Obama rules out military conflict between US, Russia

Washington: President Barack Obama has said that the US policy of imposing tough sanctions on Russia after its actions in Ukraine has badly hit the Russian economy, but he ruled out a war between the two countries amidst growing tension between them.

Kerry accuses pro-Russia rebels of `blatant Ukraine land grab`

US Secretary of State John Kerry accused pro-Russian separatists on Wednesday of attempting "a blatant land grab" in fresh fighting in eastern Ukraine.

Ex-minister Kudrin warns of "full-fledged crisis" in Russia

Russia`s government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy.

Putin says his grip on power is firm, economy will rebound

President Vladimir Putin vowed Thursday that Russia would rapidly recover from its financial crisis and said his grip on power was firm, even as new Western sanctions and a run on the ruble pile on the pressure.

EU, US to impose new Russia sanctions: White House

The White House says it expects the European Union to impose new sanctions this week against Russia, including against key sectors of the Russian economy, and that the United States will implement additional measures as well.

Games unlikely to boost Russian economy: Moody`s

Hosting the Winter Olympics in Sochi at a reported cost of $50 billion is unlikely to provide much of a boost to the Russian economy, ratings agency Moody`s said in a report on Wednesday.