Politics Vladimir Putin

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  • WEST SIBERIAN OIL FIELDS/ MOSCOW, Jan 28- Russia's oil industry has argued for years that it cannot cut output to support falling global prices for purely technical reasons; in reality it can- as long as it has the political will. Moscow has long ruled out an output cut coordinated with other producers, even during the collapse in crude prices since the middle of 2014.

  • *Iran output increase complicates outlook. ST PETERSBURG, Russia/ DUBAI, Jan 28- Russia said on Thursday that OPEC's largest producer Saudi Arabia, had proposed oil production cuts of up to 5 percent in what would be the first global deal in over a decade to help clear a glut of crude and prop up sinking prices. Russian Energy Minister Alexander Novak said Saudi...

  • MOSCOW— Russians who took out mortgages denominated in a foreign currency are protesting at their banks to demand that the loans be restructured. Groups of a few dozen mortgage holders held protests Thursday at several banks in Moscow and St. Petersburg. President Vladimir Putin's spokesman, Dmitry Peskov, said the Kremlin was following the situation, but...

  • MOSCOW, Jan 28- Russian ministries are asking the government to spend about $3.5 billion on anti-crisis measures, mostly to help industries hurt by a worsening economic slump, two senior officials said. On Wednesday, President Vladimir Putin met the central bank head and key government members to discuss Russia's downturn-- its worst since the 2008 global...

  • The meeting raised the possibility of rare joint action with OPEC, of which Russia is not a member, because of a global oil glut but Kremlin spokesman Dmitry Peskov has said there is "nothing to talk about in a tangible sense" for now. The final decision will lie with Putin but Sechin's input is likely to be crucial as Russia considers acting in tandem with OPEC for the...

  • *Russia refused cooperation with OPEC in past. MOSCOW, Jan 27- Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output cuts to bolster oil prices, the head of Russia's pipeline monopoly said on Wednesday, remarks that helped spur a sharp rise in world prices. Oil futures surged more than 5 percent after the comments by...

  • WASHINGTON, Jan 27- U.S. Senate Armed Services Committee Chairman John McCain on Wednesday said he planned to introduce legislation that would strike language included in a massive 2016 spending bill that eased a congressional ban on the use of Russian rocket engines. Congress banned use of the Russian RD-180 rocket engines for military use after Russia...

  • Tough Russian budget rhetoric masks laxer reality Wednesday, 27 Jan 2016 | 9:45 AM ET

    MOSCOW, Jan 27- A Russian plan to cut 10 percent from this year's budget is at best misleading. But large areas of the budget are excluded from the cuts and Russia has a poor record of meeting its own targets. Despite this, Russia is still squeezing expenditure as global prices of its main revenue earner, oil, remain well below levels needed to balance the budget.

  • LONDON, Jan 27- Emerging equities rose nearly 1 percent on Wednesday, tracking oil, late-session gains on Wall Street and a retreat in the dollar ahead of what could be a dovish signal from the U.S. Chinese mainland stocks closed half a percent lower but gains in Hong Kong helped to lift MSCI's broad emerging index higher. Russia's economy minister revealed a 3.8...

  • MOSCOW, Jan 27- President Vladimir Putin is to chair a government meeting on Wednesday over a 1.7 trillion rouble plan to protect the Russian economy from major economic crises, the RBC daily newspaper reported, citing government sources. It said at least 737 billion roubles were included in a contingency plan sent to Prime Minister Dmitry Medvedev.

  • MOSCOW, Jan 26- President Vladimir Putin said on Tuesday that Russia's "good reserves" and moderate level of state debt were creating favorable conditions for the economic situation in the country to be rectified this year.

  • Russian GDP fell 3.8 pct y/y in Q4 - economy minister Tuesday, 26 Jan 2016 | 9:04 AM ET

    MOSCOW, Jan 26- Russia's gross domestic product contracted by 3.8 percent in the fourth quarter of last year, in annual terms, Economy Minister Alexei Ulyukayev said at a meeting with President Vladimir Putin on Tuesday.

  • *Lukoil says Russia needs to work with OPEC. *OPEC sec-gen urges non- OPEC to help tackle excess supply. *OPEC evaluating whether to hold emergency meeting.

  • Russia invites Japan to fish around disputed islands Monday, 25 Jan 2016 | 7:21 AM ET

    *Russia says if Tokyo is not keen other investors will jump in. *Moscow also plans joint farming project with China in Far East. DAVOS, Switzerland, Jan 25- Russia is inviting foreign partners to help it develop fisheries around Pacific islands where Moscow and Tokyo have rival territorial claims and says it will give Tokyo priority; but if it doesn't jump at the...

  • MOSCOW, Jan 22- Russian President Vladimir Putin does not have any emergency meetings planned on the situation with the rouble currency or oil markets, Kremlin spokesman Dmitry Peskov told reporters on Friday.

  • With the rouble falling, how unstable could Russia become?

    Nina Khrushcheva, international affairs professor at The New School, discusses affairs in Russia with a falling currency.

  • *Rouble hits all-time lows for 2nd day. MOSCOW, Jan 21- The rouble slumped to new record lows on Thursday, threatening more hardship for ordinary Russians and prompting some to stock up on dollars as the Kremlin denied the currency was collapsing. A cashier at an exchange booth on Moscow's central Tverskaya Street said clients had been buying more hard currency...

  • Wall Street opens higher, despite rise in jobless claims. LONDON, Jan 21- A bounce in European shares, a tentative stabilisation in oil and soothing sounds from ECB head Mario Draghi helped steady global markets on Thursday, after a torrid few days that has wiped trillions of dollars off asset values. A 3- percent slump in Chinese stocks had given Asia another...

  • *Oil prices down 70 pct since Russia- China deal sealed. MOSCOW/ BEIJING, Jan 15- Russia is likely to scale back volumes of gas it plans to ship to China later this decade, sources close to energy giant Gazprom say, due to the dive in global energy prices and uncertainty hanging over the Chinese economy. However, they acknowledge sales to China will initially be lower...

  • If Putin seems friendlier lately, thank oil prices Thursday, 14 Jan 2016 | 1:07 PM ET
    Russia's President Vladimir Putin.

    President Vladimir Putin has sounded more conciliatory toward the West recently, and there may be more of that coming.