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Vladimir Putin

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  • WASHINGTON, Jan 30- An unexpected move by Russia's central bank to cut its main interest rate shows continued chaos in the country's economy, some of it due to Western sanctions related to the Ukraine crisis, a White House spokesman said Friday. "There are specific and clear economic costs associated with President Putin's expedition into eastern Ukraine,"...

  • MOSCOW— The Russian government has awarded the contract for the construction of a $3 billion bridge to Crimea to a longtime ally of President Vladimir Putin. In a decree published online Friday, the government said that a company owned by Arkady Rotenberg would be given the commission to build a bridge linking Crimea— the Black Sea peninsula that Moscow annexed...

  • MOSCOW— In a surprise decision, Russia's central bank on Friday cut its key interest rate, which it had raised sharply last month to support the collapsing ruble, in order to help the fading economy. The move triggered a drop in the ruble, which was down more than 3 percent at 71 rubles against the dollar in early afternoon trading in Moscow. The central bank explained...

  • MOSCOW, Jan 30- Russia's government will employ a company belonging to an ally of President Vladimir Putin to build a bridge connecting mainland Russia to the Crimean peninsula, which Moscow annexed from Ukraine last year. It said SGM, owned by Putin's childhood judo partner Arkady Rotenberg, was "one of Russia's leading holding companies engaged in the...

  • LONDON, Jan 29- Belarus sovereign bonds fell up to 27 cents in the dollar on Thursday on fears of debt restructuring, while broader emerging markets also weakened following a U.S. Belarus yield spreads over Treasuries widened 900 basis points to 1463 bps and its 2015 and 2018 bonds were sold off after President Alexander Lukashenko said the country may have to...

  • Germans in shock as new Greek leader starts with a bang Wednesday, 28 Jan 2015 | 11:15 AM ET

    *Fiery Tsipras start challenges policy assumptions in Berlin. *Russia overtures deepen concerns over EU consensus on Ukraine. The move did not go unnoticed in Berlin.

  • UPDATE 1-OMV, Gazprom amend gas supply deal terms Wednesday, 28 Jan 2015 | 8:15 AM ET

    VIENNA, Jan 28- Austrian energy group OMV and Russian natural gas exporter Gazprom have agreed to amend a long-term contract for gas supplies, OMV said on Wednesday without disclosing details. Alexander Medvedev, deputy head of Gazprom's management committee, and OMV Chief Executive Gerhard Roiss signed the amendment at a meeting in Vienna, OMV said in a...

  • MOSCOW, Jan 28- Russia announced a $35 billion "anti-crisis" spending plan on Wednesday to bail out an economy battered by Western sanctions and falling oil prices, but gave few details of the deep cuts it said would be enacted this year to pay for it. The 2.34 trillion rouble spending plan includes 1.55 billion roubles to support banks, most of which was already...

  • Putin eyes benefits as rebels gain in Ukraine Wednesday, 28 Jan 2015 | 5:09 AM ET

    *Fighting has surged in eastern Ukraine. *Putin blames Kiev but could see gains. MOSCOW, Jan 28- Boxed into a corner by a financial crisis and the West's refusal to drop sanctions over the conflict in Ukraine, Russian President Vladimir Putin has come out fighting.

  • MOSCOW, Jan 28- For Boris Lisitsyn, Russia's financial crisis means less meat, cheese and sausage- hardships the 86- year-old says won't kill him anytime soon. But for him and the millions of pensioners who make up about a third of Russia's population, rising prices are also spurring anger over declining living standards, threatening a pool of support President...

  • Russia's 2014 arms sales top $15 bln - Putin Tuesday, 27 Jan 2015 | 10:49 AM ET

    MOSCOW, Jan 27- Russia sold more than $15 billion worth of arms in 2014, President Vladimir Putin said on Tuesday, adding that new signed orders stood at nearly $14 billion. Russia is the world's second-largest arms exporter after the United States. "Russia will expand its presence on such prospective markets and the Asia-Pacific region, Africa, Latin America and...

  • BRUSSELS— European Union leaders are threatening fresh sanctions against Russia because of what it sees as "growing support" of Moscow for separatists in eastern Ukraine during intensified fighting over the past days. The European Union has imposed a series of economic and political sanctions on Moscow and officials linked with last year's annexation of...

  • What the credit downgrade to 'junk' means for Russia Tuesday, 27 Jan 2015 | 3:45 AM ET

    Standard& Poor's on Monday cut Russia's rating to BB+, a non-investment grade the country last held in 2004, when it was still recovering from a painful financial collapse in the 1990 s. It noted Russia's financial system is weakening, and that the central bank will increasingly have trouble supporting it. Russia's economy is expected to contract by 4 to 5 percent...

  • *S&P cuts Russia's sovereign credit rating. MOSCOW, Jan 26- Ratings agency S&P cut Russia's sovereign credit rating to below investment grade, or "junk" status, on Monday for the first time in a decade. S&P said in a statement it had cut the rating from BBB- to BB+, with a negative outlook, and that Russia's economic growth prospects- hit by low oil prices and Western...

  • S&P downgrades Russia credit rating to junk Monday, 26 Jan 2015 | 1:27 PM ET

    LONDON— Standard& Poor's rating agency on Monday downgraded Russia's credit grade by one notch to junk status, citing a weakened economic outlook. Russia's economy has been hit hard by the double impact of weaker prices for its energy exports as well as Western sanctions. Standard& Poor's said that Russia's financial system is weakening, limiting room for...

  • MOSCOW, Jan 26- The rouble and Russian stocks fell sharply on Monday, following a return to full-scale warfare in eastern Ukraine and threats of further Western sanctions against Russia. Washington and Brussels are both considering new sanctions against Russia after accusing it of openly supporting the latest rebel advance in Ukraine.

  • MOSCOW, Jan 26- Russian officials will have to revise the spending priorities of one of Russia's two "rainy day" funds, daily newspaper Vedomosti reported on Monday, as officials scramble to find ways to fight a deepening financial crisis. Citing sources in Russia's financial and economic sectors, Vedomosti said officials needed to find ways of funding its "...

  • To avoid being called a party to the conflict, as Ukraine and the West see it, Russia is pushing the Ukrainian government to speak directly to the rebels. "is not even an army, it's a foreign legion, in this case a NATO foreign legion," Putin said, adding that it's serving the goal of "the geopolitical containment of Russia, which absolutely don't coincide with the...

  • MOSCOW, Jan 26- The Russian rouble fell sharply on opening on Monday, following a weekend of violence in eastern Ukraine and threats of further Western sanctions against Russia. President Vladimir Putin blamed "criminal orders" by Ukrainian leaders on Friday for a surge in fighting in east Ukraine, and Russian-backed separatists struck a bellicose tone in...

  • MOSCOW, Jan 23- Russia may have to spend more than $40 billion this year to avert a banking crisis, as the growing likelihood of a sharp recession threatens to pile extra costs on a sector suffering from Western sanctions over Ukraine and a plunge in the rouble. Russia's central bank has already relaxed regulation of banks, and the government has pledged support of...