Goldman Sees Ruble Upside

May 7, 2010

The ruble will recoup losses triggered by the Greek financial crisis, which has undermined investor confidence in emerging markets, Goldman Sachs Group said Thursday.

The currency may gain more than 9 percent to 27.5 per dollar in the next 12 months as higher oil prices bolster government finances and the country’s low debt level lures investors, said Anna Zadornova, a London-based economist at Goldman Sachs.

(Bloomberg)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue