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The Russian GambleThe Russian Gamble
See slideshowRussia's Reversal of Fortune - Russia is on the front lines of the global economic crisis.  With stocks in freefall, plunging oil prices and currency on the brink of collapse, Russia is fighting to save its superpower status and military might.

ABOUT THE SHOW

Moscow, a city of money and power, is now at the center of a perfect storm. Fueled by sky-high oil prices, the Russian economy once soared. Surging energy and metal prices made Moscow the billionaire capital of the world. Now, the resurgent superpower is struggling to survive. Will Russia remain rich? Can America afford a Russian collapse?

CNBC's Erin Burnett goes inside the crisis gripping the world’s largest country: profiling the nation’s super rich oligarchs, average Russians fighting for their very survival and the American companies now betting big on The Russian Gamble.

LATEST NEWS VIDEOS


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    • Bullish on China & Russia 

        Wong Sui Jau, GM at fundsupermart.com, is bullish on China and Russia. He reveals his picks and pans in these emerging markets, in this installment of "Protect Your Wealth."

    • Russia Looks to Tech Future 

        Telecoms and information technology are Russia's future, not energy and heavy industry, according to Russian President Dmitry Medvedev. Professor Alan Riley from City University has analysis.

    • Time to Leave Russia? 

        ABB joined a list of companies that are considering turning their backs on Russia Monday. CNBC spoke to Karine Hirn, the founder of East Capital, and asked whether there'll be any more companies withdrawing from Russia

    • Russia Exits Energy Charter Treaty 

        Russia's decision to terminate its international obligations under the Energy Charter Treaty comes into effect Monday. David Clark, chair of the Russia Foundation, told CNBC the decision is "not a surprise; it's been a long time coming."

    • Non-Performing Loans Still a Problem for Russia 

        Russia needs to take new steps to stimulate banks to give out more loans, Prime Minister Vladimir Putin said. "Non-performing loans were and still are the main problem for the Russian banking sector," Andrei Kostin, CEO of VTB Bank, said Monday.

    • Raided by the Russians 

        William Browder's firm was once the largest investor in Russia, but after the Russian government raided his business, its value is down to zero, with William Browder, Hermitage Capital Management CEO and CNBC's Maria Bartiromo.


SHOW TIMES

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SHOW HOST

Erin BurnettErin BurnettErin Burnett
CNBC's "Squawk on the Street" co-anchor and "Street Signs" anchor

Read Profile

THE FUTURE OF U.S. - RUSSIAN RELATIONS


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  • Take Our Poll!

      Will the financial crisis bring the U.S. and Russia closer or are we in for another cold war?


LATEST NEWS WIRES


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    • Russia Tops Pricewaterhouse Global Fraud Survey

        Russia has the world's most fraudulent economy and attempts to stamp out white-collar crime have done little to stop its spread during the global financial downturn, PricewaterhouseCoopers said in a survey.

    • Subway Eyes 1,000 Russian Outlets by 2015

        Subway, the world's No. 2 fast food restaurant chain by sales, plans to expand its Russian network to 1,000 outlets by 2015 from 78 now and make Russia its fourth-biggest European market next year.

    • Diamonds: The Next Big Bubble to Burst?

        A speculative bubble in rough diamond prices is likely to pop by mid-2010 and threaten a re-run of last year's industry crisis, according to an executive of the world's second-largest producer, Russia's Alrosa.


CONTACT US

Questions? Comments? Tell us what you think about the "The Russian Gamble."

russiangamble@cnbc.com 

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