. Last Updated: 12/19/2014
Articles by Howard Amos

Howard Amos joined The Moscow Times' business desk as a reporter in November 2010 and writes on a variety of topics, including macroeconomics, finance and banking, and energy. He lived in Russia for a year before joining the paper. You can contact him at h.amos@imedia.ru or follow him on Twitter at @howardamos.


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Russian Currency Collapse Accelerates Despite Central Bank Rate Hike

The Russian currency crashed to 100 against the euro Tuesday, the latest milestone in a currency rout that has rapidly gained momentum despite a huge emergency rate hike from the Central Bank.

Russian Media Downplay Extent of Ruble Crisis

While the ruble pinballed erratically between 58 and 80 per U.S. dollar on Tuesday, making headlines around the world, Russia's state-run media have attempted to take a soft and conciliatory stance on the home currency's woes.

Fears of Capital Controls Grow as Russia's Economy Goes Haywire

The possible implementation of capital controls in Russia came a step closer Tuesday as the authorities appeared to be running out of options to stem the country's dramatic currency collapse.

Russian State Media Downplays Extent of Ruble Crisis

While the ruble collapsed 10 percent on Monday, making headlines around the world, some Russians may have been unaware of the recent intensification of their currency's woes.

Ruble Collapse Stokes Russian Mortgage Boom

One real estate developer and mortgage provider is eager to highlight the collapse of the Russian currency.

Russian Ruble Crashes to World's Worst-Performing Currency

The ruble collapsed by 10 percent against the U.S. dollar Monday earning the Russian currency the dubious laurels of the world's worst-performing currency this year.

Russia’s Ruble Speeds Past 58 to U.S. Dollar as Devaluation Accelerates

The ruble passed 58 against the U.S. dollar on Friday for the first time since the country’s 1998 crisis as global oil prices declined, extending this week's plunge against the greenback to 10 percent.

Central Bank Interest Rate Hike Sends Ruble Spinning to Fresh Lows

The Russian ruble plunged to fresh historic lows Thursday despite a Central Bank decision to raise interest rates in a bid to support the weakening currency and tame rising inflation.

Russian Ruble's 800-Year History Haunts Current Plunge

Sergei Sorokoumov has devoted the last quarter of a century to an attempt to raise Russian's pride in the ruble, the country's national currency since the 13th century.

New Central Bank Assertiveness Seen as Russia's Ruble Strengthens

The ruble strengthened sharply Friday amid what appeared to be multiple large interventions by the Central Bank a day after President Vladimir Putin called for action against currency “speculators.”

Russia's Ruble Falls as Hawkish Putin Dismays Investors

The Russian currency weakened sharply Thursday, reversing early gains as President Putin gave a hawkish speech, disappointing hopes that he might signal a compromise over Ukraine.

Why Is One Russian Stock Index Up and the Other Down?

Russia's two major stock indexes have diverged sharply in recent weeks, split further apart by a weak ruble and risk aversion among foreign investors than they had ever been since they were set up in the 1990s.

Russian Central Bank Says Willing to Spend Unlimited Amounts on Ruble's Defense

The Central Bank said Thursday that it was prepared to spend an unlimited amount of money on defending the Russian currency as the struggling ruble strengthened in morning trading.

Russian Ruble Rebounds; Traders Sense Central Bank Intervention

The Russian ruble strengthened sharply Wednesday, fueling speculation that the Central Bank had intervened on currency markets for a second time in three days.

5 Forces Battering Russia's Economy as Putin Faces Nation

When President Vladimir Putin addresses the nation on Thursday, will he confront recession, oil price tumbles, runaway inflation and other problems bearing down on Russia's economy?

Former NATO Soldier Clive Fairclough Embraces Role as Moscow Priest

When Clive Fairclough is asked whether he had any connection with the Slavic world before he arrived in Moscow earlier this year as the most senior Anglican cleric in Russia, he pauses for several seconds.

Ruble Crashes Past Historic 50 to U.S. Dollar as OPEC Lets Oil Price Fall

The ruble plunged on Friday, falling past 50 versus the U.S. dollar after OPEC's refusal to implement production cuts caused oil prices to nosedive.

Cheap Oil Threatens Russia With Recession, Deficits and Oil Output Falls

Experts say an extended period of low oil prices could lead to recession, government spending cuts, a ballooning budget deficit and faltering production in the oil industry.

Deep Historical Distrust Stymies Russia, OPEC Oil Price Diplomacy

Amid falling oil prices then-Deputy Prime Minister Igor Sechin caught the world's attention in September 2008 as he led an high-profile Russian delegation to the Organization of Petroleum Exporting Countries in Austria.

Luxury Market Slumps as Bleak Economic Outlook Hits Rich Russians' Courage

Mikhail Kusnirovich, the owner of Moscow's GUM shopping mall, was mingling with the fashion elite at a party thrown by Gucci this month to mark the opening of the Italian brand's two new outlets in the Russian capital.

McDonald's Flagship Moscow Restaurant Reopens

Russia's first McDonald's restaurant, shuttered over sanitary issues many interpreted as a sign of worsening tensions between Moscow and Washington over the Ukraine crisis, reopened Wednesday.

Profile: Elvira Nabiullina, Woman at Center of Russia's Ruble Collapse

Reaching the climax of a personal attack on Russia's Central Bank Chairwoman, Communist deputy Vyacheslav Tetyokin did not hold back, branding Nabiullina "the most expensive woman in the history of our country."

Dollar Shortages Spread Amid Russian Ruble Collapse

Rising demand for foreign currency meant U.S. dollars and euros were unavailable at some Russian banks and exchange points late last week as the ruble went into free fall.

Deputies Slam Russia's Central Bank Amid Official Hush on Ruble Woes

Kremlin and state television channels have remained reluctant to speak about the ruble's dramatic devaluation, despite fringe deputies calls for action.

Putin Ally Timchenko Figurehead for U.S. Ire

Five years ago Gennady Timchenko was a little-known Russian oil trader with a fortune of just $400,000, ranked a mere two slots from the bottom of Forbes magazine's list of wealthiest Russians.

Russia's Ruble Plummets on Central Bank Move Toward Free Float

The Russian currency tumbled Wednesday as the Central Bank announced a major step toward a free floating exchange rate.

Ruble Rout Intensifies as Russia's Central Bank Limits Interventions

The Russian ruble plunged when trading opened Wednesday as the Central Bank announced it would cap the amount of foreign reserves it spends to defend the currency.

U.S. Midterms Raise Fears of Decades-Long Russia Sanctions Law

Concerns are rising among U.S. businesses in Russia that Washington lawmakers could move to enshrine sanctions on Russia in new legislation, extending their impact and delaying their repeal.

Russia's Ruble Swings Wildly as Traders Bet on Central Bank Action

The Russian ruble swung wildly on Thursday, plunging to historic lows before rising 5 percent in just over an hour, as traders abandoned their positions before a key Central Bank meeting this Friday.

Ruble Rally Short-Lived as Historic Falls Resume

Modest gains for Russia's beleaguered currency were rapidly reversed Monday as the ruble dropped to new record lows.
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