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RUBLE EXCHANGE RATE
Russian central bank holds key rate steady ahead of electionIn a recent decision, Russia's central bank opted to hold the benchmark interest rate at fourteen percent. Economic challenges have intensi...- Iran war drives Russian oil windfall as Urals crude hits highest level since 2023Russia's Urals oil export blend hit its highest price since October 2023, reaching $94.87 a barrel for tax purposes this month. This surge,...
- Ruble’s world-beating rally poses new risk to Russian economyAgainst all odds, the Russian ruble has risen impressively against the dollar, leaving officials astonished. This unexpected improvement is...
- Oil glut, strong ruble and sanctions wipe billions off Russia’s oil giantsRussian oil companies, including Rosneft, experienced a significant profit decline in the first half of the year. This downturn was attribu...
- Putin says no reason to panic over falling Russian rubleRussian President Vladimir Putin assured there is no need for panic over the significant drop in the Russian ruble, attributing it to budge...
- Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poisonThe emergency interest rate increase in Russia cannot hide the dilemma at the heart of the Russian economy: how to fund the military while ...
- Russia's ruble has tumbled. What does it mean for the wartime economy?Until now, the government stood aside as the declining ruble helped its budget. But a weaker currency also poses the threat of higher price...
- Russia's central bank makes huge interest rate hike to try to prop up falling rubleRussia's central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after t...
- Russia's currency hits the lowest level since beginning of the war in UkraineThe Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and...
- Russia accuses West of seeking 'artificial default'Ratings agency Fitch last week downgraded Russia's sovereign debt rating farther into junk territory, warning that the decision reflects th...
- View: Russian sanctions are biting harder than it could have imagined, and it'll get worseThese were the beginnings of what is sure to be the most significant financial crisis in Russia since the 1998 Russian financial crisis whi...
- Russia's central bank hikes key rate to 20 percent"The Bank of Russia's board of directors has decided to raise the key rate to 20 percent," the central bank said in a statement. It said it...
- Russian stocks retreat 33% in biggest rout, $200 billion wiped outRussian assets nosedived as military attacks across Ukraine prompted emergency central bank action and investors braced for the toughest ro...
- Russian stock market rout wipes out $250 billion in valueThe military attack on Ukraine cast a shadow over global markets and sparked a fresh bout of risk aversion. Russian assets took the main bl...
- $40 oil could be a game-changer for RussiaIf oil prices tumble below $40, then the Russian Central Bank could be inspired to interrupt its rate-cutting agenda.
- Russian economy restored to two-thirds of pre-crisis level: Vladimir PutinRussian economy has been restored to two-thirds of its pre-crisis level, PM Vladimir Putin said in a documentary aired early this morning.
- BRICs oppose US move to dilute currency controls: RussiaThe BRIC countries are united in opposing US efforts to weaken or eliminate mechanisms to control currency fluctuations, Russia’s finance m...
- Fitch cuts Russian debt rating, sparks memories of '98 crashRussia had its debt rating cut by Fitch Ratings for the first time in more than a decade as falling oil prices contributed to dwindling for...
- Russians rush to stock up dollarsThe central bank has expanded the ruble’s trading band against a basket of dollars and euros, allowing it to drop 0.8 percent, said a spoke...
- Russia allows ruble to fall, stokes uncertaintyRussia's Central Bank eased its defense of the embattled ruble, which fell sharply and triggered a sell-off in stocks as the country faces ...
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