The Kremlin said on Friday that Russia had decided to extend the grain deal across the Black Sea for 60 days, echoing earlier statements by the Foreign Ministry. Ukraine stated that the agreement, which will expire soon, must be fully renewed under the current terms, which provide for an extension …
Read More »Russian ruble depreciates after the end of the tax repayment period
The Russian ruble fell on Wednesday, March 1, as it lost the support it received from a period to pay taxes, and the Russian currency is still under pressure due to Western restrictions on Moscow’s energy exports, which reduces its foreign exchange earnings. At 07:12 GMT, the ruble fell 0.3% …
Read More »No significant changes to oil while Russia continues its plans to cut production
Oil prices were little changed in early trading on Monday, as Russia continued its plans to cut its production further to support prices, while rising crude inventories in the United States and rising risks from global inflation weighed on prices. US West Texas Intermediate crude futures were trading at $76.36 …
Read More »Oil is rising, supported by fears of a reduction in Russian supplies
Oil prices extended their gains for the second consecutive session on Friday, as the impact of expectations of lower exports from Russia outweighed the increase in inventories in the United States. By 0215 GMT, Brent crude futures were up 61 cents, or 0.7 percent, at $82.82 a barrel. West Texas …
Read More »Reuters sources: Russia plans to reduce its oil exports by up to 25%
According to a press report, Russia plans to implement significant cuts to its oil exports in order to raise the price of crude for the West. And according to what sources told Reuters, Russia may reduce shipments from its western export hubs by up to 25% by March. The sources …
Read More »The Russian Ruble fell ahead of Putin’s speech to the Federal Assembly
The Russian ruble declined against the dollar ahead of President Vladimir Putin’s expected speech before the Federal Assembly, which is expected to be of great importance given its date coinciding with the first anniversary of the war in Ukraine, despite the high demand for the Russian currency with the approaching …
Read More »Ruble hits a 10-month low as foreign exchange earnings decline
The Russian ruble fell to near a ten-month low near 75 against the dollar on Thursday, affected by lower foreign exchange earnings from oil and gas exports and fears of the European Union imposing new sanctions on Moscow. The ruble fell 0.4% against the dollar to 74.8 by 0744 GMT, …
Read More »Russian ruble rises on the first working day of the new year
The Russian ruble started the first days of full trading in the new year on the rise, and rose from levels that are the lowest in 6 months, which it reached in volatile transactions in late 2022. The ruble advanced 1.4% against the dollar on Monday, January 9, to reach …
Read More »Fears of the repercussions of sanctions drop ruble to its lowest level in 8 months against USD
The Russian ruble fell to an eight-month low against the dollar as it suffered under expectations that sanctions targeting Russian oil and gas could limit export earnings. The ruble fell 0.9% against the dollar by 0717 GMT to 72.83, its weakest level since April 27. It also fell 0.7% to …
Read More »The Russian ruble fell to its lowest level against the dollar since May
The Russian ruble fell to its lowest level since early May, crossing 70 to the dollar on Wednesday, bringing its monthly losses to nearly 14 percent, amid fears of sanctions imposed on Russian oil and gas. And by 0939 GMT, the ruble fell 2.5 percent against the dollar, recording 70.60, …
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