Russia’s GDP Expected to Decline in Second Quarter

Global Business

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The impact of the Ukraine crisis on Russia’s economy may be starting to show. One banking group is already predicting a recession. Russia’s prime minister said he thinks the country either grew very little or not at all in the second quarter. CCTV’s Tom Barton reports from Moscow.

Russia's GDP Expected to Decline in Second Quarter

Russia's GDP Expected to Decline in Second Quarter

The impact of the Ukraine crisis on Russia's economy may be starting to show. One banking group is already predicting a recession.Russia's Prime minister said, he thinks the country either grew very little or not at all in the second quarter. CCTV's Tom Barton has more from Moscow.

Russian President Vladimir Putin isn’t easing up on Europe. In an open letter to the region’s leaders, he warned that he will cut gas supplies to Ukraine if it doesn’t pay for its $3.5 billion bill. Putin’s threat has highlighted the European Union’s need to become self-sufficient in energy sooner than later. CCTV’s Sandra Gathmann reports.

EU Speeds up Plans for Energy Independence

EU Speeds up Plans for Energy Independence

Russian President Vladimir Putin isn't easing up on Europe. In an open letter to the region's leaders, he warned that he will cut gas supplies to Ukraine if it doesn't pay for its $3.5 billion bill. Putin's threat has highlighted the European Union's need to become self-sufficient in energy sooner than later. CCTV's Sandra Gathmann reports.

CCTV’s Phillip Yin interviews Jacob Kirkegaard, Economist at the Peterson Institute for International Economics, on the impact of tensions between Russia and Europe on global markets.