GO
Loading...

Vladimir Putin

More

  • CARACAS, Venezuela— When Venezuelan President Nicolas Maduro returns from an urgent fundraising trip that has taken him to seven nations, he'll find his oil-dependent economy teetering on the edge and desperate countrymen searching empty store shelves for basic goods. But never before have we had an economic, political and social crisis at the same time, "said...

  • 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...

  • WASHINGTON— The head of the U.S. Chamber of Commerce said Wednesday that U.S. efforts to restore diplomatic ties with Cuba and ease curbs on trade presents American companies with "extraordinary opportunities" to boost business by selling everything from cars to computers. Chamber president and chief executive Thomas Donohue said President Barack Obama's...

  • 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...

  • MOSCOW, Jan 14- Russia's finance minister called on Wednesday for a cut in planned spending to weather an economic crisis, warning of a more than $45 billion drop in revenues this year if the average oil price is $50 a barrel. Adding to the gloom, Economy Minister Alexei Ulyukayev said there was a "pretty high" chance Russia's credit rating would be downgraded to junk...

  • Russian finance minister demands close watch on spending Wednesday, 14 Jan 2015 | 3:49 AM ET

    MOSCOW, Jan 14- Russia must cut expenditure to cover what could be a more than $45 billion drop in revenues this year if the average oil price is $50 a barrel, Finance Minister Anton Siluanov said on Wednesday. He said Russia needed to boost its reserves to overcome many of its difficulties as the price of oil looked set to continue at low levels.

  • Russia appeals for calm as crisis forces it to cut budget Wednesday, 14 Jan 2015 | 3:16 AM ET

    Many parts of the economy, which relies heavily on public spending, will be affected, though Russia's vast military modernization program and spending on infrastructure reforms will remain untouched as the country tries to reassert its power in the face of the West. The Russian ruble, which lost about half of its value last year, was down another 1 percent in...

  • MOSCOW, Jan 12- The European Union will consider lifting sanctions on Russia over the Ukraine crisis only if there is "real progress" in implementing a four-month-old ceasefire deal, Latvia's foreign minister said on Monday. Kiev and Moscow blame each other for the failure to implement the Minsk agreement in a conflict in which more than 4,700 people have been...

  • MOSCOW, Jan 12- Russian prosecutors must monitor the price of fuel, food and medicine and act if wages or benefits are delayed, the head of President Vladimir Putin's administration was quoted as saying on Monday, signalling growing Kremlin fears about inflation. Sanctions imposed by the West over the Ukraine crisis, a retaliatory ban on Western food imports and...

  • *Russia's Siluanov says Ukraine has violated loan terms. MOSCOW, Jan 10- Ukraine has violated the terms of a $3 billion Russian loan but Moscow has not yet decided whether to demand early repayment, Russian Finance Minister Anton Siluanov was quoted on Saturday as saying. Russia lent the money in December 2013 by buying Ukrainian Eurobonds, two months before...

  • *Mayor of Riga concerned about trade links with Russia. RIGA, Jan 9- It's not so much the risk of conflict with Russia that worries the mayor of the Latvian capital Riga; it's the threat to jobs and investment as EU sanctions on Moscow rebound on the economy of the Baltic state. Bounding over to a map of the historic Hanseatic port that covers a wall of his office in the...