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Vladimir Putin

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  • 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.

  • Cuba relations with Russia & Venezuela in focus   Monday, 22 Dec 2014 | 8:29 AM ET
    Cuba relations with Russia & Venezuela in focus

    CNBC's Michelle Caruso-Cabrera reports Cuba's relationship with Venezuela and Russia are in focus because of the decline in oil prices. Cuba gets more than half of its oil from Venezuela every day.

  • *Kudrin: 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, warning the full effects would be felt next year. Kudrin-- a darling of investors who is credited with building Russia's...

  • MOSCOW, Dec 22- Gazprom, Russia's top gas producer, will stick to President Vladimir Putin's urge to sell foreign currency revenues on the domestic market, the company's deputy CEO Alexander Medvedev told reporters on Monday. "This doesn't create any issues for us. We understand this will help to stabilise the rate, "he said.

  • Russia to enter 'deep recession' in 2015?   Monday, 22 Dec 2014 | 4:00 AM ET
    Russia to enter 'deep recession' in 2015?

    With China's foreign minister offering to help Russia if needed, Neil Shearing, chief emerging markets economist at Capital Economics, discusses how Moscow is fairing, saying 2015 will show a "deep recession" for Russia.

  • MOSCOW, Dec 22- The Russian rouble opened broadly firmer on Monday, supported by higher oil prices and a pause in the panic-selling on the domestic currency market after officials rushed to issue strong verbal support and announce measures to ease the situation. Oil, Russia's chief export, was up, with Brent futures trading above $62 per barrel.

  • China foreign minister says willing to help Russia Sunday, 21 Dec 2014 | 10:20 PM ET

    BEIJING, Dec 22- China is willing to help Russia if needed but believes that the country has the ability to overcome its current economic problems, Chinese Foreign Minister Wang Yi was quoted as saying in a state newspaper on Monday. Wang, speaking to reporters over the weekend, said that Russia also had the "wisdom" to get out of difficulties, the official China Daily...

  • WASHINGTON, Dec 21- U.S. president Barack Obama has rejected the charge that he has been outmaneuvered by Russian president Vladimir Putin, saying in a TV interview due for broadcast later on Sunday that Putin was presiding over "a huge economic contraction" due to the Ukraine crisis. Obama, in an interview with Candy Crowley on CNN's "State of the Union" program...

  • BEIJING, Dec 21- China's trade minister proposed more use of China's currency in settling trade with Russia in the face of a falling rouble to ensure safe and reliable trade, Hong Kong broadcaster Phoenix TV reported on Saturday. Chinese Minister of Commerce Gao Hucheng said the use of China's yuan, or renminbi, has been increasing for several years but western...

  • OTTAWA, Dec 19- Canada announced new sanctions against Russia on Friday, including additional restrictions on the export of technology used in the oil and gas industry, saying it was important to speak truth to power. Foreign Minister John Baird also said sanctions were being applied on 11 Russians and nine Ukrainians, due to Russia's actions in Ukraine.

  • Currency war: Where's the next battlefield? Friday, 19 Dec 2014 | 2:25 PM ET
    People walk below a board showing currency exchange rates, with a mannequin seen behind a shop window, in central Moscow, Dec. 18, 2014.

    There's a currency war going on and the ruble is just one battle, says "Fast Money" trader Brian Kelly. Where's the next battelfield?

  • *Rouble bounces over 3 percent, oil above $60 a barrel. Wall Street's momentum, hopes that Russia was stabilizing and a recommitment from Japan to its massive stimulus campaign pushed Asian stocks to their best day in 15 months. "We have digested the drop in oil, we have gotten past the Fed, and now we will see what we will do for the rest of the year," said Peter Jankovskis,...

  • BERLIN, Dec 19- German Foreign Minister Frank-Walter Steinmeier expressed concern on Friday that EU sanctions against Moscow for its actions in Ukraine could destabilize Russia and warned against "turning the screw" any further. The comments to German weekly Der Spiegel suggest a possible softening in the stance of Steinmeier, a member of the traditionally...

  • GLOBAL MARKETS-Equities extend rally, oil rebounds Friday, 19 Dec 2014 | 11:03 AM ET

    LONDON/ NEW YORK, Dec 19- Equity markets worldwide extended the week's rally on Friday, and oil prices rebounded from recent lows as traders said investors were starting to reduce exposure as the end of year approaches. Wall Street's momentum, hopes that Russia was stabilizing and a recommitment from Japan to its massive stimulus campaign pushed Asian stocks to...

  • Why Russia's crisis could have a ripple effect Friday, 19 Dec 2014 | 10:56 AM ET
    The train ferry crosses the Kerch strait from Port Caucasus, Krasnodar region in southern Russia towards Port Crimea.

    Some say the crisis in Russia won't ripple into Europe and the U.S. — we're not buying it, says portfolio manager Hugh Johnson.

  • BRUSSELS, Dec 19- European Union leaders warned Moscow they are ready to flex their combined muscle and "stay the course" in a long confrontation with Russia if President Vladimir Putin refuses to pull back from Ukraine. In comments that were part warning to Russia, where falling oil prices and Western trade sanctions have brought financial havoc, and part...