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  • MOSCOW, July 17- Shares in Russia's No.2 gas producer Novatek extended their losses on Thursday to almost 9 pct in Moscow after the United States imposed new sanctions, effectively ending medium- and long-term dollar funding for the company.

  • *Russia warns it will hit back. WASHINGTON/ MOSCOW, July 17- President Barack Obama imposed sanctions on some of Russia's biggest firms for the first time, striking at the heart of Vladimir Putin's powerbase by targeting companies closest to him over Moscow's failure to curb violence in Ukraine.

  • *Russia assets fall as U.S., EU impose more sanctions. LONDON, July 17- A tightening of Western sanctions on Russia rattled world markets on Thursday, sending Moscow stocks and the rouble tumbling and lifting traditional safe-haven currencies and bonds.

  • *Palladium prices hit highest since February 2001. LONDON, July 17- Gold rose on Thursday, extending the previous day's recovery from four-week lows as investors took advantage of lower prices to buy, though expectations that U.S. monetary policy is set to tighten limited gains.

  • Daimler says it will not raise stake in Russia's Kamaz Thursday, 17 Jul 2014 | 5:42 AM ET

    BERLIN/ MOSCOW, July 17- German carmaker Daimler does not plan to increase its stake in Russian truckmaker Kamaz, it said on Thursday, renouncing a long-considered deal amid rising tension between Moscow and the West over Ukraine.

  • *Russia assets fall as U.S., EU impose more sanctions. LONDON, July 17- The United States imposed its toughest sanctions yet on Moscow on Wednesday, and Russian stocks and the rouble tumbled on Thursday. "Until a few weeks back Russia was in a position of relative strength because there was massive pressure on oil but that is not the case any more."

  • Germany keen to talk to Moscow: Pro  Thursday, 17 Jul 2014 | 4:35 AM ET

    Carsten Nickel, senior vice president at Teneo Intelligence, discusses Germany's stance on the new Russian sanctions and says the country is keen to keep "talking channels" open.

  • MOSCOW, July 17- Russian assets fell on Thursday after Washington imposed its toughest economic sanctions yet on Russian energy, financial and defense firms, also hitting the rouble and the country's sovereign dollar bonds.

  • Sanctions: Markets have 'heard this before'  Thursday, 17 Jul 2014 | 4:00 AM ET

    Bill Blain, strategist at Mint Partners, says the latest U.S./EU sanctions on Russia are unlikely to have any effect, especially as the new BRICS' development bank should "change the dynamic".

  • Russian sanctions: Merkel is 'in the driving seat'  Thursday, 17 Jul 2014 | 4:00 AM ET

    Christopher Granville, managing director at Trusted Sources, and Chris Weafer, senior partner at Macro-Advisory, agree that Angela Merkel's role in the negotiations with Russia will be "critical".

  • WASHINGTON/ MOSCOW, July 16- President Barack Obama imposed the toughest U.S. sanctions yet on Russia, striking at the heart of Vladimir Putin's powerbase by targeting companies closest to him over what Washington says is Moscow's failure to curb violence in Ukraine.

  • MOSCOW, July 17- Moscow shares fell on Thursday after Washington imposed its toughest economic sanctions on Russia yet, sending shares in its largest oil producer Rosneft tumbling and hitting other energy, financial and defence firms.

  • EU sanctions not major blow, but shows intent: Pro  Thursday, 17 Jul 2014 | 2:35 AM ET

    Daragh McDowell, senior analyst at Maplecroft, says that the European Union's sanctions on Russia are not a major blow to the country's economy, but it shows the bloc's intent.

  • Wizz Air to keep growing as east Europeans fly more Thursday, 17 Jul 2014 | 2:30 AM ET

    *Wizz Air has grown to be biggest low-cost carrier in eastern Europe. Organic expansion in the region and as far afield as Moscow, Tel-Aviv or Dubai is set to continue while a new phase of growth is likely to come from Wizz Air exploiting the difficulties of state-backed regional airlines that are struggling to survive.

  • MOSCOW, July 17- The chief executive of Russia's VTB bank said on Thursday new U.S. sanctions imposed on Moscow over the Ukraine crisis were inappropriate and warned of potentially devastating consequences for the global financial system.

  • EU leaders pressure Russia with more sanctions  Thursday, 17 Jul 2014 | 1:10 AM ET

    European Union leaders imposed further sanctions on Russia, ramping up the pressure on President Vladimir Putin. Europe's leaders talk to CNBC about the move - with some calling for more action.

  • NEW YORK, July 17- President Barack Obama aimed a direct blow at Russia's economic heart on Wednesday with sanctions on Rosneft, the flagship oil giant that generates more than 4 percent of the world's crude and over 8 percent of the country's GDP.

  • US sanctions will take relations to dead end: Putin Wednesday, 16 Jul 2014 | 8:26 PM ET
    Russian President Vladimir Putin.

    Russian President Putin warned that U.S. sanctions will take relations with Russia to a "dead end" and damage U.S. business interests.

  • *EU steps up sanctions vs Russia over Ukraine. BRUSSELS, July 16- European Union leaders failed to agree at a summit on Wednesday on sharing out a package of top jobs in the 28- nation bloc, including a new foreign policy chief, and postponed the decision until late August.

  • WASHINGTON, July 16- President Barack Obama imposed the biggest package of U.S. economic sanctions yet on Russia on Wednesday, hitting Russia's largest oil producer Rosneft and other energy, financial and defense firms, with what he called significant but targeted penalties.