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Vladimir Putin

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  • MOSCOW, Nov 22- Russia's rouble, which has fallen almost 30 percent against the dollar this year, will continue to decline over the next two years, Interfax news agency quoted former Finance Minister Alexei Kudrin as saying on Saturday. The rouble has sunk during an economic downturn, made worse by a fall in global oil prices and sanctions imposed by the West over...

  • *Novak, Rosneft's Sechin to fly to Vienna before OPEC meeting. Before OPEC meets next week, Russia has already spoken to members Venezuela and Saudi Arabia about the need to support the oil market, and Moscow expects to send a high-ranking delegation to Vienna before the meeting to press the message on prices. A price of at least $100 a barrel is needed to balance the...

  • MOSCOW, Nov 21- Former Finance Minister Alexei Kudrin warned President Vladimir Putin on Friday that "excessive conservatism" could restrict economic and political freedoms and said populist policies would weaken Russia. Kudrin, a liberal economist and long-time Putin ally, also said it would take years to woo foreign investors back to Russia and restore...

  • The rouble was also supported by a firming oil price, with Brent crude gaining to $78.8 per barrel as markets weighed the possibility of OPEC cutting production at a key meeting on Nov. 27. "If OPEC takes a decision to reduce volumes this will have a notable impact on the rouble, but for the time being it will probably trade sideways," Grand Capital analyst Sergei...

  • *Western insurers fear further sanctions on Russia. LONDON/ MOSCOW, Nov 20- Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out, worried that any business they undertake is at risk from future measures and an increasingly sick economy. Existing sanctions, along with an oil...

  • Russia has little to offer in oil price war Thursday, 20 Nov 2014 | 6:53 AM ET

    *Russia needs oil price of $100 to balance budget. MOSCOW, Nov 20- Russia can do little to shore up slumping global prices even if OPEC wants it to. Before next week's meeting of OPEC, Russia has already spoken to group member Venezuela about the need to "coordinate actions in defence" of oil prices and it plans to send a high-ranking delegation to press the message.

  • MOSCOW, Nov 20- The rouble opened stronger against both the dollar and the euro on Thursday, supported by end-of-month taxes that raise demand for the Russian currency, as volatility eased. "Persistent excessive volatility was likely one of the main factors behind the deterioration of forex spot liquidity," VTB Capital analysts said in a note.

  • SPECIAL REPORT-Crimean savers ask: Where's our money? Thursday, 20 Nov 2014 | 1:30 AM ET

    Ten months after Russia invaded this Black Sea peninsula and seized it from Ukraine, the financial fallout is still being felt. Lawyers for the banks are preparing legal actions against Russia, which confiscated many of the banks' buildings, equipment and cash. The banking and phone chaos are another front in the conflict between Ukraine and Russia.

  • MOSCOW, Nov 19- President Vladimir Putin hailed Hungary as one of Russia's most important partners on Wednesday, giving his seal of approval to a budding relationship with a Soviet-era ally that is worrying some of its European Union allies. While the Ukraine crisis is straining ties between many EU capitals and Moscow, Hungary- which relies heavily on Russia...

  • *Uralkali suspends work at mine after water flows in. *Uralkali is key market player, part-owned by Putin ally. MOSCOW/ YEKATERINBURG, Russia, Nov 19- Shares in Russia's Uralkali, the world's top potash producer, fell sharply for a second day on Wednesday after a mine accident that could reduce global supplies and push up prices of the crop nutrient worldwide.

  • Putin, who has fiercely criticised Washington over the crisis in Ukraine that has strained U.S.-Russian relations, spelled out his basic terms for better ties after receiving the credentials of the new U.S. ambassador to Russia, John Tefft. The United States and the European Union have imposed sanctions on Russia over its policies in Ukraine, where...

  • MOSCOW, Nov 19- Russian President Vladimir Putin called on Wednesday for deeper ties with North Korea to improve regional security, a day after holding talks with a personal envoy of North Korean leader Kim Jong Un. Russia is also one of five countries involved in talks with North Korea on its nuclear program. But receiving the credentials of North Korea's new...

  • UPDATE 2-Ukraine rules out direct talks with separatists Wednesday, 19 Nov 2014 | 7:07 AM ET

    *Russia presses Kiev to hold direct talks with separatists. KIEV/ MOSCOW, Nov 19- Russia urged Ukraine's leaders on Wednesday to talk directly to separatists to end the conflict in the east, but Kiev rejected the call and told Moscow to stop "playing games" aimed at legitimizing "terrorists." Kiev and the West accuse Russia of destabilizing Ukraine by providing the...

  • MOSCOW, Nov 18- Russian President Vladimir Putin said on Tuesday that the central bank had made the right decision earlier this month to allow the rouble to float and that the rouble's slide had not changed the life of ordinary citizens. "The central bank made the right decision," Putin told a meeting with his core support group, the People's Front.

  • MOSCOW, Nov 18- The head of Russia's central bank defended on Tuesday its decision to float the rouble, saying it had restricted speculative attacks on the currency and the country's financial markets were resilient to a slump in oil prices. The central bank has been under intense pressure to stem a slide in the rouble, which has fallen almost 30 percent against...

  • Indian leader wants closer links with Australia Monday, 17 Nov 2014 | 8:23 PM ET

    CANBERRA, Australia— Indian Prime Minister Narendra Modi on Monday called for a closer strategic partnership between India and Australia as well as a closer trading relationship, warning that peace in the Asia-Pacific region cannot be taken for granted. Modi said in a rare address to the Australian Parliament that few countries have as much synergy as...

  • Cramer: Don't hit panic button on weakness abroad Monday, 17 Nov 2014 | 6:12 PM ET
    Russia's President Vladimir Putin speaks at a news conference at the end of the G20 summit in Brisbane November 16, 2014.

    Jim Cramer takes a hard look at what is happening overseas to see if it is really a bad thing. Could this mean a few extra bucks in your pocket?

  • *Rosneft chief Vienna visit sparks OPEC coordination talk. The surprise announcement from the state-backed firm raised speculation that Sechin, a close ally of President Vladimir Putin, will discuss coordinating with OPEC to try stem the near 30 percent drop in oil prices since June. Previous overtures between the producer group and Russia, the largest oil...

  • MOSCOW, Nov 17- Top Russian oil producer Rosneft said Chief Executive Igor Sechin would fly to Vienna on Nov. 25 for an energy market conference, just two days before OPEC meets in the city to debate the plunge in oil prices. Russia is the biggest oil exporter outside OPEC. Sechin, as Russia's deputy prime minister, attended OPEC meetings in 2008 and 2009 when prices...

  • *Russia media back him, say summit was calm. MOSCOW, Nov 17- It may have looked in the West like Russian President Vladimir Putin fled this weekend's G20 summit early with his tail between his legs after being berated over Ukraine. But it was a different story in Russia, where pliant media praised Putin for being courageous enough to "enter the lion's den", stand up to his...