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Vladimir Putin

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  • 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...

  • Putin needs a 'miracle' for economy: Ex-diplomat Tuesday, 27 Jan 2015 | 1:30 AM ET
    Putin needs a 'miracle' for economy: Ex-diplomat

    Andrew Wood, former U.K. ambassador to Russia, says Russian President Vladimir Putin is in trouble and would need a "miracle" to turnaround the country's economy.

  • *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...

  • 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 "...

  • 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...

  • Sanctions sap allure of Russia's Arctic shipping route Thursday, 22 Jan 2015 | 6:58 AM ET

    OSLO/ STOCKHOLM, Jan 22- Western sanctions on Russia are restricting the Arctic shipping route along its north coast to domestic cargoes and energy exports with many foreign firms staying away after test voyages on a fabled short-cut between Europe and Asia. Now it seems that reality is kicking in, "said Bjorn Gunnarsson, managing director of the Centre for High...

  • Obama right about Russia economy: Experts Wednesday, 21 Jan 2015 | 3:10 PM ET
    Russian communist party supporters carry a portrait of late Soviet leader Vladimir Lenin as they take part in a memorial ceremony to mark the 91st anniversary of his death, in Moscow’s Red Square, Jan. 21, 2015.

    Individuals doing business with Russian clients say Obama's claims of Russia's economy being in "tatters" are absolutely correct.

  • 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 Wednesday, 21 Jan 2015 | 1:30 AM ET
    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 Wednesday, 21 Jan 2015 | 1:30 AM ET
    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...