Street cleaners walking in front of a currency exchange office in Moscow yesterday. Photograph: EPA/Maxim Shipenkov
Russia moves to prop up the rouble

Russia has taken steps to support the banking system and stem a sharp fall in the value of the rouble that is threatening to plunge the country into (...)

Pedestrians pass a neon sign displaying the latest Russian ruble euro dollar exchange rate outside a currency exchange bureau in Moscow, Russia, on Tuesday. The rouble sank to a record, deepening Russia’s currency crisis, as people scrambled to convert their money into dollars after a surprise interest-rate increase failed to shore up investor confidence. (Photograph: Andrey Rudakov/Bloomberg)

Russia has failed to halt the collapse of the rouble, leaving president Vladimir Putin facing a full-blown currency crisis that could weaken his iron (...)

A Ukrainian soldier on a military vehicle in Kramatorsk, near Slaviansk, Ukraine, yesterday. Photograph: EPA/Roman Pilipey

Members of Nato will supply arms to Kiev in its battle with separatist rebels, Ukraine’s president Petro Poroshenko has said, while claiming the co(...)

Cars produced by foreign automobile-makers at a dealership in Moscow. Russia may tighten sanctions against western nations to include a ban on imports of cars.

Russia may tighten retaliatory sanctions against western nations to include a ban on car imports if the US and the EU impose additional sanctions on M(...)

Service attendants use fuel pumps to fill automobiles on the forecourt of an OAO Rosneft gas station in Moscow.   Photo: Bloomberg

Igor Sechin, the head of Russian oil giant Rosneft, has asked the government to provide the company with 1.5 trillion roubles (€31.1 billion) to help(...)

Obama’s authorisation of air strikes against militants in Iraq is accelerating a retreat in European stocks that started weeks ago. Photograph: Joshua Card/EPA

The first back-to-back weekly losses in European stocks since March sent markets tumbling across the continent yesterday. US president Barack Obama’s(...)

European shares dropped today, sinking for the seventh time in eight sessions on mounting geopolitical jitters after US president Barack Obama authori(...)

Ukrainian president Petro Poroshenko takes part in a meeting of the security council in Kiev yesterday. Poroshenko called yesterday for a truce in east Ukraine, where his government faces a rebellion by pro-Russian separatists, to provide time to seek agreement on a peace plan. Photograph: Reuters/Valentyn Ogirenko

Ukrainian president Petro Poroshenko has outlined plans for a ceasefire with pro-Moscow separatist rebels, even as Russia alarmed the European Unio(...)

 Russian prime minister Dmitry Medvedev inspects a Boeing 737-800  aircraft operated by the Dobrolet airline as Aeroflot general director Vitaly Savelyev  and Russian transport minister Maxim Sokolov (right) look on. Photo: EPA/Dmitry Astakhov 1:04

The seats were cramped but the price was right, prime minister Dmitry Medvedev declared today as he gave the Russian government’s blessing to a low-co(...)

A Ukrainian miner smokes outside the Kalinin mine in the eastern city of Horlivka yesterday. Russian prime minister Dmitry Medvedev yesterday suggested Moscow may be open to compromise on Ukraine’s gas debt and the price it pays for Russian energy. Photograph: Evgeniy Maloletka/AP

Russia has struck a more conciliatory note over the crisis in Ukraine, as the US claimed western sanctions on Moscow were starting to bite. Having pre(...)