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  • Belarusian leader says Russia will offer bailout Monday, 8 Feb 2016 | 11:03 AM ET

    MINSK, Belarus— The leader of Belarus says Russia has promised to offer financial assistance to his nation. Russia has provided Belarus with cheap natural gas and released $900 million in loans to Belarus last year. Russia and its western neighbor have developed close economic and military ties, but Lukashenko has bristled at Moscow's attempts to gobble up...

  • Russia's central bank revokes licenses of 2 banks Monday, 8 Feb 2016 | 2:41 AM ET

    MOSCOW— Russia's Central Bank effectively closed down two of the country's smaller banks Monday after it revoked their operating licenses, its latest effort to consolidate the sprawling banking sector. The closures are part of the Central Bank's strategy to consolidate the banking sector that is currently characterized by a large number of small banks,...

  • WASHINGTON, Feb 5- Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world's most notorious financial hacking operations, according to three sources with knowledge of the matter. Experts familiar with the situation said the case represents Russia's biggest...

  • Day of reckoning here for oil producers: Yergin Friday, 5 Feb 2016 | 5:36 PM ET
    A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016.

    Saudi Arabia, Russia and other countries that heavily rely on oil revenues are getting more desperate, oil expert Daniel Yergin tells CNBC.

  • *Chinese tourists spent up to $1 bln in Moscow in 2015. Shoppers from China accounted for 7 percent of the group's sales in 2015 and while the country's economy is slowing sharply, at least it is still growing unlike Russia's which is shrinking. Chinese visitors have become a more frequent sight in central Moscow, some carrying bright orange shopping bags from...

  • Russian staycations leave hotspots hard-hit Friday, 5 Feb 2016 | 9:23 AM ET
    Tourists swimming in the pool at the Kremlin Palace Hotel in Antalya, Turkey in front of an exact replica of the Moscow History Museum.

    A dramatic decline in Russian travel has left former vacation hotspots like Turkey and Egypt hard hit, but outbound may be about to recover.

  • LONDON, Feb 5- Ukraine's restructured Eurobonds extended losses on Friday as fears grew over the fate of the ruling coalition and its IMF bailout, though a reduction in U.S. rate rise bets continued to support other emerging assets. MSCI's emerging equity index rose 0.4 percent after shares in Hong Kong and Mumbai rose around half a percent.

  • AMSTERDAM— NATO's chief met Friday with European Union defense ministers to discuss boosting cooperation between the military alliance and the 28- nation bloc to tackle looming threats to the region. The EU and NATO are working to beef up their responses to threats such as Russia's increased military activity to the east and the Islamic State group's threat...

  • ISTANBUL, Feb 5- Standing amid a jumble of food stalls in an Istanbul market, 61- year-old Gulsen Yuce wonders how she can stretch an already tight budget to make ends meet as food prices rise week after week. Global food prices have fallen to their lowest in nearly seven years, but Turkey has consistently struggled with food costs overshooting headline inflation-...

  • The couple took out a U.S. dollar mortgage in 2007 after moving to Moscow from the southern Russian republic of Dagestan and blames the government for not helping as the rouble has fallen to record lows. "My son is a champion of Moscow at martial arts and we've had to stop his training sessions," Kirill told Reuters at a recent protest by foreign-currency mortgage...

  • These are early signs of capitulation for oil Thursday, 4 Feb 2016 | 1:07 PM ET
    A worker checks a valve at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia.

    Early signs of capitulation by oil producers could mean a bottom is getting closer.

  • Russia's 10-billion barrel game of oil bluffing Thursday, 4 Feb 2016 | 10:36 AM ET
    A worker at the Lukoil company-owned Imilorskoye oilfield in Kogalym, Russia, January 25, 2016

    Some experts think Russia is the key to resolving the oil glut with OPEC. CNBC's Dina Gusovsky reports on Russia as the oil 'wild card.'

  • *Property tax rises also cool demand for central London property. From Russian oligarchs and Middle Eastern oil barons to newly-minted Chinese entrepreneurs, foreign buyers have driven a spending spree on London property over the past two decades, snapping up everything from opulent homes to iconic commercial property. The scale of this wealth destruction...

  • The MSCI emerging market benchmark was lifted by stellar gains in Asia as well as an oil-fuelled rise in Russia as crude prices jumped above $35 a barrel, adding to a 7 percent rise on Wednesday. Dollar-denominated stocks in Moscow rose as much as 6 percent while bourses in South Africa, Turkey and Poland all firmed around 1.5 percent. In Asia, Chinese mainland...

  • KIEV, Feb 3- Ukrainian Economy Minister Aivaras Abromavicius quit on Wednesday saying his ministry was being hijacked by corrupt vested interests, dealing another blow to Western hopes that the country can reform itself. In his statement, Abromavicius singled out a close ally of President Petro Poroshenko, accusing him of blocking the ministry's work and...

  • Ukraine warns of potential war with Russia Wednesday, 3 Feb 2016 | 10:27 AM ET
    Ukraine warns of potential war with Russia

    Ukrainian President Petro Poroshenko says the risk of open war with Russia is now more serious than last year.

  • Ukraine warns of rising risk of war with Russia Wednesday, 3 Feb 2016 | 8:38 AM ET
    Ukraine's President Petro Poroshenko attends a ceremony at the training center of the Ukrainian National Guard outside Kiev.

    Hopes that Ukraine can get back on track were hit on Wednesday, when the country's president warned that the probability of war with Russia had risen and its economy minister resigned.

  • Ukrainian official resigns, says reform efforts blocked Wednesday, 3 Feb 2016 | 6:17 AM ET

    MOSCOW— Ukraine's government, already under strain from political infighting, a frozen conflict in the country's east and a sagging economy, fell under scrutiny again on Wednesday when its economy minister handed in his resignation, saying the leadership routinely blocked his reform efforts. Abromavicius, a Lithuanian native and former investment banker,...

  • KIEV, Feb 3- Ukrainian Economy Minister Aivaras Abromavicius tendered his resignation on Wednesday out of frustration that major government reforms were being blocked, the latest sign of fracturing in the coalition government. Ukraine's international backers, including the United States and the European Union, have also become increasingly impatient...

  • *Russia in dire need of cash as oil prices slide. MOSCOW, Feb 2- Russian oligarchs are the most likely potential buyers of the stakes in some of the country's largest companies that President Vladimir Putin wants to sell. The preliminary privatization plan, aimed at preventing the state budget deficit from ballooning, coincides with a second year of recession for...