ruble

The Russian currency has broken another threshold in its decline in value. Over the weekend, 1 ruble was worth only 1 US cent. This means 100 rubles had to be paid for $1 US. The ruble also continued to lose value against the euro, with €1…

The Russian ruble slid to lows unseen since the weeks after Moscow launched its invasion of Ukraine, amid fallout from the mercenary boss Yevgeny V. Prigozhin’s aborted insurrection and declining Russian oil and gas revenues.The currency…

The Russian ruble experienced a significant decline following the failed mutiny attempt by Wagner mercenaries last month, causing the currency to breach a key threshold against the U.S. dollar, Bloomberg reported. Kremlin officials have…

Since the beginning of the year, Russia's currency, the ruble, has lost 16% of its value against the dollar and 13% against the euro. This week, it was trading at around 83 rubles to the former and 91 against the latter. This makes it the…

A trader counts U.S. dollar banknotes at a currency exchange booth in Peshawar, Pakistan . | Photo Credit: REUTERS The fact that the multipolar international system is fast unfolding is reinforced by clear trends in polycentric global…

Russian traders have started asking for payments in ruble for their exports to India in a move that could derail trade between the two countries which gathered pace after the war in Europe. Photograph: Alexey Malgavko/Reuters This is…

Russia was set to fall into its first state of sovereign default in over a century on Monday, after a grace period following a deadline to pay interest on some $40 billion in outstanding bonds lapsed the day before. The Kremlin, for its…

The ruble cemented its unlikely status as the world’s best-performing currency, rising to new multiyear highs this week. Since collapsing in the weeks after Russia’s invasion of Ukraine, which triggered sweeping international sanctions…

Russia’s central bank slashed its benchmark interest rate to 11 percent, from 14 percent, in a hastily arranged meeting on Thursday as policymakers sought to support businesses and households struggling under sanctions.The bank is cutting…

NEW DELHI: Four European gas buyers have already paid for supplies in rubles as President Vladimir Putin demanded, according to a person close to Russian gas giant Gazprom PJSC. Even if the other buyers reject the Kremlin’s terms, more…