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Vladimir Putin

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  • VIENNA, Nov 25- Russia's most powerful oil official, Igor Sechin, was due in Vienna on Tuesday for talks with OPEC members as the group's leader Saudi Arabia kept the market guessing about its response to flagging oil prices. Sechin, the head of state oil company Rosneft and a close ally of Russian President Vladimir Putin, is expected to meet OPEC officials amid...

  • VIENNA, Nov 25- Russia's most powerful oil official, Igor Sechin, was due in Vienna on Tuesday for talks with OPEC members as the group's leader Saudi Arabia kept the market guessing about its response to flagging oil prices. Sechin, the head of state oil company Rosneft and a close ally of Russian President Vladimir Putin, is expected to meet OPEC officials amid...

  • MOSCOW, Nov 25- Crimeans should pay off their debts to Ukrainian banks despite now living under Russian law, a Russian central bank official was quoted as saying, marking a change in position by Moscow which had suggested ignoring any payment demands. His spokesman later said Putin was referring to the fact that the banks' branches had closed in Crimea since...

  • Sanctions & oil drop cost Russia about $130 billion

    CNBC's Michelle Caruso-Cabrera reports how much money Russia loses when oil prices fall, and the cost of sanctions imposed by the U.S. and the EU.

  • Separately, Poroshenko also announced that Lithuania would provide Ukraine with some military aid to help Kiev in its fight against pro-Russian separatists in the east of the country. It was not clear, however, if Lithuania was following fellow NATO member the United States in providing non-lethal military equipment or whether it was supplying weaponry-...

  • Putin more problematic than ISIS: Friedman   Monday, 24 Nov 2014 | 7:36 AM ET
    Putin more problematic than ISIS: Friedman

    Discussing Russian President Vladimir Putin's plans with Ukraine, with Thomas Friedman, New York Times columnist.

  • MOSCOW, Nov 22- Russia's rouble, which has fallen almost 30 percent against the dollar this year, will continue to decline over the next two years, Interfax news agency quoted former Finance Minister Alexei Kudrin as saying on Saturday. The rouble has sunk during an economic downturn, made worse by a fall in global oil prices and sanctions imposed by the West over...

  • *Novak, Rosneft's Sechin to fly to Vienna before OPEC meeting. Before OPEC meets next week, Russia has already spoken to members Venezuela and Saudi Arabia about the need to support the oil market, and Moscow expects to send a high-ranking delegation to Vienna before the meeting to press the message on prices. A price of at least $100 a barrel is needed to balance the...

  • Investor settlement is a catalyst for micex   Friday, 21 Nov 2014 | 4:20 AM ET
    Investor settlement is a catalyst for micex

    Mikhail Liluashvili, Russia economist at Oxford Economics says the main catalyst driving the MICEX market is "investor settlement" and discusses the three factors contributing to the weak ruble.

  • MOSCOW, Nov 21- Former Finance Minister Alexei Kudrin warned President Vladimir Putin on Friday that "excessive conservatism" could restrict economic and political freedoms and said populist policies would weaken Russia. Kudrin, a liberal economist and long-time Putin ally, also said it would take years to woo foreign investors back to Russia and restore...

  • Ruble stability good for Russian stocks: Pro   Friday, 21 Nov 2014 | 1:30 AM ET
    Ruble stability good for Russian stocks: Pro

    Anna Zadornova, economist at UBS, says the central bank is taking steps to stabilizing the ruble which will be good news for Russian stocks.

  • The rouble was also supported by a firming oil price, with Brent crude gaining to $78.8 per barrel as markets weighed the possibility of OPEC cutting production at a key meeting on Nov. 27. "If OPEC takes a decision to reduce volumes this will have a notable impact on the rouble, but for the time being it will probably trade sideways," Grand Capital analyst Sergei...

  • *Western insurers fear further sanctions on Russia. LONDON/ MOSCOW, Nov 20- Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out, worried that any business they undertake is at risk from future measures and an increasingly sick economy. Existing sanctions, along with an oil...

  • Russia has little to offer in oil price war Thursday, 20 Nov 2014 | 6:53 AM ET

    *Russia needs oil price of $100 to balance budget. MOSCOW, Nov 20- Russia can do little to shore up slumping global prices even if OPEC wants it to. Before next week's meeting of OPEC, Russia has already spoken to group member Venezuela about the need to "coordinate actions in defence" of oil prices and it plans to send a high-ranking delegation to press the message.

  • Ukraine crisis: No clear solution yet   Thursday, 20 Nov 2014 | 5:30 AM ET
    Ukraine crisis: No clear solution yet

    CNBC's Hadley Gamble talks about how severe the conflict between Russia and Ukraine is becoming with around 13 people a day are dying.

  • MOSCOW, Nov 20- The rouble opened stronger against both the dollar and the euro on Thursday, supported by end-of-month taxes that raise demand for the Russian currency, as volatility eased. "Persistent excessive volatility was likely one of the main factors behind the deterioration of forex spot liquidity," VTB Capital analysts said in a note.

  • SPECIAL REPORT-Crimean savers ask: Where's our money? Thursday, 20 Nov 2014 | 1:30 AM ET

    Ten months after Russia invaded this Black Sea peninsula and seized it from Ukraine, the financial fallout is still being felt. Lawyers for the banks are preparing legal actions against Russia, which confiscated many of the banks' buildings, equipment and cash. The banking and phone chaos are another front in the conflict between Ukraine and Russia.

  • MOSCOW, Nov 19- President Vladimir Putin hailed Hungary as one of Russia's most important partners on Wednesday, giving his seal of approval to a budding relationship with a Soviet-era ally that is worrying some of its European Union allies. While the Ukraine crisis is straining ties between many EU capitals and Moscow, Hungary- which relies heavily on Russia...

  • *Uralkali suspends work at mine after water flows in. *Uralkali is key market player, part-owned by Putin ally. MOSCOW/ YEKATERINBURG, Russia, Nov 19- Shares in Russia's Uralkali, the world's top potash producer, fell sharply for a second day on Wednesday after a mine accident that could reduce global supplies and push up prices of the crop nutrient worldwide.

  • Putin, who has fiercely criticised Washington over the crisis in Ukraine that has strained U.S.-Russian relations, spelled out his basic terms for better ties after receiving the credentials of the new U.S. ambassador to Russia, John Tefft. The United States and the European Union have imposed sanctions on Russia over its policies in Ukraine, where...