Russian Finance Minister Anton Siluanov said on Thursday he was confident a "reasonable solution" would be found for Visa and Mastercard.
Alexei Kudrin, Russia's former finance minister, says the country should remain in major international bodies such as the World Bank, despite being suspended from the G-8 in March.
Charles Robertson, global chief economist at Renaissance Capital, says Russia is ready to "move on" from the Ukraine crisis and focus on bringing investment to the country.
A key ally of President Vladimir Putin said Russia should remain in international institutions like the WTO, despite the recent furor over Ukraine.
The "Squawk on the Street" news team discusses China PMI data and the need for stabilization in the country. Cramer also explains the "breakthrough" $400 billion natural gas deal between Russia and China.
Intel was present at the St Petersburg International Economic Forum, Russia's top business summit, despite pressure from the U.S. to veto the event.
CNBC's Geoff Cutmore has an update from the Russian Economic Forum, as many notable business leaders decide to stay home amid unrest in Ukraine.
Embattled Ukraine lacks “the power or the possibility” to stand up to Russia at present, Ukraine’s former prime minister told CNBC.
Alexey Mordashov, CEO of Severstal, discusses the structural issues in the metal sector and says the group has no plan to pull out of the U.S..
Kirill Dmitriev, CEO of RDIF, discusses the Sino-Russian deals signed recently and how Russia is increasingly looking east for investments and says many investments can be made around the Gazprom deal.
Bob Parker, senior advisor for investment, strategy and research at Credit Suisse, says that the Russian market recovery from its crisis-induced low indicates investors believe a de-escalation is underway.
Mustafa Abdel-Wadood, partner at The Abraaj Group, says opportunities in Russia include natural resources and infrastructure but mainly mid-market businesses as the middle class continues to grow.
Bernard Sucher, board member at Aton, says Russia has a lot to be proud of but that its current path to carve its way out of further global integration is bad for business.
Dmitry Kostygin, chaiman of Ulmart, describes the group's operations as the "next generation" of internet retailing and says Amazon will probably switch to Ulmart's model in the next couple years.
Klaus Kleinfeld, CEO of Alcoa, says the group's facilities in Russia are operating normally and explains that he's not at SPIEF because the political dimension of the crisis "trumps other interests."
The Obama Administration's new sanctions on 12 Russians have to do with human rights abuses, including the imprisonment and death of Russian lawyer Sergei Magnitsky. William Browder, Hermitage Capital Management CEO, provides insight into his fight for his former lawyer Magnitsky and his family.
Alexei Kokin, oil and gas senior analyst at UralSib Capital, and Daragh McDowell, senior analyst at Maplecroft, discuss the significance of the gas deal between China and Russia's Gazprom
Embattled Ukraine should be open to working with Russia as well as Europe and the U.S., according to a Ukrainian presidential candidate.
Michael Kelly, global head of asset allocation at Pine Bridge Investments, comments on the negotiations over a China-Russia gas deal, and says China seems to be growing more cautious about price.
Geoff Raby, Chairman & CEO at Geoff Raby & Associates and former Australian Ambassador to China, discusses the highlights of the Russian President's visit to the mainland.