Russia's Finance Minister Anton Siluanov ruled out any economic stimulus measures and emphasized Russia's close ties with Ukraine.
A key ally of President Vladimir Putin said Russia should remain in international institutions like the WTO, despite the recent furor over Ukraine.
Ukraine may be close to a thousand miles away from St Petersburg, but it is never far from conversations among the elite gathered there.
Investors should be prepared for "crisis" when investing in Russia, the co-CEO of French billboard advertising agency JCDecaux told CNBC.
Intel was present at the St Petersburg International Economic Forum, Russia's top business summit, despite pressure from the U.S. to veto the event.
Sanctions against Russian business are not hurting yet and only serve to "amplify tensions", says the head of Russia's biggest steelmaker.
Some smaller Russian businesses have the potential to generate 'double-digit' returns, Dubai based private equity firm the Abraaj Group believes.
Embattled Ukraine lacks “the power or the possibility” to stand up to Russia at present, Ukraine’s former prime minister told CNBC.
As the Russian elite gathers for the St Petersburg Economic Forum, they will be all too aware the future looks less certain than it has for years.
If e-commerce giant Amazon thought it had tough competition from China's Alibaba then it might want to consider a new Russian dark horse in the shape of Ulmart.
Nearly 150 individuals and companies have been targeted for sanctions related to Russia's actions in Ukraine. Click ahead for some of the most high-profile individuals hit by the measures.
Russia's state-controlled Gazprom has signed a long-awaited megadeal to supply gas to China, which could ease the impact of Western sanctions.
Russia's Gazprom said on Wednesday it saw only an "insignificant" risk of interruption to gas transit to Europe during spring and summer this year.
When Russia seized Crimea in March, it also acquired the rights to trillion-dollar resources, the New York Times reports.
For super-wealthy Russians, education at one of Britain’s top traditional boarding schools has become as desirable as a pad in Mayfair.
Ukraine has had its $17 billion IMF bailout signed off, but lenders are already warning of threats to its funding.
The latest sanctions mark an intensification of the U.S.'s attempts to wound Russia economically over perceived intervention in Ukraine.