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  • *Ukraine wants binding protocol until at least March next year. BRUSSELS, July 1- The biggest obstacle to a gas supply deal between Moscow and Kiev is not the price, but Russia's refusal to sign a legally binding agreement, the head of Ukraine's state gas firm Naftogaz said in an interview on Wednesday. Naftogaz Chief Executive Andriy Kobolev was speaking in...

  • HAVANA/ WASHINGTON, July 1- The United States and Cuba on Wednesday formally agreed to restore diplomatic ties that had been severed for 54 years, fulfilling a pledge made six months ago by the former Cold War enemies. "Cuba is encouraged by the reciprocal intention to develop respectful and cooperative relations between our two peoples and governments," Raul...

  • MOSCOW, July 1- Russian state lender Sberbank intends to begin bankruptcy proceedings against three subsidiaries of indebted miner Mechel, a bank official said on Wednesday. After months of discussions with lenders and government officials to restructure its $6.6 billion net debt, Mechel has reached agreements with all of its creditors except Sberbank,...

  • KIEV/ MOSCOW, July 1- Ukraine halted natural gas imports from Russia on Wednesday after a failure to agree on a price for the third quarter, state transport monopoly Ukrtransgaz said, in talks loaded with the political tension between the two. Russian gas flows to Europe via Ukraine were unaffected,. "From today, Ukraine is not getting gas from Russia.

  • UPDATE 1-China parliament ratifies BRICS Bank agreement Wednesday, 1 Jul 2015 | 4:25 AM ET

    The New Development Bank, also known as the BRICS Bank, is one of two international development banks that China is promoting as an alternative to western institutions such as the World Bank. The Standing Committee of the National People's Congress, China's legislature, approved the agreement between Brazil, Russia, India, China and South Africa to create the...

  • KIEV, July 1- Ukraine halted natural gas imports from Russia on Wednesday after energy officials from the two countries failed to agree on quarterly prices, state transport monopoly Ukrtransgaz said. "From today, Ukraine is not getting gas from Russia. Talks in Vienna between Russia and Ukraine on gas supplies fell apart on Tuesday.

  • MOSCOW, June 30- Russia expressed disappointment on Tuesday over new sanctions imposed by Canada over Moscow's role in the Ukraine crisis and warned that it would respond. "The new sanctions will only add negativity to Russian-Canadian relations which are already not going through their best times because of Ottawa," Foreign Ministry spokesman Alexander...

  • Cramer: Danger alert—don't buy on the market dip Monday, 29 Jun 2015 | 6:10 PM ET
    A Greek flag during a rally in Athens.

    Jim Cramer knows the dip on Monday was bad. But he sees a bigger dip coming, and that will be the time to buy.

  • Russian billionaire builds largest sailing yacht Monday, 29 Jun 2015 | 2:42 PM ET
    The "White Pearl" megayacht is expected to launch in July 2016.

    Russian billionaire Andrey Melnichenko is building what is believed to be the largest sailing yacht ever built, at a length of more than 480 feet.

  • LONDON, June 26- Bond sales from emerging markets in the first half of 2015 are running more than a fifth below year-ago levels due to the continued slump in issuance from Russia, Brazil and oil producers across the developing world. Governments and companies from the developing world had sold hard currency bonds worth $195 billion as of June 19, Thomson Reuters...

  • Russian MP calls for soda ban Friday, 26 Jun 2015 | 9:00 AM ET
    Russian MP calls for soda ban

    Russia is considering a ban on Coke and Pepsi.

  • White House: Putin calls Obama to talk ISIS, Iran Friday, 26 Jun 2015 | 7:51 AM ET
    Russian President Vladimir Putin faces the press during a meeting with Kyrgyz President Almazbek Atambayev (unseen) in the Konstantin Palace in Strelna, Saint Petersburg.

    Russian President Putin called President Obama to discuss tensions in eastern Ukraine and the fight against the Islamic State in the Middle East.

  • Russia economy still on the downhill slope: Pro Friday, 26 Jun 2015 | 12:33 AM ET
    Russia economy still on the downhill slope: Pro

    As the consumer and construction sectors continue to weigh on Russia, its economy could shrink 5 percent this quarter, says Chris Weafer, senior partner at Macro Advisory.

  • Is the worst over for Russia's economy? Thursday, 25 Jun 2015 | 11:46 PM ET
    Is the worst over for Russia's economy?

    Marcus Svedberg, chief economist at East Capital, expects Russia's gross domestic product to hit rock bottom in the April-June period, but says the economy will likely recover in the third quarter.

  • BRUSSELS, June 26- European Union leaders meeting in Brussels have a daunting list of long-running crises on their plates-- notably migrants crowding in at their southern borders, Russia growling in the east, Britain's threat to quit and a desperate need to create jobs. One quipped it was no longer Britain for dinner but " Greece for dinner." Plunged into crisis by the...

  • From menu of crises, Greece risks eating Europe's dinner Thursday, 25 Jun 2015 | 12:15 PM ET

    *Euro zone showdown with Greece could eat up time at summit. BRUSSELS, June 25- European Union leaders faced a daunting list of crises as they began their summit on Thursday, notably migrants crowding in at their southern borders, Russia growling in the east, Britain's threat to quit and a desperate need to create jobs. But a battle of wills between Greece and its...

  • MOSCOW, June 25- Russian Prime Minister Dmitry Medvedev said on Thursday a list of banned products from Western countries could be changed according to the state of relations with the European Union and other countries. Medvedev told a government meeting he had approved an order by President Vladimir Putin to extend a ban on food imports from the West by one...

  • SINGAPORE, June 24- Refiners on the U.S. West Coast and Hawaii have stepped up purchases of Russian crude, taking advantage of a narrow gap between U.S. and global prices to guard against a seasonal shortage of Alaskan supply, trade and industry sources said. Up to four tankers were expected to carry nearly 3 million barrels of Russia's ESPO crude from Kozmino near...

  • *Nigeria overtook Saudi Arabia as India's top oil supplier last month, the first time Saudi Arabia has lost the crown in more than four years, Reuters ship tracking data showed. *Russia is considering more import curbs on Western goods, including confectionery, canned fish products and flowers, after the European Union extended sanctions against Moscow over the...

  • MOSCOW, June 24- Russia is considering more import curbs on Western goods, including confectionery, canned fish products and flowers, a minister said on Wednesday, part of Moscow's response to EU sanctions over Ukraine. The ban, which prohibits food imports worth $9 billion from the United States, European Union, Australia, Canada and Norway, was imposed for a year...