The little island of Cyprus was the largest foreign investor in both Russia and Ukraine before the collapse and restructuring of its banks.

• March 29, 2013

The five BRICS emerging-market nations will need more time to set up a new development bank as they work out details on funding and operations, Russia’s finance minister said.

• March 27, 2013

Gazprom has confirmed its interest in buying a combined cycle generation plants in Europe despite competition from cheap coal.

• March 26, 2013

In former Soviet Central Asia there is little debate that the root problem [of extremist beliefs] is “foreign ideas,” defined so broadly as to become a target of opportunity for both every political purpose and every local policeman or official’s ambition. Any sign of dissent from state policies or ideology can be enough to bring the wrath of the state, sometimes with great violence.

• March 25, 2013

Cyprus clinched a last-minute solution to avert imminent financial meltdown early Monday after it agreed to slash its oversized banking sector and inflict hefty losses on wealthy depositors in troubled banks to secure a 10 billion euro ($13 billion) bailout.

• March 25, 2013

Gazprom has confirmed its interest in buying a combined cycle generation plants in Europe despite competition from cheap coal.

• March 25, 2013

Russia's state-controlled Rosneft has announced it has finalized deals to gain control of TNK-BP and become the world's largest publicly traded oil producer.

• March 22, 2013

President Nikos Anastasiades has announced an agreement between political parties in Cyprus to establish an "investment solidarity fund" as part of a new bailout plan.

• March 21, 2013