With the price of oil and gas plummeting, Russia's once bulging budget could be heading for a deficit. Megan Williams reports half the country's income is from oil, and production is dropping along with price.
Russia met with OPEC to discuss ways of leveling out the cost of oil, as oil is now so low it could make production and investment unprofitable. Megan Williams reports it's unlikely Russia would agree to cut production.
Azerbaijan, Albania and Belarus are among countries rated high for regulatory reforms that are favorable to American corporations looking to get away from U.S. rules. John Dimsdale reports.
The White House has pulled a nuclear cooperation deal with Russia back from Congress. The cancellation means Russia will lose billions in potential profits. Some American companies aren't too happy, either. Nancy Marshall Genzer reports.
British Petroleum and its billionaire Russian partners in Russian oil company TNK have settled a long-running dispute. The deal includes removal of CEO Robert Dudley as CEO. Brett Neely has more.
At a six-way security meeting in Central Asia with Russian and Chinese participants today, Russia's invasion of Georgia got tepid support from four of its Asian allies — leaving China stuck in the middle. Scott Tong reports.
Despite Russia's decade-and-a-half of negotiations to enter the World Trade Organization, Prime Minister Vladimir Putin now says his country won't benefit from joining the WTO and might back away from promises it's made. Stephen Beard reports.
Foreign investors have pulled billions of dollars out of Russia in response to its invasion of Georgia. Official figures show the sharpest fall in the country's foreign currency reserves for a decade. Stephen Beard reports.
NATO wagged a finger at Russia today, warning that the invasion of Georgia was jeopardizing Russia's relationship with NATO. Russia's response was stern. From London, Steven Beard has the story.
A Russian company is taking over a large Ohio-based pipe and tube manufacturer in one of the biggest steel industry deals this year. Stephen Beard reports Russian steel makers now have a big U.S. presence.
