Car sales are set to rise again this year, albeit at a slower pace, continuing a five-year recovery, boosted by Chinese and U.S. demand, IHS forecasts.
Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop.
Russian Finance Minister Anton Siluanov told CNBC that Russia would consider giving financial help to debt-ridden Greece.
The bank cut its key rate by two points as the Russian economy slips towards recession due to low oil prices and Western sanctions, reports CNBC's Geoff Cutmore.
The Russian central bank has cut its key rate to 15 percent. CNBC's Geoff Cutmore says this might encourage Russia's public to see that the Russian economy can improve in the future.
Ahead of the Russian Central Bank's rate decision, Simon Quijano-Evans, head of EM research at Commerzbank, says there should be more focus on peace in Eastern Ukraine.
If the Russian Central Bank does cut its key rates, city economists will have "eggs spread liberally all over their faces" says CNBC's Geoff Cutmore, who explains more.
Andrey Kostin, CEO of VTB, says the Russian central bank needs to cut interest rates.
Russian finance minister Anton Siluanov says he would "consider" giving financial support to Greece if it asked.
Andrey Kostin, CEO of VTB, says European Union sanctions on Russia are a sign of "economic war" and the two sides should talk "like businessmen."
Russian finance minister Anton Siluanov says the European Union sanctions on the country are harmful but companies are adjusting.
Russian finance minister Anton Siluanov says he hopes the country's central bank will lower interest rates at its meeting today.
CNBC Explains: What makes the value of a currency rise or fall?
How comments by Russia's Finance Minister could impact the ruble's trade, with CNBC's Geoff Curmore.
Bill O'Neill, head of the UK investment office at UBS Wealth Management talks about Russia's sanctions and debated whether Greece is using the Russia sanctions as "leverage" in term of debt negotiations.
William Hague, leader of the House of Commons, says that he doesn't want the euro to fail, however the currency has some "very serious flaws."
William Hague, leader of the House of Commons, says that if Russia continues to exert its power like it's done with Ukraine, it will result in a "grave deterioration in relations" between itself and Europe.
Apostolos Bantis, credit analyst at Commerzbank, says S&P's downgrade of Russia does not have systemic risks for the country's bonds.
John Herbst, Director of the Eurasia Center at the Atlantic Council, says there has been a creeping seizure of Ukrainian territory since September's ceasefire.
CNBC's Eamon Javers reports details of arrests made in what looks to be a Russian spy ring.