Sanctioning Russian oil would have led to a sharp surge in oil prices to above $80 per barrel levels, which would impact pump prices in the US ahead of midterm elections next year.
Musk refuted the report, saying he spoke to Putin only once.
The new year comes with its share of risks across the globe. The Eurasia Group, world's largest political risk consultancy, in its latest report chalks out the biggest risks the world will encounter in 2012. We take a look:
Asian economies are already winning from Chinese growth.
The article also said that the opposition Congress party has little to offer other than the dynastic principle.
New Delhi was reluctant to spook investors by clipping the bank's wings
Foreign leaders who witnessed it later commented privately on the oddity of an American president flaunting such a close rapport with his Russian counterpar
Prime Minister Narendra Modi has high hopes from the VibrantGujarat Summit.
Investors from across the globe are keen to invest in Gujarat.
French police have identified the first of seven gunmen who killed at least 129 people in a wave of carnage claimed by the Islamic State group.
At least 129 people were killed and 350 wounded -- of whom 99 were said to be in critical condition -- in a series of coordinated attacks by suicide bombers and gunmen in Paris at a concert hall, restaurants and the national sports stadium claimed by Islamic State jihadists.
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