CNBC's Hadley Gamble says that's it quite likely that a delay or refusal to allow Iran's nuclear programme to go forward will push Tehran and Moscow closer together.» Read More
Russia has called an emergency meeting of the U.N. Security Council to introduce a resolution calling for an immediate cease-fire in Ukraine.
The slow recovery and wealth inequality are fueling political and religious extremism and, in some cases, outright terrorism, says Nouriel Roubini.
*Moscow complains situation worse since Ukraine election. DONETSK, Ukraine/ MOSCOW, June 2- Russia accused Ukrainian authorities on Monday of escalating violence against civilians in the rebel-held east of the country, even as it offered Kiev a brief respite in a dispute over billions of dollars' worth of unpaid gas bills.
*Firms cite Ukraine crisis as reason for weak orders. WARSAW, June 2- Polish factory activity slowed unexpectedly in May yet Czech manufacturing grew at its fastest pace in two years, data showed on Monday, underlining Poland's exposure to the Ukraine crisis.
MOSCOW, June 2- Russia's Gazprom gave Ukraine on Monday an extension into next week to resolve a gas price dispute at the heart of the two countries' confrontation, a day before Moscow was due to switch off the gas unless Kiev paid in advance.
The head of Gazprom said on Monday that the company has postponed moving to prepayment mode for gas supplies to Ukraine to June 9.
Jesse Sherman, portfolio manager at Renaissance Asset Management, says Russia will tread a fine line on the political front.
Gazprom has threatened to cut off gas supplies to Ukraine if Naftogaz fails to pay some of its $3.5 billion debt for imported gas.
*Battalion Vostok fighters say ranks include men from Russia, Ossetia, Chechnya. DONETSK, Ukraine, June 1- In flak jackets and mismatched camouflage fatigues, men from eastern Ukraine, Russia and Ossetia cleaned their weapons side by side in a former Ukrainian army base, now the headquarters of a separatist militia in the city of Donetsk.
*Too early for UK to raise rates but getting closer. *India central banks meets for first time since Modi election. LONDON, June 1- The European Central Bank will eclipse all else in economic terms this week, following heavy hints that monetary policy will be loosened in a variety of ways.
MINSK, May 30- Russian Prime Minister Dmitry Medvedev said on Friday that Ukraine had informed Moscow that it had paid part of its gas debt, but indicated that state gas producer Gazprom had yet to receive the money. "Our Ukrainian partners said that they have transferred a certain part of the debt.
*Reports mount of volunteer fighters coming into Ukraine from Russia. KIEV/ DONETSK, Ukraine, May 30- Ukraine's government vowed on Friday to press ahead with a military offensive against separatists, despite a deadly attack on an army helicopter, amid increasing reports that volunteer fighters from Russia were involved in rebellions in the east.
The latest CNBC Global CFO Council survey shows that corporate tax reform is a must, but there is little chance that change will come soon.
Vastly expensive Russian artwork will attract rich buyers to the U.K. today, where Russia Art Week kicks off.
Helima Croft, Barclays managing director, discusses how sanctions by the West have impacted Russia and Ukraine. And Walter Isaacson, The Aspen Institute, weighs in on Putin's role in controlling the oil there.
* "Russian Orthodox Army" is mostly Ukrainian but identifies as Russian. *One of several armed rebel groups fighting in Ukraine's east. Calling itself the " Russian Orthodox Army", it has been engaged in the heaviest fighting against Ukraine's army in the Donetsk region this month.
The burly billionaire businessman who built a vast fortune selling cakes and sweets has inherited a bitter legacy- a wrecked economy, rampant corruption, armed rebellion in eastern Ukraine and hostility from giant neighbour Russia.
BRASILIA, May 29- The five BRICS nations will likely agree to fund their $100 billion development effort equally, giving them the same rights in a new multilateral bank that could start lending in two years, a senior Brazilian government official told Reuters on Thursday.
*Russia, Ukraine, EU hold talks Fri on gas price dispute. NEW YORK, May 29- U.S. crude prices rose on Thursday after government inventory data showed a sharp drawdown in gasoline that outweighed a build in overall crude stocks, while Brent edged up supported by the low Libyan output and the Ukraine crisis.
Former Morgan Stanley CEO John Mack, is resigning from Russian oil driller Rosneft, reports CNBC's Kate Kelly.