Russia doesn't have a magic wand to create growth but a multi-billion dollar investment program could help revive economic growth, Russian President Vladimir Putin said on Friday.» Read More
The chief executive of Russian bank Sberbank told CNBC that Russian President Vladimir Putin's promise to invest in Russia's growth and infrastructure was reassuring and timely.
Alexei Kudrin is widely tipped to be Russia's next prime minister. The only trouble is, he might not want the job.
As Russia's stock market tanks to a 12-month low, business leaders are divided on why the market sold off.
Investors need to calm down and act rationally, Oleg Deripaska, the CEO of the world's largest aluminum company Rusal, said on Thursday.
Talk of a suspension of bailout money to struggling euro zone country Greece is "premature", according to a senior International Monetary Fund (IMF) official.
Manchester United striker Wayne Rooney could be the ideal signing for Arsenal, according to Russian billionaire Alisher Usmanov, the Premier League soccer club's second-biggest shareholder.
Despite market turmoil over the Federal Reserve's indication that it could start tapering its bond buying program, billionaire investor Alisher Usmanov told CNBC that it would play a "positive" role for markets.
Cisco holds nearly $50 billion in profits offshore, but CEO John Chambers said the company is unlikely to repatriate the money to the U.S.
Business leaders at the Saint Petersburg International Economic Forum (SPIEF) told CNBC that they want to see Russia reform and re-engage with the outer world, politically and economically.
Francisco J. Sanchez, U.S. under secretary of Commerce for International Trade, talks about U.S. existing trade agreements facilitating exports of LNG and how the U.S./EU could have "the biggest trade agreement ever".
The prime real estate market in Russia's capital offers great returns - for those willing to take the risks, analysts say.
Russia is steeply ramping up oil deliveries to China, with Asia now importing almost a fifth of oil exports from the world's largest crude producer.
Once infamous as a place of exile and no-return during the Tsarist and then Stalinist eras, Siberia is being touted as a beacon of light by the Russian government as it looks east, rather than west, for growth potential.
Russia is set for 10 years of anemic growth, according to economists, who said the slowdown is predominantly due to low investment and structural factors.
The BRIC economies, which have driven much of the global growth over the past decade, could be entering a middle-income trap, a shift which could have far reaching implications for the world.
Despite efforts by the Russian government to tackle corruption, concerns are mounting that a failure to stamp out the practice will continue to damage the country's international reputation and, ultimately, its economy.
As Russia's economic growth slows, analysts and business leaders have warned of deep and wide-reaching political consequences if the situation deteriorates further.
Bill Browder, chief executive and founder of Hermitage Capital Markets, told CNBC the Russian government is "apoplectic" over sanctions that he has campaigned for and if he gets assassinated, "everyone would know who did it."
Helge Lund, CEO of Statoil, tells CNBC that US shale has been a revolution but people have underestimated the decline in existing oil fields around the world.
Andrey Kostin, CEO of VTB, tells CNBC that the bank wants to be more resilient and protected from any of the worst fluctuations of the market.