James Brown of Temple University says there has been a "huge acceleration of ties" between China and Russia since 2014.
Geopolitical uncertainty and the risk of further sanctions means Russian stocks currently look "below average" value, according to Petr Molchanov, head of investment banking for Russia at Renaissance Capital.
The leading parties of Italy's new government have long advocated an end to Western sanctions on Russia and supported closer relations with the Kremlin.
CNBC's Ylan Mui reports that President Donald Trump said that he is willing to meet with Special Counsel Robert Mueller under certain circumstances.
Cheryl Kalisch Gordon of Rabobank says the amount of supplies coming out of Argentina and Australia is key in determining where wheat prices will be heading.
The presidents of Iran, Turkey and Russia are meeting in Tehran on Friday to discuss Syria. Ali Wyne of Rand Corporation weighs in.