The overnight decision by the Russian central bank to raise rates came too late, RIA Novosti cited Economy Minister Alexei Ulyukayev as saying.» Read More
LONDON/ MOSCOW, Sept 9- The Kremlin's prized oil firm Rosneft is cutting staff and production and selling stakes in Siberian fields in the strongest evidence to date that Western sanctions are hurting what was the world's fastest growing oil firm in recent years.
MOSCOW, Sept 8- Russian stocks and the rouble extended losses on Monday afternoon after the European Union announced new sanctions over Russia's actions in Ukraine despite Friday's peace deal between Kiev and separatist rebels.
*Russia faces new European Union sanctions. MOSCOW, Sept 8- Russia signaled on Monday it might ban Western airlines from flying over its territory as part of an "asymmetrical" response to new European Union sanctions over the Ukraine crisis.
Copy of letter seen by Russia's Grain Union, Reuters. MOSCOW, Sept 5- Russia, one of the world's largest wheat exporters, said on Friday it was not considering grain export curbs as an option to balance domestic demand during the 2014/ 15 marketing season.
MOSCOW, Sept 5- Russia's government has not received a letter from the Agriculture Ministry about a possible grain export ban, Natalya Timakova, a spokeswoman for Prime Minister Dmitry Medvedev, said on Friday.
MOSCOW, Sept 5- Russia's Agriculture Ministry has proposed restricting grain exports in the 2014/ 2015 season as a possible way of balancing the domestic market, Arkady Zlochevsky, head of Russia's Grain Union, said. Russia shocked grain markets with a one-year export ban in 2010 when drought ravaged that year's harvest.
MOSCOW, Sept 5- Russia's Agriculture Ministry has proposed restricting grain exports in the 2014/ 2015 marketing season as a possible way of balancing the domestic market, Interfax new agency reported, citing a letter from the ministry to Prime Minister Dmitry Medvedev.
MOSCOW, Aug 22- In the escalating dispute between Russia and the West over Ukraine, a group of businessmen with Kremlin connections are emerging as likely beneficiaries of the tit-for-tat sanctions.
*Gazprom has first loss since 2008 due bad Ukraine debts. MOSCOW, Aug 14- Russia's Rosneft, which produces more oil than Iraq or Iran, is seeking a $42 billion loan from a fund earmarked for Russian pensions to help it weather Western sanctions imposed over Moscow's role in Ukraine.
Activists hacked the Twitter account of the Russian Prime Minister on Thursday to announce he was resigning from government.
Mehmet Buyukeksi, head of the Turkish Exporters Assembly, said he expected a significant increase in poultry and seafood exports to Russia, and that Turkey could also meet increased Russian demand for fruit and vegetables. Turkey was the 5th leading supplier of food to Russia with $1.68 billion worth of trade in 2013..
*Afren suspends output from Kurdistan, shares weaken. *Nokian Renkaat hit by plummeting sales in Russia. Tensions between the West and Russia and the advance of Sunni militants in Iraq have alarmed investors already weighing the implications of weak European economic data and the prospect of U.S. monetary tightening.
*Afren suspends output from Kurdistan, shares weaken. *Nokian Renkaat hit by plummeting sales in Russia. London- listed oil producer Afren said it had suspended output at its Barda Rash oilfield, the first to shut in Iraqi Kurdistan.
*Russia eyes meat, milk imports from Latin America. MOSCOW/ ISTANBUL, Aug 8- Turkey and Latin American countries such as Brazil look likely to emerge as key winners from Russia's decision to ban most European Union and U.S. food imports in retaliation for Western sanctions over Moscow's role in Ukraine.
*Afren suspends output from Kurdistan, shares weaken. *Nokian Renkaat hit by plummeting sales in Russia. President Barack Obama authorized air strikes in Iraq.
*Afren sinks after suspends output from Kurdistan. *Nokian Renkaat hit by plummeting sales in Russia. *Monte dei Paschi falls after results.
Corn futures also fell, weighed down by light demand on the export market. Traders said the wheat market was in focus owing to concerns about how the conflict between Russia and Ukraine would affect exports from the Black Sea region.
*Russia bans all meat, fish, poultry, dairy, fruit and veg from US, EU, Canada, Australia, Norway. MOSCOW/ DONETSK, Ukraine, Aug 7- Moscow banned imports of most food from the West on Thursday in retaliation against sanctions over Ukraine, a stronger than expected measure that isolates Russian consumers from world trade to a degree unseen since Soviet days.
*Wheat falls after hitting highest since June 30. Traders said the wheat market was in focus due to concerns about how the conflict between Russia and Ukraine would affect exports from the Black Sea region.
*Russia bans Western food imports to retaliate against sanctions. MOSCOW, Aug 7- TsUM department store once showcased the Soviet Union's meager offering of consumer goods.