The IMF warned that Ukraine may need as much as $19 billion in additional financing from donors if its conflict continues.» Read More
CNBC's Michelle Caruso-Cabrera reports Russian broadcaster Dmitry K. Kiselyov stunned viewers on comments made about Russia's power.
*Gold heads for biggest quarterly gain in 27 years. LONDON, March 17- Gold hit its highest in six months on Monday as cautious investors remained risk averse after Western countries issued warnings of more sanctions on Moscow following Crimea's vote to break from Ukraine.
CNBC's Steve Sedgwick speaks to former Ukrainian Foreign Minister and current Ukrainian member of Parliament Petro Poroshenko about Russia's interest in Crimea. It will be announced next week whether Poroshenko is up for election to be Ukraine's next president.
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.