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  • Russia: McDonald's food has 'too many calories' Friday, 25 Jul 2014 | 2:48 PM ET

    MOSCOW— Russia's consumer protection agency has filed a suit against McDonald's for allegedly selling food that does not meet legal standards. The case was announced Friday on the website of the agency, Rospotrebnadzor, which said it comes in the wake of inspections of two of the company's restaurants in Novgorod.

  • BRUSSELS, July 25- The European Union reached outline agreement on Friday to impose the first economic sanctions on Russia over its behaviour in Ukraine but scaled back their scope to exclude technology for the crucial gas sector.

  • MOSCOW, July 25- McDonald's burgers and shakes may become the latest victims of worsening ties between Moscow and Washington after a Russian consumer watchdog agency accused the U.S. chain of sanitary violations.

  • EU corporate leaders talk sanctions     Friday, 25 Jul 2014 | 11:11 AM ET

    With the threat of further EU sanctions against Russia, CNBC talked to some leading European CEOs and CFOs about the potential impact of sanctions on their businesses. Here's what they had to say.

  • BRUSSELS, July 25- When Dutch Foreign Minister Frans Timmermans spoke to his European Union peers of his grief and anger over the downing of a Malaysia Airlines airliner over eastern Ukraine, it was a turning point in Europe's approach to Russia.

  • Neil Shearing, chief emerging markets economist at Capital Economics, says that Friday's rate hike by the Russian central bank is a "pre-emptive move" to forestall capital outflows ahead of sanctions.

  • LONDON, July 25- Foreign equity and bond investors who had tentatively ventured back into Russia after a huge early-2014 selloff are again slashing their holdings for fear of being caught in the crossfire of Western sanctions. Russia has fared worst among the big emerging equity markets this year, with dollar-based losses of 13 percent.

  • LONDON, July 25- Oil fell below $107 a barrel on Friday as plentiful supply outweighed concerns over conflicts in the Middle East and Ukraine. Brent crude for September delivery traded 18 cents lower at $106.89 a barrel by 1400 GMT.

  • *Russia anticipates more sanctions over Ukraine- analysts. MOSCOW, July 25- The Russian central bank unexpectedly raised interest rates on Friday, apparently preparing for possible further Western sanctions over Ukraine that could speed up capital flight from Moscow's already battered markets.

  • Russia bans dairy imports from Ukraine Friday, 25 Jul 2014 | 8:09 AM ET

    MOSCOW— Russia has announced a ban on all dairy imports from Ukraine starting next week, a move Kiev has dismissed as politically motivated. Russia is a key market for Ukrainian dairy products. Russia lambasted Ukraine's decision to sign a treaty with the EU in June.

  • BRUSSELS, July 25- European Union ambassadors reached a preliminary agreement on Friday to push ahead with hard-hitting economic sanctions against Russia over the Ukraine crisis but details remained to be worked out, diplomats said.

  • Russian execs fear lasting damage from plane crash Friday, 25 Jul 2014 | 6:36 AM ET

    MOSCOW— Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage.

  • Russia raises key rate amid Ukraine concerns Friday, 25 Jul 2014 | 6:14 AM ET

    MOSCOW— Russia's central bank has unexpectedly raised its key interest rate in a bid to stem inflation and support the currency as the country faces increasing economic pressure over its policies in Ukraine. The bank said Friday it has lifted its one-week auction rate by 0.5 percentage points to 8 percent.

  • Andrii Kuzmenko, acting Ukrainian ambassador to the U.K., says Russia would see a retaliation from Ukraine as grounds to invade and urges the EU and U.S. to implement sectorial sanctions.

  • MOSCOW, July 25- Russia's consumer protection agency has filed a lawsuit in a Moscow court seeking to ban some of McDonald's Corp's burgers along with its milk shakes and ice cream, a court spokeswoman said on Friday.

  • MOSCOW, July 25- Russia's consumer protection agency has filed a lawsuit in a Moscow court seeking to ban some of McDonald's Corp's burgers along with its milk shakes and ice cream, a court spokeswoman said on Friday.

  • 'Meaningful' EU phase 3 sanctions ahead?     Friday, 25 Jul 2014 | 4:40 AM ET

    Mujtaba Rahman, senior European analyst at Eurasia, says that harsher EU sanctions against Russia could be implemented next week and that Germany, France and the U.K. will feel the pain "equally".

  • LONDON, July 25- Oil held steady around $107 a barrel on Friday, as plentiful supply countered any premium to the price caused by concern over conflict in the Middle East and Ukraine. Conflicts in Ukraine, Gaza and Iraq continued, but failed to push prices higher as global supplies remained ample.

  • BERLIN, July 25- A German business leader who has previously warned against economic sanctions on Russia has come out in support of tougher action if President Vladimir Putin fails to cooperate on stabilizing the situation in Ukraine.

  • Otilia Dhand, vice president at Teneo Intelligence, says the main effect of the sanctions on Russia will be to reduce investor confidence in the country.