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Vladimir Putin

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  • MOSCOW, Dec 16- Russia failed to halt the collapse of the rouble on Tuesday, leaving President Vladimir Putin facing a full-blown currency crisis that could weaken his iron grip on power. A 6.5 percentage point interest rate rise to 17 percent overnight failed to prevent the currency hitting record lows in a "perfect storm" of low oil prices, looming recession and...

  • DOHA, Dec 16- Russia said on Tuesday it would not cut oil output to help prop up prices and refrained from calling on OPEC to do so despite its economy showing signs of severe stress and its currency collapsing to record lows. Oil prices dropped to near $59 per barrel on Tuesday for the first time since 2009 after OPEC member the United Arab Emirates reinforced on...

  • Russia's "difficult" rate hike approved by Putin Tuesday, 16 Dec 2014 | 7:12 AM ET

    *Central Bank governor under pressure. MOSCOW, Dec 16- Late on Monday night Russia's central bank governor wrung out an agreement with her officials to impose the country's biggest rate hike since the financial crisis of 1998-- with the approval of President Vladimir Putin. His ratings are at an all-time high following the annexation of Ukraine's Crimea, but...

  • MOSCOW, Dec 16- The rouble plunged more than 10 percent for the second day on Tuesday and recorded its worst fall since the Russian financial crisis in 1998 as confidence in the central bank evaporated after an ineffectual overnight rate hike. It was more than 15 percent weaker versus the euro at 92.99, dragged lower against both currencies by falling oil prices,...

  • Russia's rate rise won't end well: Expert  Tuesday, 16 Dec 2014 | 6:36 AM ET

    Mark Grant, Southwest Securities discusses the massive interest rate hike in Russia and its likely impact on the ruble.

  • MOSCOW, Dec 16- A sharp overnight rate hike failed to ease pressure on the rouble on Tuesday, as the market continued to test the central bank's resolve to defend the currency and piled more pressure on Russia's faltering economy. At 0907 GMT, the rouble was down around 2.6 percent against the dollar at 66.14 after hitting a new all-time low and was 4.8 percent...

  • MOSCOW, Dec 16- The Russian rouble trimmed its gains on Tuesday after opening 9 percent stronger against the dollar following the central bank's overnight decision to raise rates by 650 basis points, but the currency was still 46 percent down on the year. "We are not expecting a sharp recovery- a recovery towards 50 will definitely not happen," said Dmitry Stadnik, a...

  • Judgment day for Russian rouble after cbank rate hike Tuesday, 16 Dec 2014 | 1:53 AM ET

    MOSCOW, Dec 16- The Russian central bank's overnight decision to hike rates by 650 basis points after the rouble suffered its largest daily fall in 15 years was expected to temporarily stabilise the currency on Tuesday. "We are not expecting a sharp recovery- a recovery towards 50 will definitely not happen," said Dmitry Stadnik, a trader at Rosbank in Moscow.

  • Cramer: Things are awesome right now! Monday, 15 Dec 2014 | 6:14 PM ET

    Jim Cramer wonders... if things are really so bad, then why are so many things going right? He uncovers who is really behind this market decline.

  • The rouble weakened beyond 60 roubles per dollar for the first time as 5-1/ 2- year lows in oil prices threatened Russia's economy. Sales of oil and gas are Russia's chief source of export revenue, while tougher U.S. sanctions on Moscow, which were set out in a bill passed by U.S. Congress Friday, added to Russia's economic woes. "The viciousness of the decline in oil...

  • WASHINGTON, Dec 15- The Obama administration has not yet made a decision on whether the president will sign a bill authorizing new sanctions against Russia over its activities in Ukraine, a senior administration official said on Monday. The official, who declined to be identified, said the administration "remains deeply concerned about the aggressive actions...

  • MOSCOW, Dec 15- The rouble plunged almost 10 percent against the dollar on Monday, its sharpest fall since 1998, and Russian assets sold off across markets, testing the firepower of the central bank and posing a major challenge for President Vladimir Putin. Traders said the slump in the rouble, down 49 percent against the dollar this year, forced the central bank to...

  • MOSCOW, Dec 15- Moving closer to the European Union offers no panacea for Ukraine's financial problems and will mean big losses in economic ties with Moscow, Russian Prime Minister Dmitry Medvedev said in an article published on Monday. He said Moscow had for many years provided generous terms in deals with Kiev which had helped build up Ukraine's economy but...

  • Russia's Putin using military for credibility: Pro  Monday, 15 Dec 2014 | 2:15 AM ET

    Sergei Guriev, professor of economics at Sciences Po, says Russian President Vladimir Putin's credibility comes from propaganda and military success rather than his economic record.

  • US Congress readies new sanctions on Russia Saturday, 13 Dec 2014 | 3:14 AM ET
    Vladimir Putin

    U.S. lawmakers were expected on Friday to approve new sanctions on Russian weapons companies and investors in the country's high-tech oil projects.

  • U.S. Congress readies new sanctions on Russia Friday, 12 Dec 2014 | 4:45 PM ET

    WASHINGTON, Dec 12- U.S. lawmakers were expected on Friday to approve new sanctions on Russian weapons companies and investors in the country's high-tech oil projects, putting more U.S. pressure on President Vladimir Putin for interference in eastern Ukraine. The bill, which will be sent to Obama to sign, requires him to apply sanctions on Russian state-owned...

  • MOSCOW, Dec 12- About 100 Russians who have seen their mortgage payments rocket due to the plunge in the value of the rouble took to the streets of central Moscow on Friday to demand state help. We don't want to default, "said Yelena Lebedenko, an accountant whose monthly repayments have in seven years risen from 40,000 roubles to nearly 90,000..

  • EU shouldn't count on Putin: Richardson  Friday, 12 Dec 2014 | 7:37 AM ET

    Former Gov. Bill Richardson, (D-N.M.), discusses his concerns about stability issues looming in the Middle East and Russia as oil prices crumble.

  • China's century? Oh really...  Friday, 12 Dec 2014 | 6:26 AM ET

    is China poised to become the dominate economic global player? CNBC's Michelle Caruso-Cabrera reports on China's outlook and takes a look at Russia's prospects.

  • Eastern Europe counts cost of a pipeline's demise Friday, 12 Dec 2014 | 5:27 AM ET

    *Serbia sold oil and gas monopoly on promise of South Stream. BELGRADE, Dec 12- As recently as Nov. 21, the Gazprom subsidiary tasked with building the Serbian leg of Russia's South Stream gas pipeline issued a call for mechanics, builders and welders. South Stream represented the biggest infrastructure investment in Serbia in the almost 15 years since the former...