Moscow: Russia has suspended the Cold War-era Intermediate-range Nuclear Forces Treaty, President Vladimir Putin said on Saturday, after the United States announced it would withdraw from the arms control pact, accusing Moscow of violations.
Moscow’s relations with the West are strained over issues including Russia’s annexation of Crimea from Ukraine, allegations of meddling in the U.S. presidential election and being behind a nerve agent attack in Britain.
The United States announced on Friday it will withdraw from the INF treaty in six months unless Moscow ends what it says are violations of the 1987 pact.
It would reconsider its withdrawal if Russia came into compliance with the agreement, which bans both nations from stationing short- and intermediate-range land-based missiles in Europe. Russia denies violating the treaty.
The Italian economy contracted in the fourth quarter of 2018, dragged down by slowing European growth and global trade tensions, plunging the country into a technical recession, official data showed Thursday.
The 0.2 percent contraction — following a 0.1 percent fall in the third quarter — will put pressure on the populist government in the eurozone’s third largest economy, which took power in June on the back of big-spending electoral promises.
Italy is Europe’s second largest manufacturer and is currently the only European Union member in recession, although growth in export powerhouse Germany also fell in 2018.
The Italian economy suffered a harsh recession in 2012-13 and has enjoyed only slow growth since then. Overall growth for full-year 2018 was just 0.8 percent.
Italy’s Prime Minister Giuseppe Conte had anticipated the bad news on Wednesday during a business conference in Milan.
The coalition government of the anti-establishment Five Star Movement (M5S) and the far-right League party was forced to water down its ambitious and costly budget in December to avoid being punished by the European Commission and the financial markets.
A slowdown will make it even harder to follow through on expensive vote-winning measures both parties promised their bases, from reform of the pension system to income support for the poor.
Thursday’s data “reflect a marked worsening of the industrial sector’s performance, and of a negative contribution of agriculture,” national statistics institute Istat said.