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  • Germans in shock as new Greek leader starts with a bang Wednesday, 28 Jan 2015 | 11:15 AM ET

    *Fiery Tsipras start challenges policy assumptions in Berlin. *Russia overtures deepen concerns over EU consensus on Ukraine. The move did not go unnoticed in Berlin.

  • BRUSSELS, Jan 28- New European Union sanctions against Russia could include further capital markets restrictions, making it harder for Russian companies to refinance themselves and possibly affecting Russian sovereign bonds and access to advanced technology for the oil and gas sectors, EU officials said on Wednesday. EU foreign ministers are set to ask the...

  • MOSCOW, Jan 28- The Russian rouble weakened on Wednesday and stocks fell, with a retreat in oil prices and a threat of new sanctions on Moscow for its role in the Ukraine crisis promising to weigh on the currency in the near future. "We believe fears of new sanctions and potentially harmful anti-sanctions in response from Russia will keep investors alert and...

  • BRUSSELS, Jan 28- The EU has prepared a draft statement for the foreign ministers of its 28 members to agree to extend sanctions against Russia by six months, add new people to the sanctions list and prepare new measures. The statement was referring to asset freezes and travel bans put on dozens of Ukrainians and Russians since Russia's annexation of Ukraine's...

  • UPDATE 1-OMV, Gazprom amend gas supply deal terms Wednesday, 28 Jan 2015 | 8:15 AM ET

    VIENNA, Jan 28- Austrian energy group OMV and Russian natural gas exporter Gazprom have agreed to amend a long-term contract for gas supplies, OMV said on Wednesday without disclosing details. Alexander Medvedev, deputy head of Gazprom's management committee, and OMV Chief Executive Gerhard Roiss signed the amendment at a meeting in Vienna, OMV said in a...

  • *Gazprom cannot afford to lose Ukraine. MOSCOW/ KIEV, Jan 28- Ukraine has a stronger hand to play at talks with Russia on gas supplies thanks to the fall in oil prices, which has dragged down gas prices, and after showing it can live on less. Although a milder winter and a scramble for other sources has shown Ukraine can survive with less gas from Russia, it still needs it to...

  • MOSCOW, Jan 28- Russia announced a $35 billion "anti-crisis" spending plan on Wednesday to bail out an economy battered by Western sanctions and falling oil prices, but gave few details of the deep cuts it said would be enacted this year to pay for it. The 2.34 trillion rouble spending plan includes 1.55 billion roubles to support banks, most of which was already...

  • Putin eyes benefits as rebels gain in Ukraine Wednesday, 28 Jan 2015 | 5:09 AM ET

    *Fighting has surged in eastern Ukraine. *Putin blames Kiev but could see gains. MOSCOW, Jan 28- Boxed into a corner by a financial crisis and the West's refusal to drop sanctions over the conflict in Ukraine, Russian President Vladimir Putin has come out fighting.

  • Euro has 'very serious flaws': Politician  Wednesday, 28 Jan 2015 | 4:55 AM ET

    William Hague, leader of the House of Commons, says that he doesn't want the euro to fail, however the currency has some "very serious flaws."

  • Hague: Putin's 'sphere of influence'  Wednesday, 28 Jan 2015 | 4:50 AM ET

    William Hague, leader of the House of Commons, says that if Russia continues to exert its power like it's done with Ukraine, it will result in a "grave deterioration in relations" between itself and Europe.

  • Russia's economy has been battered by lower energy prices, a collapse in the value of the ruble and Western sanctions over its involvement in Ukraine. Russia's GDP is expected to decline by 4-5 percent this year, the first drop since 2009. The ruble has lost half of its value while the Standard& Poor's ratings agency downgraded Russia's credit rating to a...

  • MOSCOW, Jan 28- The Russian rouble weakened on Wednesday, with a retreat in oil prices and a threat of new sanctions on Moscow for its role in the Ukraine crisis promising to weigh on the currency in the near future. Analysts said a meeting of EU foreign ministers on Thursday to discuss more punitive measures against Russia was the key factor for Russian markets.

  • Russia downgrade: Why you shouldn't worry  Wednesday, 28 Jan 2015 | 1:30 AM ET

    Apostolos Bantis, credit analyst at Commerzbank, says S&P's downgrade of Russia does not have systemic risks for the country's bonds.

  • MOSCOW, Jan 28- For Boris Lisitsyn, Russia's financial crisis means less meat, cheese and sausage- hardships the 86- year-old says won't kill him anytime soon. But for him and the millions of pensioners who make up about a third of Russia's population, rising prices are also spurring anger over declining living standards, threatening a pool of support President...

  • Kremlin aggression is continuing: Eurasia  Tuesday, 27 Jan 2015 | 8:43 PM ET

    John Herbst, Director of the Eurasia Center at the Atlantic Council, says there has been a creeping seizure of Ukrainian territory since September's ceasefire.

  • MOSCOW— Russian news reports say that a manager at the Central Bank's branch in a far eastern city has killed three colleagues and then himself after losing his job. The man had worked as a deputy chief of the Central Bank's office in the city of Blagoveshchensk near the border with China before he was fired, the reports said. The Central Bank confirmed the four...

  • A bright spot for Russia: $15B in arms revenue Tuesday, 27 Jan 2015 | 11:51 AM ET
    Russian President Vladimir Putin at the Kremlin in Moscow, December 17, 2014.

    Russian President Vladimir Putin also said Russia exported military equipment to more than 60 countries last year.

  • *Russia added 20.73 tonnes in December-IMF. *Gold price rose in December for first time in five months. SINGAPORE, Jan 27- Russia extended its buying spree of gold to a ninth straight month, and the price of gold rose for the first time in five months, data from the International Monetary Fund showed on Tuesday.

  • MILAN, Jan 27- Embattled Italian oil services group Saipem is in pole position to win a contract worth up to $2 billion to replace pipes at the Kashagan oilfield in Kazakhstan, two sources with knowledge of the matter said on Tuesday. Saipem has had 10 billion euros wiped from its value over the past two years, hit by two profit warnings, a corruption investigation in...

  • MOSCOW, Jan 27- Russia's Gazprom plans to supply the first gas via a new route to Turkey in December 2016, Chief Executive Alexei Miller said in a statement on Tuesday. Gazprom said last year it would build a new pipeline to Turkey with a capacity of 63 billion cubic metres a year to bypass Ukraine. Miller added Russia and Turkey would sign an agreement on building the...