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Vladimir Putin

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  • MOSCOW, Dec 30- Russian authorities are facing some unpalatable options as they try to keep the economy afloat- unless they can persuade President Vladimir Putin to curb massive military spending. Despite a crisis brought on by diving oil markets and Western sanctions, they believe Russia can muddle through next year provided the price of crude, its dominant...

  • MOSCOW, Dec 29- Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis. On top of this, the sanctions imposed over Moscow's role in the Ukraine crisis have deterred foreign investment and led to over...

  • MOSCOW, Dec 29- Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis. On top of this, the sanctions imposed over Moscow's role in the Ukraine crisis have deterred foreign investment and led to over...

  • ABINSK, Russia, Dec 28- As U.S. and European sanctions piled pressure on Russia earlier this year, the Kremlin hit back with an unusual weapon: apples. A day after Russia decreed Polish apples forbidden, Gennady Timchenko, who made a fortune from oil trading during Putin's years in power, applied to buy a large stake in one of Russia's biggest apple producers.

  • MOSCOW, Dec 26- Russian Economy Minister Alexei Ulyukayev sees inflation at 10 percent by the end of next year, he told Rossiya 24 television on Friday, as the rouble crisis persists. Russia has been forced to support banks and hike interest rates in recent weeks to try to arrest the currency's slide and avoid spiralling inflation after years of stability, a...

  • MOSCOW, Dec 26- Slumping oil prices have put Russia's economy on course for a sharp recession next year, its finance minister said on Friday, as authorities scaled up their bailout for the first bank to succumb to the recent rouble crisis. The economy is slowing sharply as Western sanctions over the Ukraine crisis deter foreign investment and spur capital flight,...

  • MOSCOW, Dec 26- Slumping oil prices have put Russia's economy on course for a sharp recession next year, its finance minister said on Friday, as authorities scaled up the bailout of the first bank to succumb to the country's currency crisis. Russia's economy is slowing sharply as Western sanctions over the Ukraine crisis deter foreign investment and spur...

  • MOSCOW, Dec 26- Russia's rouble rose on Friday to its strongest levels in more than three weeks, in a sharp rebound from its recent all-time lows, after the government ordered exporters to sell some of their hard currency revenues. Those measures included a hike in interest rates, curbs on grain exports and informal capital controls such as orders to large oil and...

  • China challenges India's polished diamond throne Thursday, 25 Dec 2014 | 7:18 PM ET

    *India seeks help from Russia to defend market share. NEW DELHI, Dec 26- India's long-held position as the world's top diamond polisher is being challenged by soaring output from China, compelling the south Asian country to seek help from ally and top rough diamond supplier Russia to defend its market share. India has traditionally relied on the middlemen in...

  • MOSCOW, Dec 25- Russia said on Thursday its currency crisis was over even though its forex reserves have plunged and annual inflation has climbed above 10 percent, adding to the problems facing the government as it fights its worst economic crisis since 1998.. The rouble plunged to all-time lows last week on heavy falls in the price of oil, the backbone of the...

  • MOSCOW, Dec 25- Russia said its currency crisis was over on Thursday but warned that inflation is set to climb above 10 percent, adding to the problems facing President Vladimir Putin's government as it fights its worst economic crisis since 1998.. The rouble plunged to all-time lows last week on heavy falls in the price of oil, the backbone of the Russian economy,...

  • MOSCOW, Dec 25- An economic aide to Russian President Vladimir Putin told journalists on Thursday that annual inflation would reach around 11 percent by the end of the year. "We've already reached 10.4 percent, around 11," Andrei Belousov said, RIA Novosti news agency reported. Finance Minister Anton Siluanov said on Thursday that inflation by the end of the year...

  • Oil tanks on surprise rush in US supply, imports Wednesday, 24 Dec 2014 | 11:40 AM ET
    A gas flare is seen at an oil well site outside Williston, N.D.

    Oil futures plunged on a surge in supplies of U.S. oil and a record level of gasoline.

  • MOSCOW, Dec 24- Russia's central bank offered on Wednesday to help top exporters refinance heavy foreign debts next year, expected to be one of the toughest of President Vladimir Putin's 15- year rule for the economy due to Western sanctions and a plunge in oil prices. Even before the move, Standard and Poors put Russia's sovereign credit outlook on "creditwatch...

  • Russia not the tip of contagion crisis: Expert Tuesday, 23 Dec 2014 | 4:31 PM ET
    Russian Prime Minister Dmitry Medvedev listens during a meeting with senior ruling United Russia Party officials in Moscow, Russia, Dec. 23, 2014.

    Global investors shouldn't be looking at Russia as the tip of a systemic Russia-leads-to-contagion crisis, Douglas Rediker said.

  • *Rouble at its highest level against dollar since Dec. 8. MOSCOW, Dec 23- The Russian rouble hit its highest levels in two weeks on Tuesday, shored up by informal capital control measures designed to head off a repeat of the galloping inflation and mass protests that marked Russia's 1998 financial crisis. Shortly after the market opening, the rouble hit 52.88 to the...

  • MOSCOW, Dec 23- Russian authorities put pressure on large state-owned exporters on Tuesday to sell dollars to arrest the rouble's slide and stem fears of a repeat of the galloping inflation and mass protests that characterised Russia's 1998 financial crisis. Putin, who has ruled Russia since 2000, prides himself on achieving higher living standards for...

  • *Rouble at its strongest against dollar since Dec. 8. MOSCOW, Dec 23- The Russian rouble rose to a two-week high on Tuesday after the government and the central bank put pressure on large state-owned exporters to sell dollars to stop further steep losses for the local currency. Kommersant newspaper said, citing unnamed sources, that Russian Prime Minister Dmitry...

  • Saudi 'shock and awe' slams oil; nat gas burned Monday, 22 Dec 2014 | 5:46 PM ET

    OPEC talked down the oil market, sending crude sharply lower, while warm weather and growing supply battered natural gas prices.

  • Death of Morgan Stanley's Rosneft deal   Monday, 22 Dec 2014 | 1:08 PM ET
    Death of Morgan Stanley's Rosneft deal

    CNBC's Kate Kelly discusses the details behind the death of the deal between Morgan Stanley and Rosneft.