Slumping oil prices have put Russia's economy on course for a sharp recession next year, its finance minister said on Friday.» Read More
The Yamal plan, a $27 billion investment to tap vast natural gas reserves in northwest Siberia, aims to double Russia's stake in the fast-growing market for liquefied natural gas. Russia has said it will make sure Yamal has the resources it needs to keep building.
MOSCOW, Sept 18- Russian gas producer Gazprom is likely to record its lowest output this year since its creation a quarter of a century ago after cutting supplies to Ukraine and losing market share to domestic rivals.
Ukraine's parliament passed a law on Tuesday that will give "special status" to the east of the country including a degree of self-governance.
MOSCOW, Sept 16- Russia risks slipping into recession because the government is not investing enough in the economy to weather Western sanctions, former finance minister Alexei Kudrin said on Tuesday, criticizing the strategy so far.
MOSCOW, Sept 15- Russia's rouble fell to a record low against the dollar on Monday, as Russian companies made payments on foreign debt, oil prices dropped and markets came to expect the central bank would not intervene to defend the currency.
John Hess, Hess CEO, discusses the benefits of exporting America's oil. And Sen. Heidi Heitkamp, (D-N.D.), shares her thoughts.
MOSCOW, Sept 15- Russia's rouble currency hit a new low against the dollar on Monday, hit by falling oil prices and a decision by the central bank not to raise interest rates despite investor concern over the economic effect of the Ukraine crisis.
MOSCOW, Sept 15- The Russian rouble hit historic lows against the dollar on Monday, falling to 38 roubles per dollar, as investors were concerned about Moscow's response to a new wave of Western sanctions over the Ukraine crisis.
MOSCOW, Sept 14- Fresh U.S. and EU sanctions imposed on Moscow will bring an abrupt halt to exploration of Russia's huge Arctic and shale oil reserves and complicate financing of existing Russian projects from the Caspian Sea to Iraq and Ghana.
LONDON, Sept 14- A chance to buy the candy empire of Ukrainian President Petro Poroshenko is the kind of opportunity in a fast-growing market that would normally have multinational confectioners- like Nestle or Cadbury's parent Mondelez- drooling at the prospect.
WASHINGTON, Sept 12- The United States hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions on Friday to punish Moscow for its intervention in Ukraine. They are the latest economic penalties imposed by the West since Russia annexed Crimea from Ukraine in March.
Art Cashin of UBS explains issues for stocks: Higher bond yields, falling commodity prices and next week's Fed meeting.
Falling commodity prices signal deflationary pressure, and that has to be frustrating to the central banks, Art Cashin said.
MOSCOW, Sept 12- State-owned Rostec said on Friday new European Union sanctions would have little impact on the Russian conglomerate's arms exports or on its chief executive, an ally of President Vladimir Putin.
The United States its Western allies hit Russia with tougher new sanctions.
*Russia's gasoline production only slightly above consumption. MOSCOW, Sept 12- Any further Western sanctions which may aim at technology for Russia's modernising oil refineries could lead to gasoline shortages, an energy ministry official said.
DUSHANBE, Sept 12- President Vladimir Putin called on Friday for new efforts to strengthen cooperation with China and ex-Soviet republics in Central Asia after the European Union tightened sanctions on Russia over the Ukraine crisis.
MOSCOW, Sept 12, 2014- Late last month Yelena Tumanova was handed the body of her son in a coffin at her home in Russia's Western Volga region. The documents Yelena Tumanova was given with the body raised more questions than they answered- questions about how her son died and about the Russian government's denials that its troops are in Ukraine.
MOSCOW, Sept 12- President Vladimir Putin took a break from his official duties to slip into a Russian Orthodox Church this week and light a candle for fighters killed in eastern Ukraine. "I left a candle for those who died defending people in Novorossiya," he told reporters after emerging from the Church of the Holy Trinity on a Moscow hilltop.
The United States and its European Union allies announced Thursday that they will be increasing their sanctions against Russia.