The situation in Ukraine looks ever further from the peaceful, or at least contained, solution Western leaders were hoping for.» Read More
MOSCOW, March 17- Russian Industry Minister Denis Manturov said on Monday he supported the idea of providing state support to indebted coal and steel group Mechel, sending the company's shares higher.
The EU will "have to stick to its guns" regarding Russian sanctions following the "illegal" referendum in Crimea, says Radek Sikorski, Polish foreign minister.
CNBC's Michelle Caruso-Cabrera provides insight into the Crimeans' referendum vote to leave Ukraine and join Russia, and the current condition of the Russian market.
Dr. Leon Aron, American Enterprise Institute director of Russian studies, thinks the United States will impose sanctions on Russia in conjunction with the European Union as early as Monday morning.
The EU is to discuss possible sanctions against Russian officials, who are behind the country's "illegal" decisions and actions in Ukraine says Linas Linkevicius, Lithuanian foreign minister.
Lilit Gevorgyan, CIS analyst at IHS Global Insight, discusses Russia following the Crimean referendum to join the country and how increased tensions between Russia and the West could impact investments.
MOSCOW, March 17- Russian Industry Minister Denis Manturov said on Monday he favoured the idea of providing state support to indebted coal and steel group Mechel. "It makes no sense in bankrupting Mechel today," Manturov told reporters in Moscow. "It will be far more effective to provide state support."
*Siemens leads Russia- exposed risers as sanctions awaited. LONDON, March 17- European stocks nosed up on Monday with a major index recovering from its lowest level in more than a month after Sunday's referendum over whether Crimea will join Russia passed without violence and as anticipated sanctions have yet to materialise.
Tina Fordham, senior global political analyst at Citi, highlights Russia currently has "no legal mechanism" in place to absorb Crimea and that the status the region would have remains undetermined.
LONDON, March 17- World stocks traded near a one-month low on Monday and the dollar and German bonds held firm as investors worried about the economic impact of possible western sanctions on Moscow after Crimea voted to separate from Ukraine.
LONDON, March 17- The euro fell against the dollar and pared its gains against the yen on Monday as some fretted that euro zone inflation data for February could be revised down in its final reading, keeping pressure on the European Central Bank to ease policy more.
Illinois senator Dick Durbin says Russian president Vladimir Putin uses natural gas as a bargaining tool in political affairs.
MOSCOW, March 17- Russia's top natural gas producer Gazprom is considering making changes to contracts to keep its European customers on board if the West imposes sanctions on Russia over Ukraine, the Vedomosti newspaper said on Monday.
*ShFE copper premiums slip by $5 to $120- $140- Shmet. SYDNEY, March 17- London copper fell on Monday, hovering close to last week's three-year lows on concerns about Chinese growth and the potential for further defaults that encouraged fresh bets that prices will fall.
Ukrainian foreign minister Andrii Deshchytsa, says Ukraine and its allies can convince Russia to stop short of military conflict.
U.S. senator John McCain dubs the Crimea referendum a "sick joke" and says the international community is eying "tough sanctions" against Russia.
CNBC's Steve Sedgwick reports on the referendum in Crimea in which the region voted overwhelmingly to join Russia.
TOKYO, March 17- Asian shares hovered around one-month lows on Monday as Western countries issued fresh warnings of more sanctions on Moscow after Crimea voted overwhelmingly to break from Ukraine to join Russia, as expected. The MSCI's broadest index of Asia-Pacific shares outside Japan was flat, staying near Friday's one-month low.
Marko Pavlyshyn, Director at Mykola Zerov Centre for Ukrainian Studies at Monash University, says Sunday's referendum in Crimea is the prelude to further destabilization in Ukraine.
TOKYO, March 17- The yen lost some ground against the dollar and euro but remained near the tops of its recent ranges on Monday as Western countries warned of sanctions on Russia after Crimea voted to separate from Ukraine.