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Vladimir Putin

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  • Top official: Russians will 'eat less' for Putin Friday, 23 Jan 2015 | 6:51 AM ET

    DAVOS, Switzerland— Russian Prime Minister Igor Shuvalov, speaking at the World Economic Forum in Davos, on Friday warned the West against trying to topple President Vladimir Putin and said that Russians are ready to sacrifice their wealth in Putin's support. Russia has for the past year been sliding into recession amid a slump in its energy export prices as...

  • 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

    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

    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

    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

    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...

  • *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...

  • 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...