Support The Moscow Times!
Contribute today

Russian Ruble Strengthens to Highest Point Since January

By The Moscow Times

The Russian ruble has risen to 73.8 against the U.S. dollar, its strongest level since Jan. 6, the RBC news website reported, citing data from The Moscow Exchange.

The official ruble exchange rate against the euro climbed to 80.28, also its highest level since the beginning of January.

The Russian currency has been strengthening amid growing oil prices.

As of Tuesday morning, the price for Brent crude oil rose above $37 per barrel for the first time since Jan. 5, RBC reported.

The crude prices have accelerated their growth after China — the world's largest oil importer — made an attempt to boost its slowing economy, Reuters reported Monday.

Another factor that has driven the prices up is falling oil output in the U.S. and OPEC countries, according to Reuters.

… 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.

Continue

Read more

high-profile case

Russia Detains Deputy Defense Minister Over Corruption Suspicions

Timur Ivanov has overseen the construction of Patriot Park and the Armed Forces cathedral outside Moscow as well as the reconstruction of Mariupol.
2 Min read
'duties to the homeland'

Ukraine Pushes Military-Aged Men To Return Home

The move would likely oblige Ukrainian men to return from abroad to undergo administrative procedures that were previously available abroad.
2 Min read
threatened strikes

Russia Vows to Attack Western Weapons in Ukraine

“We shall increase the intensity of strikes against logistics centers and storage facilities of the Western armament,” Defense Minister Sergei Shoigu...
1 Min read
prolonged detention

Russia Rejects U.S. Journalist Gershkovich’s Detention Appeal

Gershkovich, 32, a reporter for The Wall Street Journal, has been in Moscow's notorious Lefortovo prison for more than a year after he was arrested while...
2 Min read