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Vladimir Putin

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  • Ukraine President: Must stop this 'terrorism'   Wednesday, 21 Jan 2015 | 10:00 AM ET
    Ukraine President: Must stop this 'terrorism'

    At Davos, Ukraine's President Petro Poroshenko talks to CNBC about how the country needs help from the rest of the world to stop its conflict with Russia.

  • MOSCOW, Jan 21- Russian ministers presented President Vladimir Putin with a 1.375 trillion rouble anti-crisis plan on Wednesday, including 250 billion roubles from the National Wealth fund to help recapitalise state banks. Russia's economy is sliding towards recession, hurt by a collapse in global oil prices, Western sanctions over the Ukraine crisis and a...

  • Russia weighs heavily at Davos   Wednesday, 21 Jan 2015 | 7:00 AM ET
    Local residents inspect their home, which was damaged by last night's shelling in the village of Sartan, near Mariupol January 20, 2015.

    CNBC's Phil Han reports on what business and political leaders think about the continuing crisis between Russia and the west.

  • DAVOS, Switzerland, Jan 21- Russia may see a natural decline in oil output by around 1 million barrels per day at most but has no plans to cut production in coordination with OPEC, Deputy Prime Minister Arkady Dvorkovich said on Wednesday. Russia is the world's biggest oil producer and output hit a post-Soviet high at an average 10.58 million bpd last year, but...

  • Russia won't cut oil production artificially: Deputy PM

    Arkady Dvorkovich, deputy prime minister of the Russian Federation, says some expensive oil projects will be put on hold but the country's companies will not be cutting production in response to the low price.

  • Ukraine is escalating situation with Russia: Deputy PM

    As world leaders gather in Davos, Arkady Dvorkovich, deputy prime minister of the Russian Federation, says violence between Russia and Ukraine is being escalated by Kiev.

  • The rich and famous visit Davos Tuesday, 20 Jan 2015 | 4:04 AM ET
    Will.I.Am

    CNBC gives a who's who of the rich and famous expected to attend this year's World Economic Forum.

  • MOSCOW, Jan 19- Russia might consider banning grain exports altogether if informal trade restrictions already in place fail to benefit the economy as hoped, a senior minister said on Monday. Russia had been exporting record volumes from a large grain crop of 104 million tonnes as the plunging value of the rouble linked to the country's economic crisis spurred a...

  • Could ECB QE be Russia's savior?   Monday, 19 Jan 2015 | 4:40 AM ET
    Could ECB QE be Russia's savior?

    How will the European Central Bank's first meeting of 2015 affect Russia? David Hauner, head of cross-asset strategy for EEMEA at BofA Merrill Lynch Global Research, says that if the ECB is aggressive with bond-buying and stabilizes oil prices, it could reduce risk in Russia.

  • MEXICO CITY, Jan 16- Venezuelan President Nicolas Maduro wants to meet with his Mexican counterpart Enrique Pena Nieto to discuss a slump in crude oil prices when they attend a summit in Costa Rica at the end of January, a diplomatic source said on Friday. Maduro is wrapping up a tour that took him to China, Russia Iran, Qatar, Saudi Arabia and Algeria, in what OPEC...

  • *Budget faces $46 billion shortfall at $50 oil price. MOSCOW, Jan 15- President Vladimir Putin's insistence on huge defense spending makes it hard to see how a government plan to make deep budget cuts will see Russia through a deepening economic crisis. Finance Minister Anton Siluanov called on Wednesday for a 10 percent cut in planned expenditures, warning that...

  • Austrian banks count cost of eastern troubles Friday, 16 Jan 2015 | 2:00 AM ET

    UniCredit Bank Austria, the Austrian bank with the biggest exposure to CEE, booked a 1.6 billion euro loss in 2013 after big goodwill impairments for exposure in the East, where it is trying to sell its Ukraine business after ending an ill-fated foray into Kazakhstan. Raiffeisen ratcheted higher estimates for bad loan provisions due to increasing violence in...

  • Putin's defence fixation deepens Russian budget problems Thursday, 15 Jan 2015 | 12:25 PM ET

    *Budget faces $46 billion shortfall at $50 oil price. MOSCOW, Jan 15- President Vladimir Putin's insistence on huge defence spending makes it hard to see how a government plan to make deep budget cuts will see Russia through a deepening economic crisis. Finance Minister Anton Siluanov called on Wednesday for a 10 percent cut in planned expenditures, warning that...

  • MOSCOW, Jan 15- The rouble firmed on Thursday, tracking the performance of global oil prices, with investors remaining nervous, however, at the prospect of Russia's sovereign debt being downgraded to' junk' status. The rouble often takes its lead from prices for oil, one of Russia's chief exports, and crude rallied on dollar weakness. S&P currently rates Russia's...

  • EU may flirt with Moscow, not yet set to yield Thursday, 15 Jan 2015 | 9:42 AM ET

    BRUSSELS, Jan 15- The European Union's foreign policy chief Federica Mogherini has set out ways to tempt Russia into defusing the Ukraine crisis but the divided bloc is unlikely to ease sanctions or thaw chilly relations with Moscow any time soon. In a paper to be put to EU foreign ministers on Monday as they prepare a leaders' summit in March that will review...

  • MOSCOW, Jan 15- Russia's oil export duty is expected to fall to $112.9 per tonne in February after lower oil prices and changes in tax laws, a move which could spur sales abroad by the world's second largest oil exporter. Calculations by the Finance Ministry and Reuters showed on Thursday that there could also be a zero export rate for oil produced at newer fields in...

  • MOSCOW, Jan 14- Russia's central bank replaced its head of monetary policy on Wednesday, the first reshuffle since the bank failed to halt the rouble's sharp decline late last year. A long-time central bank technocrat, Dmitry Tulin, will replace Ksenia Yudayeva who has been the focus for criticism over the defense of the rouble, which fell more than 40 percent last...

  • Venezuelan and Algerian officials have this year initiated talks over production levels between Russia and producers group OPEC, but officials in Moscow have said the country, in which around 40 percent of output is in private hands, would find it technically tough to cut. Yet Maduro's move is supported by some in OPEC such as Iran and Venezuela, who want output...

  • Maduro's call is supported by OPEC price bulls, such as Iran and Venezuela, who want output cuts from OPEC but can contribute little themselves. Gulf OPEC sources have said Saudi might consider cutting production if non- OPEC members, such as Russia, joined. Russia agreed to symbolic output cuts in tandem with OPEC during the 2001 price collapse, but never followed...

  • Russia's financial crisis may bury Putin's Eurasian dream Wednesday, 14 Jan 2015 | 6:37 AM ET

    From Belarus on the European Union's fringe to Kazakhstan on the border with China, some of those once firmly in Moscow's grip are now questioning whether Russia has what it takes to lead. While some, such as Belarus, have been forced by the economic blowback from Russia to devalue their currencies, others, such as Azerbaijan, are spending millions of dollars to...