The Sochi Winter Olympics will be the most expensive in history, but every penny is worth it, says YPO member Christopher Van Riet.
Investors bet Hungary and Russia will be the next emerging economies forced to defend their currencies after India, Turkey and South Africa.
Joseph Dayan, U.K. managing director at BCS Financial Group, said the Russians saw a 4 percent budget overrun for the games.
Russia's economy is growing too slowly, the country's deputy minister of economic development admitted to CNBC on Friday.
The U.S. and Russia need to better understand each other because Vladimir Putin is becoming "more aggressive abroad," George Soros says.
Billionaire investor and philanthropist George Soros told CNBC in an interview that aired on Friday that Russian President Vladimir Putin is acting out from a point of weakness.
Sergey Belyakov, Russia's deputy minister for economic development, says that the slow Russian growth is a "big challenge" and the country has "no choice" but to improve the business environment.
CNBC's Sue Herera reports protesters lit fires throughout Kiev in Ukraine Thursday morning.
Aluminium producers must limit supply to the market, if they want to recover from the financial crisis, Oleg Deripaska told CNBC.
Oleg Deripaska, CEO at Rusal, explains that the aluminium sector needs supply-side "discipline" to recover.
Farhad Moshiri, chairman at USM, says that lack of communication is keeping investors away from Russia.
Irakli Gharibashvili, Georgia's prime minister, tells CNBC that the country is less dependent on Russia than Ukraine and is committed to deeper European integration.
CNBC's Mandy Drury reports three protesters were killed in clashes in Ukraine overnight.
Herman Gref, CEO at Sberbank, says there are a lot of concerns about the slowdown of the Russian economy but the country is a "gift to foreign investors."
Alexei Ulyukayev, Russia's minister of economic development, expects growth to reach 2.5 percent in 2014 due to higher exports and increased investments.
William Browder, CEO of Hermitage Capital Management, provides perspective on the Magnitsky Act and corruption in Russia ahead of the Olympic Games in Sochi. These guys are up to no good, says Browder, Putin can't control anything out there.
Andrey Kostin, president and chairman of the management board at VTB Group,discusses Ukraine and says that Russia is as attached to it as the U.K. is to Scotland.
Andrey Kostin, president and chairman of the management board at VTB Group, explains that Russia is "moving in the right direction", just not as fast as most would like.
Kirill Dmitriev, CEO of Russian Direct Investment Fund (RDIF), says Russian companies need to improve their efficiency and require more investment.
Kasper Rorsted, CEO of Henkel, says the company is bullish on Russia as it presents "long-term business opportunities".