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  • After Borat: Kazakhstan sets its sights on America Tuesday, 8 Jul 2014 | 1:00 PM ET
    Mangistau region of Kazakhstan. Oil and gas industry.

    For those interested in putting money into the oil-rich nation, a new directive has made it more appealing.

  • PARIS, July 8- The chief executive of French oil major Total is giving himself until the end of the year to strike oil at a big new field somewhere in the world before considering whether to change direction and cut the exploration budget.

  • PARIS, July 8- Europe should stop thinking about cutting its dependence on Russian gas and focus instead on making those deliveries safer, including options to bypass Ukraine, the head of French oil major Total told Reuters.

  • WASHINGTON, July 7- President Barack Obama and French President Francois Hollande decided on Monday that Europe should impose further costs on Russia if Moscow does not immediately take steps to de-escalate tensions in eastern Ukraine, the White House said. The two leaders spoke by phone.

  • The planned talks would follow weeks of debate to try to solve a row over how much Russia charges Ukraine for its gas, which has led Russian gas company Gazprom to cut off supplies to Ukraine.

  • *EU had set deadline for Ukraine rebels to meet conditions. BRUSSELS, July 7- European Union governments have agreed in principle to expand the list of people targeted with asset freezes and travel bans over the Ukraine crisis, diplomats said on Monday.

  • DONETSK, Ukraine, July 7- Pro-Russian rebels erected new barricades on the streets of Donetsk on Monday, preparing to make a stand in the city of a million people after losing their bastion in the town of Slaviansk in the worst defeat of their three-month uprising. Ukraine's richest man, Rinat Ahmetov, pleaded with the government on Monday not to bomb his home city.

  • MOSCOW, July 7- Three weeks before Ukraine's army forced rebel fighters out of the strategic eastern city of Slaviansk, their commander made a desperate plea for military help from Russia.

  • Ukraine ‘highest risk’ for Slovakia: Deputy PM Monday, 7 Jul 2014 | 8:14 AM ET

    Slovakia's proximity to Ukraine, which is in conflict with Russia, poses dangers, the Slovak deputy prime minister told CNBC.

  • Daragh McDowell, senior Russia analyst at Maplecroft, says pro-separatist fighters in Ukraine may lay down their arms if they realize their campaign is hopeless.

  • RPT-Crimea euphoria fades for some Russians Monday, 7 Jul 2014 | 2:00 AM ET

    MOSCOW, July 6- When she was asked to give up a day's pay to help Crimea, Russian hospital therapist Tatyana could not hide her anger- why should she subsidise others when struggling to make ends meet herself?

  • Gas shortage ‘key risk’ for eastern Europe Monday, 7 Jul 2014 | 1:07 AM ET
    Construction workers weld together two giant pipes near the village of Sajkas, 80 kilometers from Belgrade

    Overreliance on Russian gas leaves Europe vulnerable if the Ukraine conflict escalates, analysts warned.

  • Peter Kazimír, deputy Prime Minister and Finance Minister of Slovakia, says the country is "fully dependent" on Russian oil and gas.

  • Is a restoration of order underway in Ukraine?  Sunday, 6 Jul 2014 | 7:44 PM ET

    Pavlo Sultansky, Ambassador of Ukraine to Singapore, says the retake of Slaviansk by Ukrainian forces indicates that order being restored. He is confident that other territories will be recaptured soon.

  • SOFIA/ BRUSSELS, July 6- Bulgaria, one of five EU states that depend totally on Russia for nuclear fuel, is set to take a step towards diversifying its suppliers when Westinghouse Electric Company buys a stake in a state-controlled firm building new atomic units.

  • Crimea euphoria fades for some Russians Sunday, 6 Jul 2014 | 6:34 AM ET

    MOSCOW, July 6- When she was asked to give up a day's pay to help Crimea, Russian hospital therapist Tatyana could not hide her anger- why should she subsidise others when struggling to make ends meet herself?

  • MOSCOW/ BRUSSELS, July 3- Russia will limit imports of Moldovan meat from Saturday, its veterinary watchdog ruled, a move the European Union said looked like retaliation against Moldova for entering a free-trade deal with the EU.

  • Anders Fogh Rasmussen, secretary general of NATO, says Russia's "illegal" military action in Ukraine is a "wake-up call" for Europe to spend more on defense after years of budget cuts.

  • MOSCOW, July 2- Gazprom has appointed a new head of its export division, effectively the world's most powerful gas trader: Elena Burmistrova, who was swiftly ushered in to talks with President Vladimir Putin.

  • *Ukraine crisis makes LNG-to- Germany link more important. CREPY-EN-VALOIS, France, July 2- A pipeline under construction in the beetroot fields of northern France is set to link a new liquefied natural gas terminal in the port of Dunkirk with Germany by 2016, offering Europe's biggest energy market an alternative to Russian gas.