Tag Archives: ruble

The Russian ruble fell 1% to 61.2 against the dollar on Wednesday after Russian President Vladimir Putin announced a partial mobilization of the army in a speech broadcast on state television. Russian President Vladimir Putin ordered the country’s first military mobilization since World War II, warning the West that if …

Official customs data showed that Chinese exports to Russia rose significantly in July after a 4-month decline. Reuters calculations based on customs data indicated that exports to sanctioned Russia rose 22.2 percent in July from the previous year in dollar terms, reversing a 17 percent decline in June, the first …

The Russian ruble fell against the dollar to its lowest level in more than three weeks in Moscow markets on Monday as oil prices fell and after the Russian currency lost the support of a favorable tax collection period at the end of last month. At 0729 GMT, the ruble …

Since February 2022, the war in Ukraine has contributed to the acceleration of turning the compasses of Russia’s eastwards and sent local demand for China’s yuan to record highs. This has helped to tame a four-month ruble rally that has accumulated pressure on companies and the budget.Trading volume in the …

The Russian ruble fell above 58 against the dollar on Friday, falling to its weakest point during the morning after the central bank cut interest rates for the fourth time this year by 150 basis points to 8 percent, exceeding expectations. By 1047 GMT, the ruble fell 1.9 percent to …

Some Russian bondholders told Reuters they were not getting the $100 million interest they were supposed to receive after the day. For many bondholders, failure to pay on time amounts to a debt default. The Kremlin has repeatedly emphasized the idea that Russia will not default, but that sanctions against …

“There is no need for Russia to cut its oil output,” Russian Deputy Prime Minister Alexander Novak told RBC media on Thursday.“OPEC+ role is on the rise due to uncertainties with demand and supply in China, Iran, Libya and Venezuela,” Novak added. “We don’t have plans to switch to an …

Data from trade sources showed that Russia became India’s second-largest supplier of oil in May, pushing Saudi Arabia to third place, with Iraq remaining its largest supplier. The data indicated that Indian refineries received in May about 819,000 barrels per day of Russian oil, the highest level so far from …

In the days after Russia invaded Ukraine in February 2022 and the west imposed sanctions, Russia’s ruble collapsed. The number of rubles to one US dollar quickly fell from about 78 to 138, a huge move in the world of forex, and terrifying for those with their wealth in the …

Germany announced that the European Union is likely to agree to a ban on Russian oil imports “within days”. At the same time, Moscow said it would work to strengthen its economic ties with China after it fell under the guillotine of Western isolation over its invasion of Ukraine. Ukrainian …