For many Russians, last year’s annexation of Crimea represented “the restoration of historic justice” and was of equal…
Topic: rouble
News about the rouble, its fluctuations, effect on the economy, and its future as a common currency for the Eurasian Economic Union
Rouble collapse brings down Russian tourism costs with it
Rouble collapse brings down Russian tourism costs: The dramatic devaluation of the rouble has had an equally…
Rouble depreciation drags down neighbouring currencies
Rouble depreciation: The Moscow Times has compiled a list of the knock-on effect that the rouble’s devaluation…
Kazakhstan considers ban on Russian imports as rouble distorts market
Kazakhstan considers ban on Russian imports: On the same day that Russia plays host to the…
Russian inflation expected to peak at 15-17% as CBR cuts interest rate
Russian inflation is likely to peak at between 15% and 17% around March and April before dropping…
Russian tourist sector set to be one of few winners from rouble crash
Russian tourist sector: With a debilitated rouble making the cost of an overseas holiday becoming increasingly…
General Motors to suspend production at St Petersburg plant
General Motors to suspend production: has announced that it is to suspend production at its St. Petersburg auto assembly…
350 Russian banks at risk of closure, think tank warns
Russian banks at risk : 350 of Russia’s some 830 banks may not be around by…
Russian banking system promised $15bn safety net by Medvedev
Russian banking system: Russia’s Prime Minister Dmitri Medvedev has pledged to give the country’s banks RUB1…
Rouble collapse plays havoc with Russian retail sector
Rouble collapse: The Russian rouble’s dramatic drop is causing chaos among Russian retailers as consumers rush to…
Russian-Chinese trade upward curve continues despite rouble
Russian-Chinese trade grew year-on-year by 6.8% to reach $95.28 bn, the Chinese customs department reported today…
Health Minister ordered to stockpile critical drugs by Medvedev
Health Minister ordered to stockpile critical drugs: Russia’s Prime Minister Dmitry Medvedev has instructed Health Minister Veronika…
Belarus and Turkmenistan devalue while Azerbaijan stands firm
Belarus and Turkmenistan devalue: With the rouble continuing to plunge, both Belarus and Turkmenistan have been forced to…
Rouble recovers slightly but relief from rate rise looks temporary
Rouble recovers slightly: By 10:50 am GMT on December 16, the rouble had begun to recover again…
Sanctions and rouble costing Russia $140bn, says Finance Minister
Sanctions and rouble costing Russia $140bn: Russia’s role in the Ukrainian crisis has cost the country…
EEU dollar and euro transactions may be banned by 2030
EEU dollar and euro transactions: The EEU is considering banning dollar and euro transactions between member…
Russian food producers profit from EU food import ban
Russian food producers RusAgro and Cherkizovo have posted record profits for Q3 2014 on the back of…
Moscow Metro extension work suspended as import costs soar
Moscow Metro extension: A dramatic increase in the cost of imported building materials caused by the…
Western sanctions expected to last till 2017 – CBR
Western sanctions: Russia’s Central Bank today said that it anticipates the economic sanctions imposed by the West…
Foreign currency sales soar as rouble dives
Foreign currency sales: As the rouble continues to weaken, Russian demand for dollars and euros have risen…
Central Bank cap on intervention sends rouble diving
Central Bank cap: The Russian rouble plunged at the beginning of trading today as the Central Bank (CBR)…
Russian bank withdrawals top $1bn as rouble devaluation continues
Russian bank withdrawals: Russians pulled the equivalent of $1.3bn out of their rouble deposits in September as Moscow battled…
Rouble drops to record low despite $6bn CBR intervention
Rouble drops to record low: Despite the Central Bank of Russia (CBR) spending $6bn to try and…
Russian hard currency reserves drop to $50bn
Russian hard currency reserves: Russia has lost approximately 10% of its hard currency reserves, largely due to the…