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.

How will the war in Georgia affect Europe, which gets 25 percent of its oil from Russia? Host Kai Ryssdal turns to a European and Eurasian expert to find out.

You may not hear a lot about it, but Russia is second only to Saudi Arabia in oil production. And, as Russia analyst Nicholas Redman tells Kai Ryssdal, it may have a greater potential for growth.