Russia

EU leaders ready long confrontation with Russia

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BRUSSELS - European Union leaders warned Moscow they were ready exercise their combined muscle over the long haul in a confrontation with an economically wounded Russia if President Vladimir Putin refused to pull back from Ukraine.

New broom ends EU summit a day early

BRUSSELS - In a striking symbol of changed leadership, European Union leaders wrapped up their last summit of the year a day early after agreeing to launch an investment fund and maintain sanctions on Russia over Ukraine.

RPT-Chinese shopping "agents" cash in on Russian currency slide

SHANGHAI, Dec 18 - In Blagoveshchensk on Russia's side of the Chinese border, Mou Jiani has turned her home into a warehouse, stocking up on Apple Inc iPhones, handbags and milk powder to sell back home as Chinese shoppers take advantage of the rouble's slide.

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Putin says Russia economy will be cured, offers no remedy

MOSCOW - President Vladimir Putin assured Russians on Thursday that the economy would rebound after the ruble's dramatic slide this year but offered no remedy for a deepening financial crisis. | Video

FACTBOX-Speedskating-Short track speedskater Viktor Ahn

Dec 18 - Factbox on short track skater Viktor Ahn, who returned to the Olympic ice in Sochi to win three gold medals for adopted country Russia, taking his overall tally to six.

Ukrainians dig deep to help soldiers on the eastern front

KIEV - Ukrainians are knitting socks, donating scrap metal and even crowd-funding a tank to keep their woefully underfunded army going as its standoff with pro-Russian rebels in the east drags on towards the new year.

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BP faces heavy hit from former prized asset Rosneft

LONDON - BP faces a first and heavy loss from its stake in Russia's Rosneft due to plummeting oil prices and a crumbling rouble, potentially forcing it to write down the value of its once-prized asset.

Ukrainians dig deep to help soldiers on the eastern front

KIEV - Ukrainians are knitting socks, donating scrap metal and even crowd-funding a tank to keep their woefully underfunded army going as its standoff with pro-Russian rebels in the east drags on towards the new year.

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Putin says Russia economy will be cured, offers no remedy

MOSCOW - President Vladimir Putin assured Russians on Thursday that the economy would rebound after the rouble's dramatic slide this year but offered no remedy for a deepening financial crisis. | Video

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Analysis - Arguing over Russian reserves: $400 billion or half that?

LONDON - Defending the rouble has cost Russia around $80 billion (51 billion pounds) this year, and depending on who's doing the calculations, its usable hard currency reserves are now either starting to run low, or at a healthy $400 billion-plus.

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Obama has power to further weaken Cuba sanctions

WASHINGTON - President Barack Obama has the power to further weaken U.S. sanctions against the Communist-run island beyond the normalization of relations with Havana that he announced on Wednesday, sanctions experts said. | Video