Support The Moscow Times!

Russia's Central Bank Spent $17Bln Fighting to Defend Ruble on Oct. 7

Russia's Central Bank said Thursday that it had conducted 17.66 billion rubles ($440 million) worth of forex interventions to defend the ruble on Oct. 7.

The Central Bank releases its interventions data with a two-day lag.

The ruble has been sliding on falling oil prices and broad risk aversion towards Russia because of its role in the Ukraine crisis.

Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.