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  • ALMATY, May 16- A Proton-M carrier rocket carrying a Mexican satellite malfunctioned and burnt up over Siberia soon after launch on Saturday, the latest in a series of mishaps for Russia's space industry. Russia's space agency Roscosmos subsequently said in a statement that the satellite, booster and third stage burnt up almost entirely in the atmosphere with...

  • ALMATY, May 16- A Proton-M carrier rocket carrying a Mexican satellite malfunctioned and crashed in Siberia soon after launch on Saturday, the latest in a series of mishaps for Russia's space industry. The final stage of the Proton could still have contained a few tonnes of heptyl, a highly toxic rocket propellant, when it came down in the Chita region of Siberia,...

  • ALMATY, May 16- The final stage of a Russian Proton-M carrier rocket failed to deliver a Mexican communications satellite to the designated orbit and crashed in the Chita region of Siberia on Saturday soon after launch, Interfax news agency reported. The agency, quoting a source in Russia's space industry, gave no other details. Other Russian news agencies...

  • EBRD head throws hat into ring for second term Friday, 15 May 2015 | 11:55 AM ET

    TBILISI, May 15- The head of the European Bank for Reconstruction and Development, Suma Chakrabarti, fired the starting gun on Friday for what is likely to be a year-long race to become the bank's next chief, signaling he would like a second term. The EBRD was set up in 1991 originally to invest in the former Soviet bloc countries of eastern Europe.

  • EBRD eyes cooperation with Chinese-led Asian bank AIIB Friday, 15 May 2015 | 10:19 AM ET

    TBILISI, May 15- The European Bank for Reconstruction and Development said on Friday it was ready to cooperate on projects with China and its newly launched Asian Infrastructure Investment Bank. The EBRD, set up after the collapse of communism in central and eastern Europe, has in recent years expanded its area of operations to include other countries...

  • Russia's central bank to sell rubles   Friday, 15 May 2015 | 7:00 AM ET
    Russia's central bank to sell rubles

    Russia's central bank said it will begin selling rubles to grow its foreign currency reserves.

  • More Russians think America is set to invade? Thursday, 14 May 2015 | 10:15 AM ET
    Russian servicemen march during the Victory Day parade at Red Square in Moscow, Russia, May 9, 2015.

    With US-Russian relations deteriorating, a new survey reveals more Russians fear the US, GlobalPost reports.

  • TBILISI, May 14- Russia's economic contraction will curb the growth prospects this year for ex-Soviet republics in central Asia and the Caucasus, the European Bank for Reconstruction and Development said on Thursday. Declining remittances from migrant workers in Russia will take a heavy toll on countries from Armenia to Tajikistan, while oil producers such...

  • TBILISI, May 14- Russia criticized on Thursday a decision by the European Bank for Reconstruction and Development to suspend further loans to the country over the Ukraine crisis and said the bank should not be swayed by "temporary political trends." Last year the London- based EBRD, set up in 1991 originally to invest in ex-Soviet bloc countries, halted fresh...

  • MOSCOW/ LONDON, May 14- Russian companies could return to international bond markets later this year after being frozen out by Western sanctions over Ukraine as investor appetite for the high-yielding debt picks up. The Minsk agreement to end fighting between pro-Russian separatists and Ukrainian government troops has been frequently violated, however,...

  • Are US-Russia relations set to improve?   Wednesday, 13 May 2015 | 11:00 AM ET
    Are US-Russia relations set to improve?

    With John Kerry's visit to Russia this week, could we see U.S.-Russia relations improve? Tina Fordham, chief global political analyst at Citi, gives her thoughts.

  • MOSCOW, May 13- Russia is consulting with OPEC before a meeting of the oil producers' group in June and the current oil price is within range of Moscow's earlier forecasts, a Russian energy ministry official said on Wednesday. The statement by Kirill Molodtsov, deputy energy minister, suggests Moscow is less worried about the oil price after it rebounded to over...

  • Russia says current oil price in line with forecast Wednesday, 13 May 2015 | 4:31 AM ET

    MOSCOW, May 13- Russia is continuing its consultations with OPEC before a meeting of the oil producers' group in June and sees the current oil price within the range of Moscow's earlier forecasts, a Russian energy ministry official said on Wednesday. The statement by Kirill Molodtsov, deputy energy minister, suggests Moscow is less worried about the oil price...

  • Russia's Surgut denies report on Rosneft stake Wednesday, 13 May 2015 | 3:28 AM ET

    MOSCOW, May 13- Russia's third-largest crude oil producer Surgutneftegas denied on Wednesday a Bloomberg report that the company could possibly take a stake in the country's top oil firm, Rosneft. On Tuesday, Bloomberg said Surgut, which has amassed more than $30 billion in cash reserves, may acquire a 19.5 percent stake in Rosneft after the company asked the...

  • Can Kerry thaw chilly US-Russia relations?   Tuesday, 12 May 2015 | 11:21 PM ET
    Can Kerry thaw chilly US-Russia relations?

    U.S. Secretary of State John Kerry met President Vladimir Putin on Tuesday during his first visit to Russia since the Ukraine crisis began. CNBC's Geoff Cutmore reports from Moscow.

  • Oil rally's winners and losers, country by country Tuesday, 12 May 2015 | 12:05 PM ET
    Oil fracking

    The recent rally in oil has forecasters tweaking their models to see what a sustained price recovery might look like.

  • BRUSSELS, May 12- The former Soviet republics of Georgia, Moldova and Ukraine are moving inexorably from the orbit of a Russian state that promotes values fundamentally alien to its neighbours, according to Georgia's president. The country with the biggest territory in the world is looking for a few more square meters, "he said of Russia, which annexed the Crimea...

  • Time to look at Russia markets? This expert thinks so

    After taking a beating last year due to Western sanctions, Russian markets are looking attractive again, says Jim Rickards, chief global strategist at West Shore Funds.

  • Russians celebrate VE Day   Monday, 11 May 2015 | 6:15 AM ET
    Russians celebrate VE Day

    CNBC's Geoff Cutmore reports on Russia's celebration of Germany's surrender to the Soviet Union in 1945.

  • MINSK, May 11- China has extended $3 billion credit to Belarussian companies and $4 billion in commercial credit to Belarussian banks for financing business projects, Economy Minister Vladimir Zinovsky said on Monday. The credits, which appeared to include $1 billion of loans to two banks announced on Sunday, were part of a raft of deals resulting from...