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  • *Nigeria overtook Saudi Arabia as India's top oil supplier last month, the first time Saudi Arabia has lost the crown in more than four years, Reuters ship tracking data showed. *Russia is considering more import curbs on Western goods, including confectionery, canned fish products and flowers, after the European Union extended sanctions against Moscow over the...

  • Russia extends ban on Western food imports for a year Wednesday, 24 Jun 2015 | 10:12 AM ET

    MOSCOW— President Vladimir Putin has extended Russia's ban on the import of many agricultural products for another year. The ban was Russia's response to Western sanctions imposed last year over the Ukraine conflict. Putin said Wednesday that Russia's ban on dairy products, meat, seafood, vegetables and fruit would remain in effect until June 24, 2016.

  • MOSCOW, June 24- Russia is considering more import curbs on Western goods, including confectionery, canned fish products and flowers, a minister said on Wednesday, part of Moscow's response to EU sanctions over Ukraine. The ban, which prohibits food imports worth $9 billion from the United States, European Union, Australia, Canada and Norway, was imposed for a year...

  • The unrest is raising concerns about political stability in Armenia, which has relied on close ties with Russia and joined a Moscow- dominated economic alliance. Russia has a military base in Armenia, and Russian companies control some of the most prized economic assets, including the power grid. Some politicians in Russia have suggested that the West or...

  • U.S. West Coast refiners snap up Russian crude cargoes Wednesday, 24 Jun 2015 | 2:57 AM ET

    SINGAPORE, June 24- Refiners on the U.S. West Coast and Hawaii have stepped up purchases of Russian crude, taking advantage of a narrow gap between U.S. and global prices as they look to guard against a seasonal shortage of Alaskan supply, trade and industry sources said. Up to four tankers were expected to carry nearly 3 million barrels of Russia's ESPO crude from...

  • What more sanctions mean for Russia Tuesday, 23 Jun 2015 | 11:40 AM ET
    What more sanctions mean for Russia

    David Buxton, CEO of Arachnys, discusses what impact European and U.S. sanctions are having on Russia.

  • Greek leftist dissenters fume over Tsipras concessions Tuesday, 23 Jun 2015 | 10:58 AM ET

    *Greek PM to struggle to sell concessions to his party. ATHENS, June 23- Word of concessions by Greek Prime Minister Alexis Tsipras in Brussels had barely reached Athens on Monday when one of his own party's lawmakers, Yannis Michelogiannakis, had already decried them as a "tombstone" for Greece. Michelogiannakis, a former Socialist and doctor who made headlines by...

  • CORRECTED-Crisis? What crisis? Russia stalls on reform Tuesday, 23 Jun 2015 | 10:36 AM ET

    MOSCOW, June 23- Russia's interest rates are high and inflation is racing, but all the while his country slides into recession, President Vladimir Putin denies any economic crisis. It may be bravado linked to Moscow's standoff with the West over Ukraine. But with the European Union extending sanctions on Russia and the price of oil still low, Putin's refusal to...

  • Crisis? What crisis? Russia stalls on reform Tuesday, 23 Jun 2015 | 9:57 AM ET

    MOSCOW, June 23- Russia's interest rates are rising and inflation is racing, but all the while his country slides into recession President Vladimir Putin denies any economic crisis. It may be bravado linked to Moscow's standoff with the West over Ukraine. But with the European Union extending sanctions on Russia and the price of oil still low, Putin's refusal to...

  • MOSCOW, June 23- Russia needs a more conservative approach towards its reserves, the central bank said on Tuesday, noting risks to financial stability from limited access to foreign capital, tighter U.S. monetary policy and volatile oil prices. The bank said in its Financial Stability Review that Russia was well hedged against global markets imbalances, but the...

  • *Russia denies seeking confrontation over Ukraine. MUENSTER, Germany, June 22- The United States said on Monday it would contribute special operations forces, intelligence and other high-end military assets to a new NATO rapid response force that aims in part to deter any future actions by Russia. Russia's intervention over Ukraine has put NATO allies in...

  • London, June 22- A world anti-money laundering body has deleted all trace of an alert it issued last week warning that financial institutions had not done enough to police suspicious financial activity by officials at FIFA, soccer's global governing body. The alert, on the website of the Paris- based Financial Action Task Force, was originally posted on June 16,...

  • MOSCOW, June 22- Russia plans to extend a ban on Western food imports for six months starting from early August and may add new products to the list, in retaliation to extended European sanctions against Moscow, officials said on Monday. European Union foreign ministers extended economic sanctions against Russia until Jan. 31 on Monday, keeping up pressure on...

  • LONDON, June 22- A committee of Ukraine's bondholders said on Monday that a debt restructuring plan proposed by Kiev was based on IMF estimates that were not yet publicly available, adding it hoped to meet with the Fund and Ukraine's government soon. Ukraine is negotiating with foreign bondholders to restructure $23 billion of debt as part of a broader...

  • MOSCOW, June 22- Russian President Vladimir Putin has signed a decree on transferring a 25 percent plus one share stake in medium-sized oil producer Bashneft to the region of Bashkortostan, Interfax news agency said on Monday. A Moscow court transferred shares in Bashneft from Sistema- a conglomerate owned by billionaire businessman Vladimir Yetuvshenkov-...

  • CARACAS, June 21- Venezuelan state oil company PDVSA said on Sunday it had signed a raft of investment agreements with top Russian oil producer Rosneft, including a plan to create a joint venture to produce natural gas in the South American country. The "Strategic Plan for Investments" also includes development of new infrastructure to improve the existing oil...

  • Greece to bring more to the table in talks: Minister Saturday, 20 Jun 2015 | 4:43 AM ET
    Greek Prime Minister Alexis Tsipras walks with European Commission President Jean-Claude Juncker (left) ahead of a meeting at the EU Commission headquarters in Brussels, Belgium, June 3, 2015.

    Greece will try to bring more to the table in talks over its debt, a Greek minister said, as fears the country may leave the euro zone build.

  • Greece plays the Putin card Friday, 19 Jun 2015 | 4:20 PM ET
    Greece plays the Putin card

    Nina Khrushcheva, Milano International Affairs Dean, discusses whether Russia can help Greece avoid a default.

  • ST PETERSBURG, Russia, June 19- President Vladimir Putin boasted on Friday that Russia had found the "inner strength" to prevent sanctions causing a deep economic crisis, and told the West to stop using "the language of ultimatums." Investment in Russia has slowed to a trickle, capital flight has risen and the economy has been sliding into recession since oil prices...

  • ATHENS/ LUXEMBOURG, June 19- The European Central Bank expanded emergency funding for Greek banks as savers pulled out 1.2 billion euros in a single day on Friday, bankers said, but Prime Minister Alexis Tsipras insisted the nation's future in the euro was secure. With the country edging closer to default at the end of this month, the leftist leader assured Greeks...