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  • German Chancellor Angela Merkel (L) is greeted by French President Francois Hollande (R) at the Elysee Palace in Paris, France, October 27, 2015.

    France's Francois Hollande says world powers must work together to prevent a further worsening of relations between Russia and NATO member Turkey.

  • Federica Mogherini

    The office of EU foreign policy chief Federica Mogherini said that Russia agreed to try for a diplomatic solution in Syria.

  • KLAIPEDA, Lithuania— Andrius Petraitis watches the flickering blue flame on his cooker and sighs with relief. Since last year, a floating gas terminal called Independence has protected thousands of Lithuanians from the risk of sudden cutoffs in gas supplies from Russia, a regional heavyweight that has long used its near monopoly on energy in Eastern Europe as...

  • Downed Russian pilot: I received no warning from Turkey

    CNBC's Hadley Gamble reports on conflicting stories and rising tensions in the Middle East after a Russian military plane was shot down by Turkey.

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Volatility in the oil markets continue, with prices set to plunge over the holidays, says John Kilduff. Here's why crude could fall to $30 a barrel.

  • A man walks past a board showing currency exchange rates in Moscow, July 28, 2015.

    After a slide in Russian stocks, traders say this is a big chance to buy in.

  • *Ukraine says to stop buying Russian gas. KIEV/ MOSCOW, Nov 25- A clash over natural gas pricing between Russia and Ukraine escalated on Wednesday with Russian exporter Gazprom announcing it would halt deliveries and Kiev saying it could find cheaper supply from Europe. Moscow and Kiev have clashed over gas pricing repeatedly in recent years and Russia's...

  • Speaking before a meeting with Jordan's King Abdullah, Russian President Vladimir Putin called Turkey's downing of a Russian fighter jet "a stab in the back" carried out by the accomplices of terrorists, saying the incident would have serious consequences for Moscow's relations with Ankara.

    The foreign ministers of Russia and Turkey decide to meet in the coming days to discuss the situation on Turkey's border with Syria.

  • Russian pilot 'alive and well': Report

    NBC's Joe Fryer reports the latest details on the rising tensions between Russia and Turkey after a Russian military jet was shot down on the Syrian border.

  • MOSCOW, Nov 25- Russia's government is discussing financial aid to ailing state bank VEB worth around $20 billion over the next few years, but the bank's model must be changed, Finance Minister Anton Siluanov said. VEB or Vnesheconombank, a state corporation meant to support economic development and manage state debts, has been struggling since the West imposed...

  • Putin painted into a corner: Expert

    What are Vladimir Putin's biggest risks? Col. Jack Jacobs, Medal of Honor Recipient and MSNBC military analyst, talks about Russian retaliation against Turkey amid rising tensions in the Middle East.

  • Tensions escalates between Turkey and Russia

    CNBC's Hadley Gamble reports tensions are running high in the Middle East and Vladimir Putin is making new comments about the Russian military plane shot down by Turkey.

  • Law and Justice, the conservative party that took power last week, is led by Jaroslaw Kaczynski, the twin brother of the president who died in the plane crash near Smolensk, Russia. The disaster was the worst tragedy to strike Poland since World War II and carried a huge emotional charge for having occurred in Russia, a historic foe. Kaczynski and his allies have...

  • LONDON, Nov 25- Turkish shares hit six-week lows on Wednesday and the lira extended losses on fears that rising tensions with Russia could hurt the already shaky economy. MSCI's emerging equity index was flat though Chinese shares closed higher as the dollar reversed earlier losses to inch back towards a recent eight-month high against a basket of currencies.

  • Will Turkish/Russian tensions escalate?

    Mehmet Ali Tugtan, assistant professor of international relations at Istanbul Bilgi University, speaks to Hadley Gamble about the Russian military jet which was shot down by Turkey and how this could negatively affect Turkey's economy if Russia retaliates.

  • Tensions rise in the Middle East

    Christopher Granville, managing director of Trusted Sources, says Turkey is hostile to a peace process in Syria.

  • MOSCOW— Tensions between Russia and Ukraine escalated Wednesday as Ukraine decided to stop buying Russian natural gas— hoping to rely on supplies from other countries— and closed its airspace to its eastern neighbor. Russia's annexation of Crimea from Ukraine in March 2014 and its support for separatist rebels in the east has brought relations between the...

  • *Gulf delegates say OPEC won't cut supply without non- OPEC. *OPEC hawks Iran, Algeria, Venezuela push for supply cuts. "Unless non- OPEC say they are willing to help, I think there will be no change," said a delegate from a major OPEC producer.

  • Russia-Turkey tensions on the rise

    Hadley Gamble, CNBC correspondent, reports on the growing tension between Russia and Turkey after a Russian military jet was shot down by Turkey.

  • How will Russia respond to Turkey?

    Alastair Newton, political analyst for Alavan business advisory, comments on what could happen to Turkey's economy and oil prices following Turkey's decision to shoot down a Russian fighter jet.