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Russian rouble weakens on downgrade

2014-10-20 11:36:21| BBC News | Business | UK Edition

The Russian rouble weakens further against the dollar after Moody's downgrades its credit rating, blaming the economic damage caused by sanctions.

Tags: russian downgrade weakens

'Buy Russian' campaign defies food embargo

2014-10-17 12:33:42| BBC News | Business | UK Edition

Russians put a brave face on the ban on Western food, but some businesses are suffering, Sarah Rainsford reports from Moscow.

Tags: buy food russian campaign

Russian gas shutdown would not cause blackouts, says European commission

2014-10-16 19:45:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: A total shutdown of Russias gas supply to Europe will not cause blackouts this winter, the European commission said on Thursday, as Vladimir Putin warned of a potential repeat of 2008 when Russia turned off gas supplies to the Ukraine. If we see that our Ukrainian partners, just like in 2008, begin removing gas without permission from the export pipeline system, we, just like in 2008, will consecutively reduce the stolen volume at the cost of supplies, Putin told reporters in Serbia. The...

Tags: gas russian european commission