Russia says ruble crisis over as reserves dive, inflation climbs


MOSCOW - Russia said on Thursday its currency crisis was over even though its forex reserves have plunged and annual inflation has climbed above 10 percent, adding to the problems facing the government as it fights its worst economic crisis since 1998.

Russia says Kiev's move to join NATO dangerous for Europe

MOSCOW - Russian Foreign Minister Sergei Lavrov said Ukraine's pursuit of NATO membership posed a danger to European security and that the West was using Kiev's bid to join the Atlantic alliance as a way to fuel confrontation between Russia and Ukraine.

World, 8:47am EST

Russian reserves fall below $400 billion, first time since 2009

MOSCOW - Russia's gold and foreign currency reserves dropped below $400 billion for the first time since August 2009 as of Dec. 19, the central bank said on Thursday.

8:19am EST

Russian ruble strengthens in thin trade

MOSCOW - Russia's rouble strengthened on Thursday as exporters sold foreign currency in response to government pressure and to meet tax payments, but trading volumes were thin as many Western markets were closed for the Christmas Day holidays.

3:53am EST

Russia says NATO turning Ukraine into 'frontline of confrontation'

MOSCOW - Russia said on Wednesday NATO was turning Ukraine into a "frontline of confrontation" and threatened to sever remaining ties with the Atlantic military alliance if Ukraine's hopes of joining it were realized.

World, 24 Dec 2014

Ruble stable, but S&P downgrade warning weighs

MOSCOW - Russia's ruble stabilised on Wednesday, as exporters selling foreign currency countered the effect of a ratings agency saying it could downgrade Russia's sovereign debt to 'junk' status as soon as next month. | Video

24 Dec 2014

Russia to help large borrowers as S&P mulls junk rating

MOSCOW - Russia's central bank offered on Wednesday to help leading exporters refinance foreign debts next year, expected to be one of the toughest of President Vladimir Putin's 15-year rule for the economy due to Western sanctions and a plunge in oil prices.

24 Dec 2014

Oil spills into Black Sea near Russian port after pipeline leak

MOSCOW - A leak on a major Russian oil pipeline caused a spill in the Black Sea near the port of Tuapse on Wednesday where officials said stormy weather was hampering efforts to assess and respond to the mishap.

Environment, World, 24 Dec 2014

Hungary PM Orban: U.S. uses corruption charges to gain influence

BUDAPEST - The United States is using corruption allegations against some Hungarian public officials as a "cover story" to boost its influence in central Europe amid the Russia-Ukraine conflict, Prime Minister Viktor Orban said on Tuesday.

World, 23 Dec 2014

Informal capital controls arrest Russian ruble's slide

MOSCOW - The rouble hit its highest levels in two weeks on Tuesday, shored up by informal capital control measures designed to head off a repeat of the inflation and protests that marked Russia's 1998 financial crisis.

23 Dec 2014

Father asks Islamic State to treat captured pilot son as 'guest'

AMMAN - The father of a Jordanian pilot captured by Islamic State fighters after his plane crashed in Syria said he did not consider his son a hostage and called on his captors to treat him as a "guest".