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Russia has a $140 billion stockpile of gold, but no one wants to buy it

For over a decade, Russia built up a gold stash that was supposed to be an insurance policy for its…

Dominick Reuter   


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Moscow keeps its stock exchange closed, as Russia's central bank halts the sale of foreign currencies

Global investors have rushed to dump Russian assets as the war in Ukraine rages and Western sanctio…

Hamza Fareed Malik   


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Russian ruble hits record low, local equity indices tumble as much as 50% as Putin's forces attack Ukraine

The Russian ruble plummeted to a record low on Thursday and stocks plunged after President Vladimir…

Spriha Srivastava   


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Putin says Turkey and Russia are nearing a deal for 25% of natural gas supplies to the country to be paid for in roubles

Russia has made deals for its energy supplies with a number of friendly countries, and has halted f…

Jennifer Sor   


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The Rouble Is Tumbling Again

Russia's currency is threatening to cross 60 roubles to the dollar, a new low that is likely to tri…

Tomas Hirst,Tomas Hirst   


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Rouble Is Tanking Again

The country's central bank increased interest rates by 1% on Thursday to 10.5% in an effort to slow…

Tomas Hirst,Tomas Hirst   


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The Russian Rouble Is Getting Destroyed Again...

More interestingly, the statement suggests that the central bank is looking to remove its unlimited…

Tomas Hirst,Tomas Hirst   


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The Russian Rouble Is Collapsing To New Record Lows

"The rationale of equilibrium prices is complicated. It is very likely that [the price] will be clo…

Tomas Hirst,Tomas Hirst   


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The Rouble Is Collapsing At The Worst Possible Time For Russian Businesses

Compounding the problem, the Russian central bank has limited currency repo operations - whereby Ru…

Tomas Hirst,Tomas Hirst   


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1 min read

Rouble Strengthens After Huge Central Bank Rate Hike

The rouble opened 9% stronger on Tuesday briefly falling below 60 roubles to the dollar after Russi…

Tomas Hirst,Tomas Hirst   


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Anyone Who's Expecting The Rouble To Bounce Back Will Be Gutted By This Chart

But the rouble saw only marginal gains over this period, falling from a low of around 32 roubles to…

Tomas Hirst,Tomas Hirst   


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1 min read

The Russian Central Bank Is Intervening Again To Halt A Rouble Collapse

Traders are claiming that the Russian central bank has stepped back into currency markets to halt t…

Tomas Hirst,Tomas Hirst   


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The Rouble Just Crashed To An All-Time Low As Oil Prices Tank

It's down 5.27% against the US currency today alone. The dollar is about 50% stronger against the r…

Mike Bird   


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1 min read

The Russian Rouble Is Collapsing Again As Oil Prices Slide To New Lows

The recent falls have more than wiped out the flash rally last week, which saw the rouble suddenly …

Tomas Hirst,Tomas Hirst   


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Currency Geeks Rejoice, Russia Has A New Symbol For The Rouble

The idea of creating a symbol for the ruble to rival the $, € and £ signs emerged in the 1990s. The…

Steven Perlberg   


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1 min read

The Rouble Is On A Tear After The Russian Central Bank Announces Major Policy Shift

Effective from 10 November 2014, the Bank of Russia abolished the exchange rate policy mechanism th…

Tomas Hirst,Tomas Hirst   


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The Rouble Has Smashed Through A New All-Time Low Against The Dollar

The rouble's collapse has continued into its fifth month after the Russian central bank effectively…

Tomas Hirst,Tomas Hirst   


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Russian Citizens Will Vote One Of These Five Designs To Be The New Rouble Logo

The other three are based on the Latin "R", with diagonal or curved strokes that have drawn compari…

Steven Perlberg   


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3 mins read

Analysts Have No Idea How The Russian Central Bank Plans To Rescue The Troubled Rouble On Thursday

"I expect the Bank of Russia to raise its base rate to 12% from 9.5%. The rouble rout not only wors…

Tomas Hirst,Tomas Hirst   


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2 mins read

Analysts Missed One Important Thing About The Rouble Rally And Now Its Crashing Again

The Russian central bank spent over $15 billion of foreign exchange reserves in October defending t…

Tomas Hirst,Tomas Hirst