President Vladimir Putin ordered the Russian military to help clear up flooding in annexed Crimea on Monday, the Kremlin said, after heavy rain caused damage in cities on the Black Sea peninsula.
New U.S. sanction threats weighed on the Russian and Belarus currencies on Monday while an index of developing world shares plumbed its weakest level in four weeks as the recent spike in U.S. short-dated bond yields pressured emerging market assets. Russia's rouble extended its slide, down 0.4% to hit a two-week low against the dollar, while yields on 10-year bonds ticked up.
President Vladimir Putin sought on Saturday to give Russia's ruling party a pre-election boost by promising to spend big on infrastructure, education and health. Putin, 68, also announced his key allies, the defence and foreign ministers, would front the campaign for the ruling United Russia party for September's parliamentary elections.
Russian prosecutors have opened a criminal case against a former deputy governor of the central bank on suspicion of misappropriation and embezzlement, court files showed on Friday. A Moscow court ordered Konstantin Korischenko, a former senior executive at Investbank, to be held in custody for two months. Reuters could not immediately reach Korischenko or his lawyers for comment.
Authorities in Russian-annexed Crimea on Friday ordered the evacuation of parts of the city of Yalta after heavy rain caused major flooding on the Black Sea peninsula. The region, which Russia annexed from Ukraine in 2014, has declared a state of emergency and sought help from the military to contain the damage caused by the floods.
Authorities in Russian annexed Crimea declared a local state of emergency on Thursday after heavy rain caused flooding in parts of the peninsula's east including the city of Kerch. The flooding affected nearly 300 homes and a city hospital, the emergencies ministry said. Whole streets were submerged in water in parts of the city. "In terms of material damage, the situation is severe.
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