Russia's 15th richest man Vladimir Yevtushenkov has been placed under house arrest. CNBC's Robert Frank reports on the official charge for the man is, as well as what experts say the real reason is.» Read More
U.S. President Barack Obama sought support from European allies and China on Monday to isolate Russia over its seizure of Crimea.
William Tobey of Harvard University says that Russia is now showing signs of reluctance in its commitment to improving nuclear security.
*G7 to warn Russia of tougher sanctions if Ukraine crisis escalates. President Barack Obama sought support from European allies and China on Monday to isolate Russia over its seizure of Crimea, and Ukraine told its remaining troops to leave the region after Russian forces overran one of Kiev's last bases there.
MOSCOW, March 24- Russia is at risk of recession as investors pull money out of the country, with growth likely to evaporate if capital outflows reach $100 billion, the head of its largest bank, state-owned Sberbank, said on Monday.
LONDON, March 24- European stocks fell on Monday, trimming last week's lofty gains as concern over events in Ukraine and China's flagging manufacturing activity pegged a key index back from the top of its recent range.
*Ex-Communist countries economically reliant on Russia. The EU's ex-Communist camp, on the face of it, should be a natural backer of tough action: they have been occupied by Russia in the past and, after Moscow's annexation of Crimea, many of them have reason to fear they could be next in line.
*Ukraine crisis, Libya keep market focus on supply risks. LONDON, March 24- Brent crude oil steadied on Monday, weighed down by Chinese data pointing to lower demand in the world's biggest energy consumer, but supported by potential disruption to oil supplies due to the Ukraine crisis and turmoil in Libya.
To hit the Russian economy where it hurts, the U.S. needs to flood the market with its crude oil reserves, the commodities pro told CNBC on Monday.
*Russia's gas supply relation to Europe would not easily break down. GOYANG, South Korea, March 24- Tension between Russia and the West may spur the U.S. to speed up approvals for more projects to export gas, said the head of a UK- based unit of France's Total group, as Europe looks for other sources of fuel supply.
PARIS, March 24- European stocks slipped on Monday, trimming last week's lofty gains, as data showing China's manufacturing activity contracted in the first quarter of 2014 revived worries over the outlook for global growth.
*Russia tightens grip on Crimea. *Sanctions against Russia, G8 summit in Sochi on agenda.
Dennis Gartman of The Gartman Letter discusses what exactly the U.S. can do to send crude down and do damage to Russia.
President Obama is in the Netherlands for the G-7 emergency meeting on Ukraine's crisis. CNBC's Michelle Caruso-Cabrera reports Russia was not invited.
*Ukraine crisis, Libya keep oil market wary. LONDON, March 24- Brent crude oil slipped on Monday, weighed down by Chinese data pointing to lower demand in the world's biggest energy consumer, but supported by worries that the Ukraine crisis and turmoil in Libya could hit oil supplies. Brent crude for May was down 30 cents at $106.62 a barrel by 0930 GMT.
*Euro gives up France- fuelled gains. LONDON, March 24- European shares edged lower on Monday after further signs of a slowdown in China, although robust data from France and Germany limited their decline.
*China's lower-than-expected PMI weighs on sentiment. PARIS, March 24- European stocks slipped in early trade on Monday, trimming last week's lofty gains, as data showing China's manufacturing activity contracted in the first quarter of 2014 revived worries over the outlook for global growth.
Apostolos Bantis, credit analyst at Commerzbank, argues that valuation of Russia bonds is "particularly appealing" right now and says that beyond geopolitical risks, there is little downside for the Russian economy.
Gold slipped $10.70 an ounce to $1,323.24 by 0732 GMT, down from a six-month high of $1,391.76 hit early last week. Gold is under pressure from the U.S. dollar as the U.S.
Chris Weafer, senior partner at Macro-Advisory Limited, says that the "dangerous and volatile" politics around the Ukraine crisis this week will hit Russia stocks.
SINGAPORE, March 24- Brent crude futures slipped on Monday after a two-day rise, weighed down by weak Chinese factory data that could dent demand in the world's second biggest oil consumer, although hopes Beijing may unleash stimulus measures capped losses.