After losing nearly half of its value in March due to Western sanctions, the Russian currency has staged an extraordinary recovery, strengthening to levels not seen in over two years. RT talked to Sergey Kopylov, a junior partner at consulting company BSC and a lead researcher at Plekhanov Russian University …
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The Russian ruble has recorded the second biggest gains among emerging market currencies against the US dollar this year. Over the first four months of the year, the Russian currency gained 6.2% against the greenback, while the Brazilian real, which sits atop the leaderboard, surged over 14% against the dollar. …
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The Russian ruble rose to its strongest position since March 2020 against the European single currency, paring some gains after the Bank of Russia cut interest rates. On Friday, the ruble hit over 74 to the euro, and headed towards 70 to the dollar in Moscow trade.Earlier in the day, …
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Helsinki has rejected Moscow’s ruble-based payment scheme for gas, the local media reported on Wednesday. Russia imposed the payment mechanism last month on countries that have placed sanctions on Russia but continue to import its gas. “We have made the decision in the government’s economic policy committee that Finland will …
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The Russian ruble strengthened against both the euro and the US dollar on Tuesday, trading data from the Moscow Exchange shows. As of 10:07 GMT the Russian currency had jumped roughly 0.96% compared to the end of the previous day’s trading to 76.42 rubles against the euro, its highest in …
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European Union companies may be able to comply with Russia’s proposed system to pay for gas in rubles without falling foul of the bloc’s sanctions against Moscow, the European Commission said on Friday. At the same time, EU executives say that it is not yet clear how such a scheme …
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The Russian ruble has strengthened against the euro and US dollar on Friday, trading data from the Moscow Exchange shows. The rally comes despite the easing of capital controls this week, after the central bank allowed purchases of foreign currencies in the country. As of 10:07 GMT the Russian currency …
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The Bank of Russia announced on Thursday it plans to have a digital ruble ready by next year and capable of making international payments. It also aims to expand the number of countries that accept Russian Mir banking cards. “The digital ruble is among the priority projects,” central bank governor …
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Several buyers of Russian natural gas have agreed to switch to payment in rubles, Russian Deputy Prime Minister Alexander Novak said on Friday. “We expect the decision [to switch to rubles] from other importers,” Novak added, in comments published in the ministry’s magazine, without disclosing the identities of the customers …
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Russia is planning to increase the use of the ruble in energy exports, but no deadlines have been set for the payment switch, Kremlin spokesman Dmitry Peskov said on Friday. “The president has set a methodical and step-by-step approach to expanding the use of national currencies,” Peskov told reporters in …
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