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Ruble Overtakes Dollar in Russian Export Payments

The sharp rise in ruble-based transactions is being driven not by global trust in the Russian currency, but by the expansion of opaque payment systems...

Russian Ruble Dips After EU Unveils New Sanctions on Energy and Banks

Investors reacted to fresh concerns over Western sanctions and weakening oil export revenues.

Ruble Steadies Around 80 Against the Dollar

The ruble has strengthened by over 40% against the dollar this year amid easing tensions with the U.S. and a tight monetary policy.

Russian Ruble Surges, Becoming World’s Best-Performing Currency

The ruble has strengthened 38% versus the dollar on the over-the-counter market since the beginning of this year, data compiled by Bloomberg shows.

Ruble Strengthens to Highest Level Since June 2024 Ahead of Trump-Putin Talks

By midday in Moscow, the ruble had gained 1.16% to trade at 84.5 per dollar, according to spot foreign exchange market data.

Ruble Stabilizes But Long-Term Strength Depends on Sanctions Relief

Even if geopolitical tensions ease, a persistent capital outflow or continued domestic demand for foreign assets would limit ruble strengthening.

Ruble Hits 6-Month High Amid U.S.-Russia Rapprochement

Russia’s Central Bank set the official exchange rate for Thursday at 88.5 rubles against the U.S. dollar, its highest level since August.

Ruble on Track for Best Week Since October

Analysts attributed the ruble’s gains to increased dollar sales by Russian exporters and seasonal factors, including lower demand from importers.

Russia’s Central Bank Acknowledges ‘Short-Term’ Impact on Ruble Exchange Rate

Philipp Gabunia, deputy chair of Russia’s Central Bank, said the bank had taken sufficient measures to stabilize the ruble.

How Far Can Russia’s Ruble Fall Amid Its Latest Tumble?

Moscow will likely be able to halt the freefall triggered by mounting sanctions pressure, but its value will continue to gradually decline in 2025.

Russian Central Bank Halts Currency Buying Until 2025 as Ruble Slides

The suspension comes as the ruble traded as low as 113 to the dollar for the first time since March 2022.

Ruble Tumbles to Lowest Point Since March 2022

Finance Minister Anton Siluanov described the devaluation as “very, very favorable” for Russian exporters, though consumers are likely to feel the...

Russian Ruble Falls to 100 Per Dollar in Official Exchange Rate

Wednesday’s rate, pegged by the Russian Central Bank at 100.03 rubles per dollar, reflects a nearly 19% devaluation since early August.

Russian Officials ‘Resigned’ to Letting Ruble Fall Past 100 vs Dollar – Bloomberg

Some officials expect the low exchange rate will benefit Russia’s state budget amid government plans to increase defense spending.

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.

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.

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.

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