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  • Relations between Russia, one of the world's largest wheat exporters, and Turkey, the largest buyer of Russian wheat, have quickly deteriorated after Turkey shot down a Russian air force jet during an operation in Syria earlier this week. Russia, which supplies wheat to Turkey mostly by the Azov Sea, exported 1.4 million tonnes of wheat to Turkey in July-October,...

  • MOSCOW, Nov 26- Russia's President Vladimir Putin said on Thursday that from Moscow's point of view, Turkey is deliberately trying to bring relations between Moscow and Ankara to a standstill. "It seems that the Turkish leadership is deliberately driving relations into a dead end," Putin said at the Kremlin ambassador credentials ceremony.

  • LONDON, Nov 26- Turkish assets remained under pressure on Thursday as a dispute with Russia over its downed jet rumbled on, but other emerging equities edged up, snapping a three-day losing streak. Russia has said it will keep flying missions near Turkish airspace and has already begun targeting Turkey's economy by strengthening control over its food and...

  • Russia strikes back at Turkey with economic sanctions Thursday, 26 Nov 2015 | 5:10 AM ET

    MOSCOW— Russia plans to retaliate against Turkey for the downing of a warplane by imposing sanctions, cutting economic ties and scrapping major investment projects. Since the plane was shot down Tuesday in disputed circumstances on the Syria- Turkey border, Russia has already restricted tourism, left Turkish trucks stranded at the border and announced the...

  • Will Russia ban Turkish imports? Thursday, 26 Nov 2015 | 5:00 AM ET
    Will Russia ban Turkish imports?

    CNBC anchor Geoff Cutmore reports from Russia that the Kremlin has no plans to impose food sanctions on Turkey.

  • Challenges for President Putin Thursday, 26 Nov 2015 | 4:05 AM ET
    Challenges for President Putin

    Vadim Nikitin, senior associate at Stroz Friedberg, talks about how Russian president Vladimir Putin is dealing with the situation in Syria and the escalating tensions with Turkey.

  • Russian helicopter crashes in Siberia, killing 10 Thursday, 26 Nov 2015 | 3:13 AM ET

    MOSCOW— A Russian helicopter carrying oil workers has crashed in eastern Siberia, and officials say 10 of the 25 people on board were killed. Russian news agencies say the Mi-8 helicopter took off from Igarka in the Krasnoyarsk region and crashed 2 kilometers away along the banks of the Yenisei River. It was transporting workers to the remote Vankor oil and gas...

  • Hollande could use this leveraging ace on Russia Thursday, 26 Nov 2015 | 12:16 AM ET
    Hollande could use this leveraging ace on Russia

    Russia may trade an end of EU sanctions with cooperation on Syria, says Tina Burrett, assistant professor of political science at Sophia University.

  • Russia: Jet downing won't stop us flying near Turkey Wednesday, 25 Nov 2015 | 8:48 PM ET

    Russia sent an advanced missile system to Syria to protect its jets and pledged its air force would keep flying missions near Turkish air space.

  • 'Turkey has scuttled all of France's plans' Wednesday, 25 Nov 2015 | 7:33 PM ET
    'Turkey has scuttled all of France's plans'

    France was hoping to build a broad coalition against ISIS, but talks have been complicated by the Russia-Turkey jet incident that's forced countries to take sides, says Lauren Goodrich, senior Eurasia analyst at Stratfor.

  • Russia-Turkey jet incident 'not likely to escalate' Wednesday, 25 Nov 2015 | 5:50 PM ET
    Russia-Turkey jet incident 'not likely to escalate'

    Brian Jenkins, senior adviser at RAND, says the countries will not go to war over Turkey's downing of a Russian jet, but there will be repercussions.

  • 2015 is hottest year on record...until next year Wednesday, 25 Nov 2015 | 3:06 PM ET
    Children cool off as they play under a fountain July 21, 2015 in Madrid, Spain.

    The World Meteorological Organization said that inaction on climate change could see global average temperatures rise in 2016.

  • Hollande urges de-escalation of Russia-Turkey tensions Wednesday, 25 Nov 2015 | 2:10 PM ET
    German Chancellor Angela Merkel (L) is greeted by French President Francois Hollande (R) at the Elysee Palace in Paris, France, October 27, 2015.

    France's Francois Hollande says world powers must work together to prevent a further worsening of relations between Russia and NATO member Turkey.

  • Moscow agrees to keep up diplomacy on Syria Wednesday, 25 Nov 2015 | 1:29 PM ET
    Federica Mogherini

    The office of EU foreign policy chief Federica Mogherini said that Russia agreed to try for a diplomatic solution in Syria.

  • Lithuania leads way in reducing Russia's clout in energy Wednesday, 25 Nov 2015 | 11:36 AM ET

    KLAIPEDA, Lithuania— Andrius Petraitis watches the flickering blue flame on his cooker and sighs with relief. Since last year, a floating gas terminal called Independence has protected thousands of Lithuanians from the risk of sudden cutoffs in gas supplies from Russia, a regional heavyweight that has long used its near monopoly on energy in Eastern Europe as...

  • Downed Russian pilot: I received no warning from Turkey Wednesday, 25 Nov 2015 | 10:31 AM ET
    Downed Russian pilot: I received no warning from Turkey

    CNBC's Hadley Gamble reports on conflicting stories and rising tensions in the Middle East after a Russian military plane was shot down by Turkey.

  • Oil prices have moved into 'super contango' Wednesday, 25 Nov 2015 | 10:22 AM ET
    A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Volatility in the oil markets continue, with prices set to plunge over the holidays, says John Kilduff. Here's why crude could fall to $30 a barrel.

  • Russia selloff looks like buying opportunity: Traders Wednesday, 25 Nov 2015 | 9:16 AM ET
    A man walks past a board showing currency exchange rates in Moscow, July 28, 2015.

    After a slide in Russian stocks, traders say this is a big chance to buy in.

  • *Ukraine says to stop buying Russian gas. KIEV/ MOSCOW, Nov 25- A clash over natural gas pricing between Russia and Ukraine escalated on Wednesday with Russian exporter Gazprom announcing it would halt deliveries and Kiev saying it could find cheaper supply from Europe. Moscow and Kiev have clashed over gas pricing repeatedly in recent years and Russia's...

  • Russian and Turkish ministers to meet over downed jet Wednesday, 25 Nov 2015 | 7:11 AM ET
    Speaking before a meeting with Jordan's King Abdullah, Russian President Vladimir Putin called Turkey's downing of a Russian fighter jet "a stab in the back" carried out by the accomplices of terrorists, saying the incident would have serious consequences for Moscow's relations with Ankara.

    The foreign ministers of Russia and Turkey decide to meet in the coming days to discuss the situation on Turkey's border with Syria.