Support The Moscow Times!

Russia Central Bank Made 34.64 Billion Rubles Worth of Forex Interventions on Oct. 9

Russia's Central Bank said Monday that it had conducted 34.64 billion rubles ($858 million) worth of forex interventions to defend the ruble on Oct. 9.

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

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.