After China and Japan, now Russia is offering 100,000 roubles to female students under 25 to have babiesRussia has introduced measures to increase birth rates by offering financial incentives to female students under 25 who give birth. This po...
09 Jan, 2025, 12.50 PM IST
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...
28 Nov, 2024, 08.32 PM IST
Vladimir Putin signs bill increasing income taxes for the wealthy in RussiaRussian President Vladimir Putin signed into law a bill on Friday that introduces progressive income taxes targeting the wealthy, aimed at ...
12 Jul, 2024, 08.47 PM IST
Russian lawmakers approve an increase in income taxes for the wealthyThe Russian lower house of parliament approved a bill raising income taxes for the wealthy to help fund government operations during the co...
10 Jul, 2024, 02.30 PM IST
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...
15 Aug, 2023, 07.29 PM IST
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...
15 Aug, 2023, 06.40 PM IST
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...
14 Aug, 2023, 05.19 PM IST
Russia says repaid dollar debt in rubles amid default fears"Funds for the payment of coupons on external bonds of the Russian Federation maturing in 2027 and 2047 in the total amount of 12.51 billio...
23 Jun, 2022, 06.42 PM IST
The curious case of the recovering rubleOne thing that Russia has managed to defend quite effectively, however, is the value of its currency. The ruble plunged in the days after t...
02 Apr, 2022, 11.39 PM IST
EXPLAINER: What would a Russian bond default mean?Ratings agencies say Russia is on the verge of defaulting on government bonds following its invasion of Ukraine, with billions of dollars o...
16 Mar, 2022, 05.13 PM IST
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...
28 Feb, 2022, 01.24 PM IST
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...
24 Feb, 2022, 04.33 PM IST
$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.
19 Aug, 2015, 01.14 PM IST
Russia's economy is shriveling up, show statisticsThe ruble dropped below 64 rubles to the dollar for the first time since February. Currently, the ruble is trading at 64.17 per dollar.
11 Aug, 2015, 01.41 PM IST
- Russians rush to stock up dollars
The 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...
12 Dec, 2008, 12.52 AM IST
- Russia allows ruble to fall, stokes uncertainty
Russia's Central Bank eased its defense of the embattled ruble, which fell sharply and triggered a sell-off in stocks as the country faces ...
12 Nov, 2008, 01.26 AM IST
- Russian government to buy stocks to ease credit crunch
Russia's state-controlled bank VEB will invest up to $184.5 mn daily to buy stocks in the Russian bourses to ease the effects of the ongoin...
30 Oct, 2008, 05.38 PM IST