×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Russian Central Bank Says Low Oil Prices to Have Long-Lasting Impact

Central Bank First Deputy Governor Ksenia Yudayeva

Lower oil prices will have a long-lasting impact on Russia, Central Bank First Deputy Governor Ksenia Yudayeva said on Monday.

The Russian economy is forecast this year to slip into recession for the first time since the aftermath of the global financial crisis in 2009, hit by declining crude prices and sanctions imposed on Moscow over its role in the Ukraine crisis.

The ruble is trading around 40 percent down against the dollar compared to mid-2014.

… 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.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more