Moscow

Cyprus offers passports to big foreign losers in bailout

Cyprus offers passports to big foreign losers in bailout

LIMASSOL (Cyprus): President Nicos Anastasiades said Sunday that foreigners with bank deposits in Cyprus who lost at least 3 million euros under an EU bailout for the island would be given passports.

“Non-resident investors who held deposits prior to the bailout and lost at least 3 million euros will be eligible to apply for Cypriot citizenship,” he told a Russian business conference in the coastal resort of Limassol.

“We believe that a number of measures to be adopted could on the one hand mitigate to some extent the damage the Russian business community has endured,” Anastasiades said.

He said the measures, primarily affecting Russians, would be approved at a two-day cabinet meeting starting on Monday.

“These decisions will be deployed in a fast-track manner and other measures, currently under consideration,” said the president, whose country sealed an EU bailout last month to rescue it from bankruptcy.

Most of the money being raised by Cyprus to qualify for the bailout is to come from a hit of as much as 60 per cent on more on deposits above 100,000 euros at the Mediterranean country’s two largest banks.

Russians have billions of euros in deposits parked in Cyprus, with estimates ranging from 5-31 billion euros. Moscow was angered when it emerged they would lose part of their money under haircuts demanded in return for an EU bailout.

The government is also examining various scenarios which could permit the compensation of part of the losses which shareholders of banks, holders of debt securities and depositors have suffered, Anastasiades said.

Source: MOLE

Cyprus offers passports to big foreign losers in bailout

Cyprus offers passports to big foreign losers in bailout

LIMASSOL (Cyprus): President Nicos Anastasiades said Sunday that foreigners with bank deposits in Cyprus who lost at least 3 million euros under an EU bailout for the island would be given passports.

“Non-resident investors who held deposits prior to the bailout and lost at least 3 million euros will be eligible to apply for Cypriot citizenship,” he told a Russian business conference in the coastal resort of Limassol.

“We believe that a number of measures to be adopted could on the one hand mitigate to some extent the damage the Russian business community has endured,” Anastasiades said.

He said the measures, primarily affecting Russians, would be approved at a two-day cabinet meeting starting on Monday.

“These decisions will be deployed in a fast-track manner and other measures, currently under consideration,” said the president, whose country sealed an EU bailout last month to rescue it from bankruptcy.

Most of the money being raised by Cyprus to qualify for the bailout is to come from a hit of as much as 60 per cent on more on deposits above 100,000 euros at the Mediterranean country’s two largest banks.

Russians have billions of euros in deposits parked in Cyprus, with estimates ranging from 5-31 billion euros. Moscow was angered when it emerged they would lose part of their money under haircuts demanded in return for an EU bailout.

The government is also examining various scenarios which could permit the compensation of part of the losses which shareholders of banks, holders of debt securities and depositors have suffered, Anastasiades said.

Source: MOLE

Snow claims hundreds of flights across Europe

Snow claims hundreds of flights across Europe

LONDON: Hundreds of flights were cancelled and road and rail traffic was severely disrupted across much of Europe on Monday as heavy snow and freezing weather gripped the continent.

Frankfurt airport, Germany’s main air hub, cancelled around 500 departing and arriving flights, representing 40 per cent of its daily schedule.

The busiest airport in Europe, London Heathrow, scrapped nearly 200 flights.

Heathrow said a decision was taken 24 hours in advance to cancel 130 flights because visibility was expected to deteriorate as the day wore on, but problems elsewhere in Europe were having an impact too.

“The additional cancellations are because a number of airports elsewhere in Europe are experiencing problems so that has a knock-on effect for us,” an airport spokesman said.

Heathrow has spent 36 million pounds ($57 million) on upgrading its snow-clearing equipment since 2010, when freezing temperatures and snow almost brought the airport to a halt in the approach to Christmas.

Europe’s number three airport, Paris’s Charles de Gaulle, was also hit.

France’s civil aviation authority DGAC said it expected to scrap 40 per cent of flights to and from Charles de Gaulle and Paris’s other main airport, Orly, in a precautionary measure following heavy snowfall on Sunday.

Even Munich, a city usually accustomed to taking snow in its stride, cancelled 161 flights at its airport as it grappled with the exceptional conditions.

In Spain, flights bound for Paris, Munich and Frankfurt were hit, leading to the cancellation of 16 flights to and from Barcelona.

Smaller airports in Britain were virtually closed down after fresh snow fell in northern and central England overnight, with planes grounded at Manchester, East Midlands and Leeds Bradford.

Under-sea train services between Britain and continental Europe were also hit, with Eurostar cancelling six trains linking London with Brussels and also Paris due to speed restrictions on the tracks in northern France.

Freezing rain and snow also led to treacherous conditions on railways and roads, causing countless accidents.

In southwestern Germany, police recorded more than 1,000 weather-related accidents and in the northeast, near Berlin, an entire section of motorway was shut to traffic.

In Belgium, three people died and two others were seriously injured when a minibus they were travelling in skidded off the road, overturned and caught fire at a motorway exit near Bruges, local authorities said.

In Moscow, unusually heavy snowfall of almost 50 centimetres caused traffic jams but did not affect flights at its airports, which are well-equipped for snowstorms.

The snowfall over the last four days in the Russian capital exceeded the average for the whole month of January, said Moscow Deputy Mayor Pyotr Biryukov.

Source: MOLE

Snow claims hundreds of flights across Europe

Snow claims hundreds of flights across Europe

LONDON: Hundreds of flights were cancelled and road and rail traffic was severely disrupted across much of Europe on Monday as heavy snow and freezing weather gripped the continent.

Frankfurt airport, Germany’s main air hub, cancelled around 500 departing and arriving flights, representing 40 per cent of its daily schedule.

The busiest airport in Europe, London Heathrow, scrapped nearly 200 flights.

Heathrow said a decision was taken 24 hours in advance to cancel 130 flights because visibility was expected to deteriorate as the day wore on, but problems elsewhere in Europe were having an impact too.

“The additional cancellations are because a number of airports elsewhere in Europe are experiencing problems so that has a knock-on effect for us,” an airport spokesman said.

Heathrow has spent 36 million pounds ($57 million) on upgrading its snow-clearing equipment since 2010, when freezing temperatures and snow almost brought the airport to a halt in the approach to Christmas.

Europe’s number three airport, Paris’s Charles de Gaulle, was also hit.

France’s civil aviation authority DGAC said it expected to scrap 40 per cent of flights to and from Charles de Gaulle and Paris’s other main airport, Orly, in a precautionary measure following heavy snowfall on Sunday.

Even Munich, a city usually accustomed to taking snow in its stride, cancelled 161 flights at its airport as it grappled with the exceptional conditions.

In Spain, flights bound for Paris, Munich and Frankfurt were hit, leading to the cancellation of 16 flights to and from Barcelona.

Smaller airports in Britain were virtually closed down after fresh snow fell in northern and central England overnight, with planes grounded at Manchester, East Midlands and Leeds Bradford.

Under-sea train services between Britain and continental Europe were also hit, with Eurostar cancelling six trains linking London with Brussels and also Paris due to speed restrictions on the tracks in northern France.

Freezing rain and snow also led to treacherous conditions on railways and roads, causing countless accidents.

In southwestern Germany, police recorded more than 1,000 weather-related accidents and in the northeast, near Berlin, an entire section of motorway was shut to traffic.

In Belgium, three people died and two others were seriously injured when a minibus they were travelling in skidded off the road, overturned and caught fire at a motorway exit near Bruges, local authorities said.

In Moscow, unusually heavy snowfall of almost 50 centimetres caused traffic jams but did not affect flights at its airports, which are well-equipped for snowstorms.

The snowfall over the last four days in the Russian capital exceeded the average for the whole month of January, said Moscow Deputy Mayor Pyotr Biryukov.

Source: MOLE

Snow claims hundreds of flights across Europe

Snow claims hundreds of flights across Europe

LONDON: Hundreds of flights were cancelled and road and rail traffic was severely disrupted across much of Europe on Monday as heavy snow and freezing weather gripped the continent.

Frankfurt airport, Germany’s main air hub, cancelled around 500 departing and arriving flights, representing 40 per cent of its daily schedule.

The busiest airport in Europe, London Heathrow, scrapped nearly 200 flights.

Heathrow said a decision was taken 24 hours in advance to cancel 130 flights because visibility was expected to deteriorate as the day wore on, but problems elsewhere in Europe were having an impact too.

“The additional cancellations are because a number of airports elsewhere in Europe are experiencing problems so that has a knock-on effect for us,” an airport spokesman said.

Heathrow has spent 36 million pounds ($57 million) on upgrading its snow-clearing equipment since 2010, when freezing temperatures and snow almost brought the airport to a halt in the approach to Christmas.

Europe’s number three airport, Paris’s Charles de Gaulle, was also hit.

France’s civil aviation authority DGAC said it expected to scrap 40 per cent of flights to and from Charles de Gaulle and Paris’s other main airport, Orly, in a precautionary measure following heavy snowfall on Sunday.

Even Munich, a city usually accustomed to taking snow in its stride, cancelled 161 flights at its airport as it grappled with the exceptional conditions.

In Spain, flights bound for Paris, Munich and Frankfurt were hit, leading to the cancellation of 16 flights to and from Barcelona.

Smaller airports in Britain were virtually closed down after fresh snow fell in northern and central England overnight, with planes grounded at Manchester, East Midlands and Leeds Bradford.

Under-sea train services between Britain and continental Europe were also hit, with Eurostar cancelling six trains linking London with Brussels and also Paris due to speed restrictions on the tracks in northern France.

Freezing rain and snow also led to treacherous conditions on railways and roads, causing countless accidents.

In southwestern Germany, police recorded more than 1,000 weather-related accidents and in the northeast, near Berlin, an entire section of motorway was shut to traffic.

In Belgium, three people died and two others were seriously injured when a minibus they were travelling in skidded off the road, overturned and caught fire at a motorway exit near Bruges, local authorities said.

In Moscow, unusually heavy snowfall of almost 50 centimetres caused traffic jams but did not affect flights at its airports, which are well-equipped for snowstorms.

The snowfall over the last four days in the Russian capital exceeded the average for the whole month of January, said Moscow Deputy Mayor Pyotr Biryukov.

Source: MOLE

Algeria captures five kidnappers at gas plant

Algeria captures five kidnappers at gas plant

lN AMENAS: Algerian troops captured five kidnappers and found the bodies of 25 captives Sunday at a desert gas complex, reports said, as a minister warned the toll from a hostage crisis may rise.

Security forces discovered the bodies of 25 hostages as they combed the In Amenas complex deep in the Sahara, a day after the deadly stand-off with the Islamist gunmen ended, the private channel Ennahar said.

El Watan daily put the number of bodies found at around 30.

But a definitive toll remains unclear.

The mastermind of the brazen hostage-taking, Mokhtar Belmokhtar, said meanwhile in a video posted online that the attack was carried out by 40 fighters from the Muslim world and European countries.

“Five terrorists were found still alive this morning” at the gas field, where special forces launched a final rescue bid on Saturday that left 18 people dead, including seven hostages, Ennahar TV said.

But three others are at large, the station’s director, Anis Rahmani, told AFP.

Communications Minister Mohamed Said told a radio station: “I fear that it (the toll) may be revised upward,” after at least 23 foreigners and Algerians, mostly hostages, were killed since Wednesday.

“In all nine Japanese were killed,” one Algerian witness identified as Brahim said on Sunday, a day after the special forces swooped on the plant run by Britain’s BP, Norway’s Statoil and Sonatrach of Algeria to end the siege.

The first three were killed as they tried to escape from a bus taking them to the airport as the militant attack unfolded, witnesses said.

“We were all afraid when we heard bursts of gunfire at 5:30 am (0430 GMT) on Wednesday, after we realised that they had just killed our Japanese colleagues who tried to flee from the bus,” said Riad, who works for Japan’s JGC Corp engineering firm.

The gunmen then took the others to the residential compound, where they had seized hundreds of hostages, he said.

“A terrorist shouted ‘open the door!’ with a strong north American accent, and opened fire. Two other Japanese died then and we found four other Japanese bodies” in the compound, he added, choking with emotion.

In Tokyo, the government said it was aware of reports that nine Japanese had died in the hostage-taking, but had no confirmation of the fate of 10 of its nationals who remain unaccounted for.

Governments scrambled to track down their missing citizens as more details emerged of the deadly showdown after Islamists of the “Signatories in Blood” group raided the plant, demanding an end to French military intervention in Mali.

“Tragically, we now know that three British nationals have been killed, and a further three are believed to be dead. And also a further British resident is also believed to be dead,” said British Prime Minister David Cameron.

Statoil said the situation remains unresolved for five of its employees.

“We will, and we must, keep hoping for more positive news from Algeria. However, we must be prepared to deal with bad news in the next few days,” said Statoil chief executive Helge Lund.

The company said searches were underway inside the complex, in the surrounding desert, hospitals, In Amenas itself, and in other villages and towns.

Thirty-two kidnappers were also killed in the 72-hour stand-off, and the army freed 685 Algerian workers and 107 foreigners, said Algeria’s interior ministry.

Relatives of Kenneth Whiteside, 59, from Glenrothes in Scotland, were devastated after hearing an Algerian co-worker claimed to have seen him being shot but dying bravely with a smile, Britain’s Mail on Sunday reported.

And the mother of survivor Stephen McFaul, 36, from Belfast, told the Sunday Mirror her son will “have nightmares for the rest of his life after the things he saw.”

A security official told AFP it was believed seven foreigners were executed in retaliation on Saturday during the final assault that state TV said also killed 11 militants.

The gunmen, whose leader Belmokhtar is a former Al-Qaeda commander, first killed a Briton and an Algerian on a bus before taking hundreds hostage at the plant.

Most hostages were freed on Thursday in the first rescue operation which was initially widely condemned as hasty, before criticism was focussed on the jihadists.

“The blame for this tragedy rests with the terrorists who carried it out, and the United States condemns their actions in the strongest possible terms,” said US President Barack Obama after at least one American had already been confirmed dead.

French President Francois Hollande called Algiers’ response the most appropriate given it was dealing with coldly determined terrorists ready to kill their hostages.

Cameron also recognised the attack had been an extremely difficult situation to deal with.

Monitoring group IntelCenter said the hostage-taking was the largest since the 2008 Mumbai attack, and the biggest by jihadists since hundreds were killed in a Moscow theatre in 2002 and at a school in the Russian town of Beslan in 2004.

French troops advanced Sunday towards Mali’s Islamist-held north as Russia and Canada offered to help transport French and African soldiers to boost the Paris-led offensive.

On Saturday West African leaders demanded speedy UN aid to rout Islamists holding the vast desert north.

Source: MOLE

Russia sees no chance of Assad stepping down

Russia sees no chance of Assad stepping down

MOSCOW: Russia acknowledged on Saturday that Syrian President Bashar al-Assad will not be persuaded to quit but insisted there is still a chance of finding a political solution to the 21-month conflict.

International peace envoy Lakhdar Brahimi warned Syria was facing a choice between hell or the political process after talks with Russian Foreign Minister Sergei Lavrov on his end-of-year bid to accelerate moves to halt a conflict that monitors say has now killed more than 45,000 people.

The talks came amid emerging signs that Russia was beginning to distance itself from Assad’s government and urgent efforts by Brahimi to resurrect a failed peace initiative that world powers agreed to in Geneva in June.

“It is really indispensible that the conflict finishes in 2013 and really the beginning of 2013,” the envoy said.

Lavrov said both he and Brahimi agreed there was hope for a solution as long as world powers put pressure on both sides.

“The confrontation is escalating. But we agree the chance for a political solution remains,” he said.

Moscow has been under intense pressure to urge the leadership of its last Middle East ally to accept a face-saving agreement that would see the rebels assume gradual command as the fighting reaches Damascus itself.

Yet analysts have questioned the actual sway the Kremlin has over Assad, and Lavrov appeared to betray a hint of frustration when revealing that Assad had this week told Brahimi that he does not intend to leave.

“Regarding Bashar al-Assad, he repeatedly said, both publically and in private… that he is not planning to leave, that he will remain in his post,” Lavrov said.

“There is no possibility to change this position.”

Brahimi painted a stark picture of Syrian neighbours Jordan and Lebanon being overrun by a million refugees should heavy fighting for the seat of power break out in Syria’s five-million-strong capital.

If this fighting “develops into something uglier… (refugees) can go to only two places — Lebanon and Jordan.

“So if the alternative is hell or the political process, we have all of us got to work ceaselessly for a political process,” Brahimi said.

Lavrov echoed that message by warning that Syria threatened to dissolve into a failed state similar to Somalia — a nation overrun by warlords and jihadists.

“Syria must have a stable political process. That is one alternative,” the Russian minister said.

“The other alternative is the Somalisation of Syria — and you can only imagine the consequences of that.”

Brahimi’s trip came amid a flurry of diplomatic activity in Moscow that saw Russia issue an invitation to talks to the armed opposition National Coalition — recognised by Western governments as sole legitimate representative of the Syrian people.

The invite was rebuffed by National Coalition chief Ahmed Moaz al-Khatib, drawing an angry response from Lavrov.

“I understand that Mr. Khatib is not very fluent in politics and maybe he could benefit by hearing our position not from the media… but directly from us,” he said.

On the ground, at least 153 killed were killed in violence on Saturday, among them 76 civilians, the Syrian Observatory for Human Rights said.

Eight children were among at least 17 people killed in air strikes on the suburbs of Damascus, the Britain-based watchdog added.

Egyptian President Mohamed Morsi insisted: “There is no place for the current regime in a future Syria.”

Lebanon seized a consignment of mortars and machineguns near its border with Syria, a security source said, without confirming that they were intended to be delivered to the rebels.

Source: MOLE

Syrian minister consults Russia on conflict

Syrian minister consults Russia on conflict

MOSCOW: A Syrian government delegation led by Deputy Foreign Minister Faisal Muqdad held talks at the Russian foreign ministry Thursday as Moscow denied the existence of a joint plan with the United States to end the crisis in the country.

Muqdad met Foreign Minister Sergei Lavrov, who told the Syrian diplomat of the need to immediately halt the violence in Syria, the foreign ministry said.

“The Russian side emphasised the lack of an alternative to a peaceful solution to the conflict,” the ministry said in a statement.

There must be a halt to the violence, bloodshed and suffering of the Syrian people, the statement stressed.

The meeting came amid a flurry of end-of-year diplomacy in Russia that will also see talks between UN-Arab League Syria peace envoy Lakhdar Brahimi and Lavrov on Saturday.

Brahimi on Thursday called for real change in Syria and the quick introduction of a transition government with all powers.

But the Syrian opposition swiftly retorted that such an interim team could not include President Bashar al-Assad or his top lieutenants.

Russian foreign ministry spokesman Alexander Lukashevich said the talks with Brahimi would be directed at ending the violence and launching a national dialogue in the country between the authorities and the opposition.

The foreign ministry said Muqdad also informed Moscow about the regime’s latest contacts with Brahimi, who held talks in Damascus for several days before his arrival in Russia.

Egyptian Foreign Minister Mohamed Amr is also coming to Moscow later on Thursday for a visit that will include talks and a news conference with Lavrov on Friday.

Russia has to the fury of the West refused to cut cooperation with the Syrian regime of President Bashar al-Assad in a conflict that according to activists has claimed more than 45,000 lives.

The diplomatic drive comes amid Western media reports of a new Russia-US initiative that would see Assad stay in power until 2014 while preventing him from further renewing his mandate.

But Lukashevich vehemently denied the existence of any such plan.

“There was not and is not such a plan and it is not being discussed,” he said, adding that Russia’s Syria policy was still based on an accord with world powers made in Geneva back in June for an inter-Syrian dialogue.

Russia has always insisted it will not prop up Assad’s regime but has also emphasised Moscow will not seek to persuade the Syrian president to step down, saying it is up to the Syrian people to decide the country’s future.

Lukashevich said the United States and other powers who agreed the Geneva accord had turned their position 180 degrees by supporting the opposition and holding no dialogue with the government.

This set the opposition not on dialogue with the authorities but on overthrowing the regime, he said. “We will not ever agree with this.”

Lukashevich recalled that the Geneva agreement had contained no demand for Assad to leave power and warned that striving for his removal risked causing more bloodshed.

“To make the exit of an elected president the cornerstone of any dialogue is a violation of all agreements reached at ministerial level.

“If the goal is to get the president’s head that means a continuation of the bloodshed and an colossal responsibility on those who strive for such goals,” he added.

Source: MOLE

Russia pressing Syria leadership to talk to opposition

Russia pressing Syria leadership to talk to opposition

MOSCOW: Russia, one of the few remaining allies of President Bashar al-Assad, said Friday it was pressing the Syrian leadership to put into action previous pledges for dialogue with the opposition.

"We actively encouraged... the Syrian leadership to maximally put into action its declared readiness for dialogue with the opposition," Foreign Minister Sergei Lavrov told reporters when asked about his meeting Thursday with Syria's deputy foreign minister.

Lavrov said Russia also encouraged Assad's government to underscore that they are open to discussing the widest range of items in line with the agreements reached in Geneva on June 30.

Russia's top diplomat warned on Thursday that time was running out for the parties to save an accord reached by global powers in Geneva that calls for the introduction of a transitional government but makes no explicit call on Assad to step down.

UN-Arab League envoy Lakhdar Brahimi pushed on Thursday for the plan after several days of talks with the leadership and opposition representatives in Damascus.

Lavrov said after his meeting with Syrian Deputy Foreign Minister Faisal Muqdad that "the chances for such a solution... are diminishing."

Russia has refused to back international pressure on Assad to step down and Lavrov made clear on Friday that Moscow's position on this point had not changed.

"The international community must not incite either side toward violence or pose preliminary conditions," said Lavrov.

"With all due respect to the international community, it is, of course, the Syrian people who must decide" Assad's fate, Lavrov stressed.

Moscow on Saturday will host Brahimi in a new bid to save efforts at ending a 21-month conflict that is estimated to have claimed more than 45,000 lives.

A top Russia official had earlier Friday said Moscow had also sent an invitation for talks to the head of the opposition National Coalition as it presses on with its diplomatic campaign.

Deputy Foreign Minister Mikhail Bogdanov told the RIA Novosti news agency the talks with National Coalition head Ahmed Moaz al-Khatib could take place in Moscow or at a foreign location such as Geneva or Cairo.

Lavrov told reporters that "as far as we understand, they (the National Coalition leaders) are not against this offer" for new talks.

The last Moscow meeting with representatives of the National Council in July ended in mutual recriminations and saw the opposition accuse Russia of inciting further violence by supporting Assad.

Source: MOLE

Russia's brutal early winter claims 123 lives

Russia’s brutal early winter claims 123 lives

MOSCOW, Dec 25, 2012 (AFP) – A bitter cold snap in Russia has claimed 123 lives in the past 10 days, an official said Tuesday, with the early freeze testing authorities in a country used to notoriously tough winters. 


Temperatures have plunged as low as minus 30 degrees Celsius in the Moscow region and minus 60 degrees Celsius in Eastern Siberia. 

 

“Since the start of the cold, 123 people have died of exposure and frostbite,” a medical source was quoted by the Interfax news agency as saying. 

 

Another 833 people had to be hospitalised to be treated for hypothermia and frostbite, including 123 over the past 24 hours, of whom 14 were children, the source added. 

 

Since the start of the cold snap, 1,745 people were affected, and more than 800 had to be hospitalised, the source said. 

 

State television reports Tuesday focused on the village of Khovu Aksy in Tyva, one of Russia’s poorest regions in southern Siberia. A state of emergency was declared there after the local power station failed with temperatures of minus 40 degrees Celsius, hitting 4,000 residents. 

 

With repair work on the power station hampered by the sub-zero conditions, some local people were given shelter at schools that had emergency heating systems. 

 

“There is nothing, not even water, we have to melt snow, and the temperature at home is below zero,” one bundled-up resident told Vesti-24 channel. 

 

Some residents, including children, have been lifted by helicopter to the regional centre of Kyzyl, the report said. 

 

Temperatures have been about 12 degrees Celsius lower than seasonal norms in Russia, where the coldest weather usually does not arrive until January or February. 

 

In the Moscow region, Monday saw an all-time record for electricity consumption, Russia’s power operator said on Tuesday, blaming the unusually cold temperatures. 

 

But Russia’s weather service is predicting a drastic temperature hike in the European parts of Russia later this week, with 0 degrees Celsius expected in Moscow. 

 

The emergency ministry warned however that the warming would be accompanied by strong winds and freezing rain that would likely damage communications and slow down traffic. 

 

In neighbouring Ukraine last week, the cold claimed 83 lives, new data showed. 

 

On Tuesday the health ministry said no new figures would be released until next Friday.

Source: MOLE

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