“The revenues from oil exports need to increase, and I don’t see any other solution but through devaluing the ruble,” a Credit Suisse analyst said.
Obama’s comments came after he met Turkish President Recep Tayyip Erdogan in Paris, where the two have been attending the ongoing climate change conference.
Turkish President Recep Tayyip Erdogan denied Putin's accusations, saying he'll leave office if they are proved true.
A $31 billion trade relationship is about to change as Moscow responds to Turkey's strike against a Russian warplane.
The United Arab Emirates described Russian airstrikes in Syria that have largely attacked rebels supporting Syrian President Bashar Assad as attacks on a "common enemy."
Prime Minister Justin Trudeau met on the sidelines of the Paris climate change talks with Ukrainian President Petro Poroshenko on Sunday.
Russia imports 20 percent of its vegetables from Turkey, and the move raises fears of price increases and market instability. Other countries hope to step in and fill the void.
Russia Airborne Forces will conduct military drills with the Russian Aerospace Forces and Russian Geographical Society in the first six months of 2016.
Leaders of the European Union met Turkish premier Ahmet Davutoglu in Brussels on Sunday to finalize an agreement .
The body of Lt Col Oleg Peshkov was received by Turkey late Saturday and will be handed over to Russian officials Sunday.
The decree, posted on the Kremlin's web site, said a ban on charter flights from Russia to Turkey would be introduced, that Russian tour operators should stop selling trips to Turkey, and that imports of some Turkish products would be halted.
The Turkish president Saturday expressed regret over the downing of a Russian warplane, but stopped short of an apology, as the countries' relationship worsens.
While the U.S. said Russia's beefed up air defenses could complicate the tense situation in Syria, Moscow said it will not impact the U.S.-led coalition against ISIS.
The Kremlin said the moment for an anti-ISIS coalition wasn't right as protesters delivered a coffin with a likeness of Turkish President Recep Tayyip Erdogan to Turkey's embassy in Moscow.
To date, 56 athletes have been sanctioned by the International Association of Athletics Federations, and the Times of London says there should be more.
As odd as it may appear, action in the markets seems to indicate investors aren't too worried about the major geopolitical events that have made headlines this month.
An aide said the Kremlin had received a request from Ankara regarding a possible meeting between the two leaders at a climate conference in Paris.
France's foreign minister on Friday called for the destruction of ISIS headquarters in the Syrian city of Raqqa, following the Nov. 13 Paris attacks.
The relationship between Turkey and Russia has turned icy since the Su-24 was shot down Tuesday and the former refused to apologize over it.
Protesters in Athens and Sofia came out in a show of support for Moscow after Turkey shot down a Russian warplane earlier this week.
Foreign Minister Sergei Lavrov said the action was taken because Turkey has been reluctant to share information about its citizens involved in terrroist activity.
At a ceremony memorializing victims of the attacks Nov. 13, the French president says the country will not let threats affect its way of life and vows to destroy ISIS.
