SINGAPORE: A 19-year-old who was in a motorcycle chase that killed a Land Transport Authority (LTA) officer has been sentenced to two years and three months’ jail, and six strokes of the cane.
FILE PHOTO: Russia's President Vladimir Putin gestures during a bilateral meeting with U.S. President Donald Trump at the G20 leaders summit in Osaka, Japan, June 28, 2019. REUTERS/Kevin Lamarque/File Photo
That has contributed to the view within a section of the Russian elite that a negotiated settlement to the war is desirable, according to two of the sources familiar with thinking in the Kremlin. Reuters has previously reported that Putin is ready to discuss ceasefire options with Trump but that Russia's territorial gains in Ukraine must be accepted and that Ukraine must drop its bid to join the U.S-led NATO military alliance.
Putin has said that Russia can fight on as long as it takes and that Moscow will never bow before another power over key national interests. "There are some issues here, namely inflation, a certain overheating of the economy," Putin said in an annual news conference on Dec. 19."The government and the central bank are already tasked with bringing the tempo down," he said.Last year, Russia made its most significant territorial gains since the early days of the war and it now controls nearly a fifth of Ukraine.
Russian coal and steel producer Mechel, owned by businessman Igor Zyuzin and his family, on Tuesday said it had restructured its debt, under pressure from low coal prices and high interest rates.Putin's frustration was evident at a Kremlin meeting with business leaders the evening of Dec. 16, where he scolded top economic officials, according to two of the sources, who have knowledge of discussions about the economy in the Kremlin and government.
Some of Russia's most powerful businessmen, including Rosneft CEO Igor Sechin, Rostec CEO Sergei Chemezov, aluminium tycoon Oleg Deripaska and Alexei Mordashov, the largest shareholder in steel-maker Severstal, have publicly criticised the high interest rates.
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