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Dmitry Medvedev

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  • MOSCOW, Dec 17- Russia's rouble strengthened sharply on Wednesday after dramatic falls on the previous two days as the government pressured exporters not to hoard foreign-currency earnings and the central bank announced new measures to support financial stability. The situation poses a major challenge for President Vladimir Putin whose popularity,...

  • MOSCOW, Dec 17- Prime Minister Dmitry Medvedev called on Russia's top exporters on Wednesday to behave "responsibly" and manage their foreign currency revenues in a way that would not boost rouble volatility, the government's press office said.

  • MOSCOW, Dec 16- The overnight decision by the Russian central bank to raise rates came too late, RIA Novosti cited Economy Minister Alexei Ulyukayev as saying on Tuesday. Ulyukayev, speaking after a meeting with top policy makers hosted by Prime Minister Dmitry Medvedev, also said capital controls were not discussed. Ulyukayev added the officials discussed...

  • MOSCOW, Dec 16- Russian Prime Minister Dmitry Medvedev held a meeting on Tuesday with top central bank and government officials on the country's financial and economic situation, according to a press release published on the government's website. "The meeting was attended by First Deputy Prime Minister Igor Shuvalov, an aide to the President of Russia Andrei...

  • MOSCOW, Dec 16- Russia failed to halt the collapse of the rouble on Tuesday, leaving President Vladimir Putin facing a full-blown currency crisis that could weaken his iron grip on power. A 6.5 percentage point interest rate rise to 17 percent overnight failed to prevent the currency hitting record lows in a "perfect storm" of low oil prices, looming recession and...

  • As Ukraine truce holds, Russia vows economic pain Monday, 15 Dec 2014 | 12:53 PM ET

    KIEV, Ukraine— Fighting in eastern Ukraine between government troops and Russian-backed separatist forces has ground almost to halt. That should be good news for Ukraine, but Russia looks intent to pile on the economic misery. In a detailed op-ed piece Monday, Russian Prime Minister Dmitry Medvedev painted a grim forecast of Russian economic blockades ahead...

  • MOSCOW, Dec 15- Moving closer to the European Union offers no panacea for Ukraine's financial problems and will mean big losses in economic ties with Moscow, Russian Prime Minister Dmitry Medvedev said in an article published on Monday. He said Moscow had for many years provided generous terms in deals with Kiev which had helped build up Ukraine's economy but...

  • Eastern Europe counts cost of a pipeline's demise Friday, 12 Dec 2014 | 5:27 AM ET

    *Serbia sold oil and gas monopoly on promise of South Stream. BELGRADE, Dec 12- As recently as Nov. 21, the Gazprom subsidiary tasked with building the Serbian leg of Russia's South Stream gas pipeline issued a call for mechanics, builders and welders. South Stream represented the biggest infrastructure investment in Serbia in the almost 15 years since the former...

  • MOSCOW, Dec 10- The weakness of the rouble is hurting Russia, which has lost tens of billions of dollars because of sanctions imposed by the West in the Ukraine crisis, Prime Minister Dmitry Medvedev said on Wednesday. In a sober assessment of an economy edging towards recession, Medvedev said Russia should reduce its reliance on energy exports, which makes it...

  • Russian PM says rouble slide bad for economy Wednesday, 10 Dec 2014 | 4:24 AM ET

    MOSCOW, Dec 10- The devaluation of the rouble is hurting the Russian economy, Prime Minister Dmitry Medvedev said on Wednesday, adding that the currency was undervalued and he believed it would strengthen.

  • MOSCOW, Dec 10- Russia may be forced to revise its 2015 budget if economic conditions change sharply, Prime Minister Dmitry Medvedev said on Wednesday. "If economic conditions change significantly, we will have to review our scenarios and, eventually, we will have to take decisions on the budget. But we are not doing that yet, "Medvedev said in an interview with...

  • MOSCOW, Nov 11- The rouble resumed its dramatic slide on Tuesday, a day after the Russian central bank floated the currency that has been driven sharply lower by falling oil prices and economic sanctions imposed over Russia's policy in Ukraine. A new threat to a two-month-old ceasefire in eastern Ukraine has hurt hopes that sanctions could be lifted soon.

  • Russian PM says no reason for rouble to weaken further Tuesday, 11 Nov 2014 | 4:35 AM ET

    MOSCOW, Nov 11- Russian Prime Minister Dmitry Medvedev said on Tuesday there were no fundamental reasons for the rouble to weaken further and ruled out restrictions on foreign currency sales. "The position of the government and the central bank is absolutely united- there should be no restrictions on foreign currency sales," Medvedev told a government meeting.

  • It may seem a poor time to imagine a revamped security architecture for Europe when a frail ceasefire in eastern Ukraine is violated daily, raising the stakes in another "frozen conflict" in the post-Soviet space surrounding Russia. The United States and the European Union have imposed three waves of sanctions on Moscow over its annexation of Crimea and...

  • *Car sales sinking in economic downturn in Russia. MOSCOW, Nov 6- Russia's cheap but often-derided Lada car is enjoying a modest turnaround from sliding sales, perhaps thanks more to a state scheme designed to counter Western sanctions than any burst of patriotism over the Ukraine crisis. Russia's top carmaker Avtovaz said on Thursday that sales of Ladas, which...

  • *Talks to unblock Russia gas supply to Kiev resume Thursday. BRUSSELS/ KIEV, Oct 30- Ukraine and the European Union have agreed that the EU's executive arm will serve as guarantor in any agreement for Russia to supply Ukraine with gas, Ukrainian Prime Minister Arseny Yatseniuk said on Thursday. EU-hosted talks to unblock deliveries of Russian gas to Ukraine will...

  • MOSCOW, Oct 30- Russian Energy Minister Alexander Novak said Moscow and Kiev could sign a gas deal later on Thursday if all the necessary documents were finalised. He added that Moscow would insist on prepayment for future gas deliveries to Ukraine, which it stopped supplying with gas in June, citing unpaid gas debts. Ukraine's efforts to unblock deliveries of...

  • INSIGHT-Sanctions bind Russia's energy elite to Putin Wednesday, 29 Oct 2014 | 2:00 AM ET

    MOSCOW, Oct 29- An offer by Gazprom to help rival Rosneft salvage an Arctic oil project shows how tightly sanctions have bound Russia's political and business elite together in the Ukraine crisis- an unintended consequence of the West's punitive measures. Some Gazprom executives now say this month's little noticed proposal to loan Rosneft a drilling rig was "...

  • *Russia languishes near bottom of air safety league. *Russia lacks systematic approach to safety- pilot. Numerous official investigations and a crackdown in recent years have done nothing to raise Russia from near the bottom of the global league, largely due to weak regulation and the effects of sky-high alcohol consumption.

  • *Oil price plunge could cost Russia $65- 75 bln. MOSCOW, Oct 16- A steep plunge in the rouble, caused by sanctions over the Ukraine crisis and falling oil prices, has underlined Russia's heavy dependence on Western finance to balance its dollar-thirsty economy. For all President Vladimir Putin's anti-Western bravado and talk of shifting Russia's economic ties to...