of violent protests, Venezuela is meeting with creditors to discuss ways out of what seems to be inevitable default. Meanwhile, the EU slapped a new set of sanctions on the South American nation.
Germany's top spy, Bruno Kahl, has delivered a dramatic warning about Russia's military ambitions in the European Union. But some analysts think that such alarmism only plays into the Kremlin's hands.
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