Tag Archives: ruble

The Russian ruble gained ground against major currencies on Monday, edging above 94 rubles to the US dollar for the first time since September 13, trading data from the Moscow Exchange (MOEX) showed. The ruble also rose against the European single currency, trading at 99.9 rubles to the euro as …

Iran’s official foreign currency exchange has listed the Russian currency and launched trading in the ruble/rial currency pair, the IRNA news agency reported on Tuesday. The listing comes ahead of President Putin’s visit to Tehran, and has been described by the head of Iran’s Central Bank as “an important step …

Russia and China are continuing to eliminate the US dollar from mutual trade as monthly volumes on the ruble-yuan pair have reportedly soared 1,067% to nearly $4 billion over the past three months. According to Bloomberg calculations, some 25.91 billion yuan, or $3.9 billion, have been exchanged for rubles on …

The ruble firmed sharply on the Moscow Exchange on Monday, recouping most of last week’s losses as it retained support from capital controls and Russia’s strong trade account. At 11:16 GMT, the ruble gained nearly 9% on the US currency at 61 rubles per dollar, and was up around 10% …

The ruble’s rapid gains may pose a risk to the country’s economy in the future, Economy Minister Maxim Reshetnikov told reporters earlier this week. “The current exchange rate is a problem in the long run, because the real effective exchange rate is 40% stronger than in the last five years,” …

Bulgaria plans to discuss ruble payments for Russian gas with the European Commission, Energy Minister Alexander Nikolov said in an interview with BTV channel on Sunday. Sofia had earlier rejected Moscow’s new settlement demand to countries that imposed sanctions on Russia. Nikolov was asked what is the point of countries …

The combination of a strong ruble and high oil prices will temporarily tame inflation, however, it also could accelerate consumer prices in the future, according to Doctor of Economics Denis Domashchenko, as quoted by the Russian business daily RBC. The analyst warns that the dominance of energy sector revenues along …

Austria’s oil and gas conglomerate OMV said on Friday that it had opened an account with Gazprombank to pay for Russian gas imports, insisting that the scheme does not violate the current EU embargo against Moscow. Austria imports some 80% of its gas from Russia. “We have implemented a payment …

The Russian ruble reached a four-year high on the US dollar and a seven-year high against the Euro on Friday. The ruble is being propelled by capital controls, the new ruble-based gas payment scheme and looming corporate tax dues, which are pushing up domestic demand for the currency. Reaching 57.67 …

The Russian ruble has eclipsed 31 major currencies in growth since the start of 2022, becoming the globe’s best-performing currency, Bloomberg reported on Wednesday. According to the publication, the ruble has strengthened against the US dollar by more than 11% since the beginning of the year. On the international currency …