Support The Moscow Times!

Russia's Ruble Seesaws at Opening as Falling Oil Prices Take Toll

An employee counts Russian ruble banknotes at a small private shop in Krasnoyarsk.

The ruble opened slightly higher against the dollar and then weakened on Tuesday after plunging more than 6 percent a day earlier, dragged lower by weaker oil prices.

At 10:03 a.m. in Moscow, the ruble was down 0.3 percent against the dollar at 61.11 rubles and 0.2 percent weaker against the euro at 73.56.

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.