Russia’s President Vladimir Putin meets Prime Minister Dmitry Medvedev in the Novo-Ogaryovo residence outside Moscow, on March 27, 2014. Putin said today Russia should create its own national payment settlement system, in a bid to reduce economic dependence on the West amid the controversy over Moscow’s seizure of Crimea.
The United Nations General Assembly on Thursday backed Ukraine in the ongoing conflict with Russia over Crimea. China abstained from the vote, as the 193 nation assembly voted to approve a non-binding resolution that affirms Ukraine’s territorial integrity. CCTV’s Nick Harper reports from UN headquarters in New York.
Ukraine received more international help Thursday. The U.S. Congress passed legislation imposing harsher sanctions against Russia, while the International Monetary Fund pledged up to 18 billion dollars in loans for Ukraine. CCTV’s Jim Spellman reports.
Meanwhile, Russia is planning to develop its own credit card system. Russian President Vladimir Putin has told lawmakers the move would make the country more independent from Western firms and strengthen its financial system, as U.S. and EU sanctions take their toll. CCTV’s Natalie Feary reports from Moscow.