You Searched For "russian ruble" and got 20 results
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2 mins read
A drunk Russian soldier killed 7 of his comrades when he threw a grenade into their barracks
Dmitry Lobovikov, a former junior sergeant in the Russian military, said he was drunk when he kille…
Mikhaila Friel
1 min read
Panicked Russians withdrew 100 billion rubles from banks during the Wagner revolt, central bank says
Russian lenders underwent the largest cash demand since fall of 2022, according to the country's ce…
Filip De Mott
1 min read
Yuan financing is growing costly for Russian businesses
Russian firms are already facing high debt costs as the country's central bank keeps rates high to …
Jennifer Sor
1 min read
Russian inflation is raging at 60%, not the reported 3.6%, thanks to the ruble's 'freefall', top economist Steve Hanke says
Russian inflation has soared to an extreme level of 60%, compared to the official figure of 3.6%, t…
Zahra Tayeb
1 min read
Russian central bank hikes rates 100 basis points as Ukraine war sparks ruble crash and labor crisis
Russia raised its benchmark rate to 8.5%, marking the first increase since the immediate aftermath …
Filip De Mott
2 mins read
Russians aren't the only victims of the ruble's implosion — the weak currency is also hitting migrant Central Asians who repatriate the cash
One US dollar can now buy around 95 rubles. That's compared to 74 rubles at the start of 2023.
Huileng Tan
2 mins read
Ukrainian attacks on Russian oil refineries may be proving the Biden administration wrong, experts say
Defense Secretary Lloyd Austin said in April that attacking Russian oil refineries risked impacting…
Nathan Rennolds
1 min read
Ruble drops to 15-month low as Kremlin says Russian demand for foreign currency surged during Wagner's mutiny
Over the weekend, 15 regions saw a significant increase in demand for foreign currencies, First Dep…
Filip De Mott
1 min read
The Russian ruble is as crucial to Vladimir Putin's regime as his war on Ukraine is, says Princeton scholar
The "ruble's demise may affect Putin and the government's popularity as much as the Russian army's …
Filip De Mott
1 min read
A former Russian minister who fled to the US says he now makes the same working as a truck driver after the ruble crashed
Denis Sharonov changed careers from a Russian minister to a truck driver in the US, but still earns…
Thibault Spirlet
1 min read
Italy says companies can buy Russian natural gas in rubles, as the bloc scrambles to keep fuel flowing
"Nobody has ever said anything about whether rubles payments breach sanctions or not," Italian Prim…
Harry Robertson
1 min read
Russian energy giant Gazprom reported its first annual loss in 24 years amid Western sanctions
Sanctions and broader energy market factors weighed on profits. Shares of the energy giant saw thei…
Yuheng Zhan
3 mins read
Russia is scrambling to pull down the ruble, after its policy moves sent the currency soaring too high. A Moscow broker explains what's going on
Policy measures have pushed the Russian ruble too high, and are threatening to derail the governmen…
Harry Robertson
2 mins read
The Russian economy is in bad shape, no matter what the Kremlin says: Russian economist
Russia's economy could face a serious slump after the country's March presidential election — in wh…
Huileng Tan
2 mins read
Russia's biggest bank plunges 77% while the ruble hits a record low, as sanctions threaten to cripple the country's economy
Russia's stock market failed to open Monday, but London-listed Russian companies cratered across th…
Harry Robertson
2 mins read
JPMorgan says Russia's economy is doing much better than expected — and will only shrink 3.5% this year despite Western sanctions
"For now, Russia is tracking a far milder recession than had been feared when the invasion began," …
Harry Robertson
2 mins read
Russia's ruble has bounced back to pre-invasion levels but the country's economy is still in a dire state. Here's what's going on.
The surge in the ruble is less a reflection of the strength of Russia's economy, than of the govern…
Harry Robertson
2 mins read
Russia's ruble jumps to pre-invasion levels thanks to Moscow's rescue measures, putting pressure on the US
Moscow has put in place strict capital controls and is still receiving cash from oil and gas sales,…
Harry Robertson
2 mins read
Russia avoids default at the last moment as a clearinghouse processes its dollar bond payments
The Russian government's payments started working their way to investors with just one day left unt…
Harry Robertson
2 mins read
Russia offers rubles to holders of $2 billion dollar bond as it tries to limit the outflow of foreign currency
Buying back dollar-denominated bonds in rubles would also ensure that local investors are paid in f…