Russia's fight with the West continued when Rosselkhoznadzor destroyed 1.6 metric tons of German food intended for BMW's motor racing team.» Read More
Natalia Orlova, chief economist at Alfa Bank tells CNBC's Steve Sedgwick that Russian companies and banks were using Cyprus as a transit economy and that the Depositor Tax would damage the way they were doing business.
Pete Westin, chief equity strategist at Aton Aton tells CNBC's Steve Sedgwick that so many Russian companies have operations in Cyprus for tax reasons and an end to the agreement between Cyprus and Russia could have big implications for these companies.
Joseph Cheng, Professor, Contemporary China Research Project at the City University of Hong Kong discusses the common interests that link China and Russia, and what he thinks will be the outcome of their intended gas deal.
China's new leader Xi Jinping arrives in Russia on Friday for his first overseas trip, with an elusive gas deal expected to be high on the agenda.
Turkey could challenge any move by Cyprus to speed up offshore natural gas exploration as a way of attracting investment to save its economy, Turkish officials said.
For Cyprus—and for Europe—the clock is ticking, with the prospect of the eastern Mediterranean island exiting the euro zone or defaulting on its debt looming ever larger. Click ahead to see how the crisis has unfolded.
Ana Armstrong, CEO of Armstrong Investment Managers LLP and David Kelly, chief global strategist at JP Morgan Funds, tell CNBC why the markets are steady despite the crisis surrounding Cyprus.
CNBC's Michelle Caruso-Cabrera reports the ECB has upped the stakes for emergency funding. Ongoing talks are taking place between Cypriot and Russian finance ministers.
William Browder, Hermitage Capital Management CEO, provides his perspective on what's at stake if Cyprus turns to Russia for bailout help.
CNBC's Michelle Caruso-Cabrera reports Cyprus is desperately searching for a Plan B, as the struggling country must find billions of euros to secure a European Union bailout. Adam Lerrick, American Enterprise Institute, weighs in.
Russian prime minister Dmitry Medvedev has lambasted the EU's handling of the Cyprus debt crisis, comparing a plan for a levy on bank deposits to measures that hurt savers under the Soviet Union, the Financial Times reports.
Banks in Cyprus will be closed until at least Tuesday, reports CNBC's Michelle Caruso-Cabrera; and Cyprus International Institute of Management Association George Theocharides, weighs in.
The Cypriot finance minister is in Russia today to sort out the economic woes. CNBC's Steve Sedgwick has the details.
The EU says Cyprus must put forth an alternative rescue plan, reports CNBC's Michelle Caruso-Cabrera. Meanwhile, CNBC's Steve Sedgwick reports on the enormous business activities in Cyprus, and what they want out of the bailout.
CNBC's Rick Santelli talks to Yra Harris, Praxis Trading, about the EU's "bonehead" stance on Cyprus, and why he's keeping an eye on the Fed's forecast and Jeremy Stein's vote.
The Cypriot government is working on a proposal to avoid bankruptcy, reports CNBC's Michelle Caruso-Cabrera. Meanwhile, the country's finance minister is in Russia to discuss a loan extension. CNBC's Steve Sedgwick has that story.
CNBC's Michelle Caruso-Cabrera reports Cypriot leaders are in crisis talks in hopes of averting a financial meltdown. And, there is mounting speculation Russia could step in with a rescue plan, reports CNBC's Steve Sedgwick.
CNBC's Steve Sedgwick reports the latest details on the Cypriot finance minister's trip to Russia. And, CNBC's Steve Liesman and Athanasios Orphanides, former Cyprus Central Bank governor, discuss the decision of the Cypriot Parliament to reject a tax on bank deposits and take a look at key parts of the European Union's bailout terms.
Constance Hunter, International Solutions Network Consulting; and David Kelly, JPMorgan Funds, discuss the debt crisis in Cyprus and possible solutions to the nation's banking problems.
CNBC's Steve Sedgwick reports the Cypriot finance minister is in Moscow to work out a possible rescue plan to safeguard high levels of Russian deposits in Cypriot banks. And, CNBC's Michelle Caruso-Cabrera has the latest details from Cyprus, where the country's leaders are holding crisis talks in an attempt to avert a financial meltdown.