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Vladimir Putin

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  • 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.

  • Russian women advised to use beetroot lipstick Monday, 22 Dec 2014 | 12:12 PM ET
    Who needs expensive imported lipstick when you have beetroot?

    A Russian politician is advising women to use beetroot instead of expensive imported lipstick.

  • According to the median of 11 economists' predictions, gross domestic product will fall 3.6 percent in 2015. After growth of just 0.5 percent this year, the recession will challenge President Vladimir Putin's promise last week that Russia can eventually recover from what he called "tough times". At the start of this year analysts forecast the economy would...

  • MOSCOW, Dec 22- The Russian rouble firmed to a 10- day high against the dollar on Monday as exporters sold foreign currency revenues, partly to meet tax obligations and partly in response to a call from President Vladimir Putin. However, by 1615 GMT it had slipped back to 55.99 to the dollar and 68.50 to the euro as oil, Russia's chief export, fell 1.8 percent to $60.27.

  • Russia isn't like the '1990s'   Monday, 22 Dec 2014 | 11:20 AM ET
    Russia isn't like the '1990s'

    Russia has been dominating the news recently and its economy is not looking good. Anastasia Nesvetailova, director at City University's political economy research centre explains more.

  • Time to end the Cold War for good: Jeffrey Sachs Monday, 22 Dec 2014 | 10:54 AM ET
    Former President of the Soviet Union Mikhail Gorbachev last November.

    The Cuba rapprochement is a reminder that a Ukraine resolution is needed and that it's time to end the Cold War once and for all, says Jeffrey Sachs.

  • *Kudrin: Russia didn't tackle problems fast enough. *Russia to be downgraded to' junk' status next year. MOSCOW, Dec 22- Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy.