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stabilizing efforts

Russian Central Bank To Resume Currency Trades in 2024

The Bank had suspended those transactions in August as the ruble slid below 100 against the U.S. dollar.

Russia Introduces New Currency Controls for Exiting Companies to Prop Up Ruble – FT

The new restrictions add to existing rules requiring foreign companies that seek to leave the country to sell their Russian assets at a discount and pay...

Ruble Falls Further But Putin Says Economy 'Stable'

The Russian currency fell by as much as 101.46 rubles to the dollar in morning exchanges before paring down some losses.

psychological threshold

Ruble Slumps Past 100 vs. Dollar Again as Russia's Economic Woes Mount

The depreciation raises the prospect of weaker spending power for Russians, who are forced to pay more for imported goods.

Falling Ruble Dents Russia’s Image Among Central Asian Migrant Workers

The Russian economy relies on millions of migrant workers. A weak currency has many looking elsewhere for opportunities.

monetary measures

Russia Steps Up Support for Sagging Ruble

Russia's Central Bank said that between Sept. 14 and 22 it would sell 21.4 billion rubles ($218.5 million) worth of foreign currency each day.

currency crunch

What Do Russians Think About the Ruble's Decline?

The ruble has taken a beating in recent weeks, triggering concerns that it could set off an inflationary spiral and panic in domestic financial markets...

response measures

Putin Opts Against Stricter Capital Controls Amid Ruble's Slide – Vedomosti

Exporters had “informally” agreed to raise foreign currency sales, allowing the government to avoid the “last resort” option of imposing capital...

emergency meeting

Russia Raises Interest Rates to 12% After Ruble Plummets

The ruble gained strongly on the decision, rising by more than 2% to around 95 against the U.S. dollar.

Kremlin Unfazed as Ruble Crashes Through 100 vs. Dollar

A weaker currency could help fund Russia’s invasion of Ukraine, but it will trigger an inflationary spiral at home.

currency crunch

Ruble Slips Past 100 Against Dollar

The Moscow Exchange showed the ruble trading at 101.01 to the dollar at 11:33 am local time, while it hit a near 17-month low of 110.73 against the euro...

Russia’s Digital Ruble Won’t Help It Evade Sanctions Anytime Soon

Russian lawmakers, think tanks and state media outlets have touted the Digital Ruble as a game-changer in helping Russia skirt Western restrictions.

Russians Withdrew Over $1 Bln From Banks During Wagner Mutiny

It was the highest surge in demand for cash since the Kremlin announced a military mobilization in the fall of 2022.

currency crunch

Ruble Sinks Further Amid Mutiny Fallout

Russia’s Central Bank said Thursday that the ruble’s weakening was brought on by falling export proceeds.

sensitive currency

Russian Ruble Briefly Hits 15-Month Low After Prigozhin Rebellion

Analysts said the fact the Kremlin and Prigozhin appear to have struck some kind of deal to quash the mutiny helped avoid a deep market crisis.

Financial Freefall

Moscow Stock Exchange Down Nearly 12% at Opening

The Moscow stock exchange plunged nearly 12% in early trading on Monday following multiple strikes on Ukrainian cities and a weekend explosion that partially...

Russian Ruble Drops 17% Amid Falling Exports, Rumored Intervention

The ruble is currently at its lowest level in six weeks.

'obligations fulfilled'

Russia Says Dollar Debt Repaid in Rubles Amid Default Fears

The country last defaulted on foreign currency debt in 1918.

Russian Central Bank Slashes Interest Rate for Third Time as Ruble Rises

Interest rates will be lowered from 14% to 11% from Friday.

Russia's Ruble Stages Rebound Despite Western Sanctions

Analysts say the ruble’s success is in many ways artificial and does not bode well for the health of the Russian economy.

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