Russia

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Visa, MasterCard Stop Processing Bank Rossiya's Card Transactions

Visa and MasterCard stopped processing transactions for holders of cards, issued by Russia's bank Rossiya, the bank said.

"The management of Rossiya understands the difficulties of clients in the current situation and will do all it can to solve them," the bank said in a statement.

Key South Stream Shareholder Doubts Its Future

The future of the South Stream pipeline is unclear and probably it will not be realized soon, said the head of the Italian company Eni, Paolo Scaroni. 

Eni is one of the key shareholders in the project and holds 20% of its shares. Eni is the largest Italian gas company and the main distributor of gas from Russia's Gazprom in Italy.  

Bulgarian Minister: EU Sanctions against Russia Still Not Unavoidable

Bulgaria will be among the countries wost affected by EU sanctions against Russia, according to Foreign Minister Kristian Vigenin.

In a Friday interview for the morning broadcast of TV7, he insisted that the European Union and Russia had to make another serious attempt to return to the negotiating table.

Kosovo Serbs want ideas of dismembering Serbia condemned

KOSOVSKA MITROVICA - The mayors of the northern Kosovo-Metohija municipalities have urged EU representatives to publicly condemn ideas of dismembering Serbia, voicing their disappointment at the diplomatic silence following a statement by "ethnic Albanian terrorists in southern Serbia who are threatening with secession of a part of Serbian territory."

EU Adds Names To Sanctions List, Fails to Agree On Economic Sanctions

The EU has imposed sanctions on another 12 individuals over Russia's annexation of Crimea from Ukraine, but failed to agree on economic sanctions. 

With this the total number of persons on the sanctions list reached 33. 

Meanwhile, the EU leaders warned that further economic sanctions can be imposed on Russia, if the situation in Ukraine deteriorates. 

Fitch Lowers Russia's Outlook to 'Negative'

On Friday the Fitch rating agency lowered its outlook on the Russia economy to 'Negative' from 'Stable', citing the potential impact of the sanctions.

The agency confirmed Russia's “BBB” rating.

“The revision of the outlook to negative reflects the potential impact of sanctions on Russia’s economy and business environment,” Fitch said in a statement.

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