Russian economy suffers first contraction since global crisis
Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis.
Crunch time: As sanctions bite, Putin ally gets into apples
As U.S. and European sanctions piled pressure on Russia earlier this year, the Kremlin hit back with an unusual weapon: apples.
Russia says ruble crisis over as reserves dive, inflation climbs
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.
Israel police hold dozens of public officials in corruption probe
Israeli police said on Wednesday they had detained more than 30 serving and former public officials in an investigation into alleged corruption linked to a party in Prime Minister Benjamin Netanyahu's ruling coalition.
Informal capital controls arrest Russian ruble's slide
Russia's 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.
Russia in recession in 2015, ruble to stay pressured
The Russian economy will slide next year into its first recession since the global financial crisis and inflation will be close to double digits, economists forecast in a Reuters poll, as the oil price crash and Western sanctions bite.
Russia says U.S. scrapping steel trade deal raises WTO issues
Russia has complained that a U.S. move to scrap a 15-year-old deal sheltering Russian flat-rolled steel producers from high import duties is inconsistent with World Trade Organization rules.
Russia growls across the border as Lithuania readies for euro
Geopolitics plague Lithuanians at this frozen Russian border post, where a return trip by car can mean 48 hours of queuing. It is a reminder for some of why the former Soviet republic will cement its move to the West by joining the euro zone next month.
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