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Vladimir Putin

Central Bank of Russia

Russian central bank makes surprise interest rate cut

Russia's central bank unexpectedly cut its main interest rate on Friday as fears of recession mount in the country following the fall in global oil prices and Western sanctions over the Ukraine crisis.

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Russian President Vladimir Putin

Putin ally handed contract to build Russian bridge to Crimea

Russia has handed a multi-billion dollar contract to build a bridge to the Crimea peninsula to an ally and former judo partner of Vladimir Putin who is under Western sanctions.

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Moscow

In Russia, crisis deepens slide in living standards for pensioners

For Boris Lisitsyn, Russia's financial crisis means less meat, cheese and sausage - hardships the 86-year-old says won't kill him anytime soon.

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Victory Day parade in Moscow

Russia's financial crisis may bury Putin's Eurasian dream

Growing damage from Russia's financial crisis on neighboring former Soviet states could bury President Vladimir Putin's dream of creating an economic union to rival the United States and European Union.

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Russian ruble

Russian ruble resumes recovery as exporters seen selling dollars

The Russian rouble staged an uncertain recovery on Tuesday as traders saw modest foreign-currency sales on the final day of trading before the New Year holidays.

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Victory Day parade in Moscow

As oil falls, Russia choked by military, social spending

Russian authorities are facing some unpalatable options as they try to keep the economy afloat - unless they can persuade President Vladimir Putin to curb massive military spending.

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Vodka

Putin orders vodka price cap as Russia's economic crisis escalates

Russian President Vladimir Putin ordered his government on Wednesday to rein in rising vodka prices, as he battles to preserve his popularity amid an aggravating economic crisis.

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Russian ruble

Ruble rebounds sharply from lows as exporters sell dollars

Russia's ruble rose on Friday to its strongest levels in more than three weeks, in a sharp rebound from its recent all-time lows, after the government ordered exporters to sell some of their hard currency revenues.

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Chinese Yuan Notes

China proposes broadening use of Yuan for trade with Russia: report

China's trade minister proposed more use of China's currency in settling trade with Russia in the face of a falling rouble to ensure safe and reliable trade, Hong Kong broadcaster Phoenix TV reported on Saturday.

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Vladimir Putin

Russia's 'difficult' rate hike approved by Putin

Late on Monday night Russia's central bank governor wrung out an agreement with her officials to impose the country's biggest rate hike since the financial crisis of 1998 -- with the approval of President Vladimir Putin.

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Russian rouble

Russian ruble weakens as traders see no major measures in Putin speech

The ruble weakened against the dollar and euro on Thursday with traders saying President Vladimir Putin had so far offered no concrete measures to pull Russia out of a crisis at his end-of-year news conference.

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Russian rouble

Russian ruble suffers steepest drop in 16 years

The ruble plunged more than 10 percent for the second day on Tuesday and recorded its worst fall since the Russian financial crisis in 1998 as confidence in the central bank evaporated after an ineffectual overnight rate hike.

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Russian Prime Minister Dmitry Medvedev

Rouble fall, sanctions hurt Russia's economy: Medvedev

The weakness of the rouble is hurting Russia, which has lost tens of billions of dollars because of sanctions imposed by the West in the Ukraine crisis, Prime Minister Dmitry Medvedev said on Wednesday.

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Igor Sechin

Saudi, Russia pre-OPEC talks yield no oil output cut

Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices.

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Ukraine

Crimeans should pay back loans to Ukrainian banks: Russia

Crimeans should pay off their debts to Ukrainian banks despite now living under Russian law, a Russian central bank official was quoted as saying, marking a change in position by Moscow which had suggested ignoring any payment demands.

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