27-28.12.2014 Ukrainian crisis news. War in Ukraine, Russia, Europe, USA, Afganistan

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China Launches Swaps, Forwards with Russia in National Currencies

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China launches swaps and forwards between the yuan and the Russian ruble starting Monday.

According to the China Foreign Exchange Trade System (CFETS), the ruble has become the 11th currency in the yuans swaps trading.
On December 26, CFETS reported on its website that swaps and forwards trading between the yuan and national currencies of Russia, Malaysia and New Zealand would start on December 29.

Earlier in December, China's Minister of Commerce Gao Hucheng claimed that China could increase the usage of yuan in trade with Russia amid the ruble's depreciation.
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US Condemns Crackdown on US-Funded Broadcaster in Azerbaijan: State Dep't

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US Department of State spokesperson said that the United States is alarmed by the crackdown on the US-funded broadcaster Radio Free Europe/Radio Liberty by the Azerbaijani authorities.
The United States is alarmed by the crackdown on the US-funded broadcaster Radio Free Europe/Radio Liberty (RFE/RL) by the Azerbaijani authorities, who say raids and detentions of the RFE/RL employees are part of a tax fraud investigation, the US Department of State spokesperson said.
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After 13 Years US Military Campaign in Afghanistan Proves to Be Inefficient

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The US-led coalition has formally ended its military mission in Afghanistan. Although top NATO officials are expressing optimism regarding the results of the campaign, an Islamist insurgency is still on the rise in the region.

The 13-year US military campaign in Afghanistan formally ended on Sunday, December 28; however, the longstanding military confrontation with the Taliban has not led to a victory over steadily-expanding Islamic extremism in the region.

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