LAST UPDATE: 21.44 Part of the payments for Russian natural gas from Turkey will be made in the Russian national currency, the ruble, Russian and Turkish presidents Vladimir Putin and Tayyip Erdogan respectively agreed, Russia’s Interfax news agency reported on Friday, citing Russian Deputy Prime Minister Alexander Novak. Russia has been seeking for months to […]
Tag: ruble
Ruble falls after key interest rate cut in Russia
The Russian ruble fell above 58 to the dollar today, hitting its weakest point of the day, just after the central bank cut interest rates for the fourth time this year by 150 basis points to 8%, a bigger-than-expected cut. . The ruble was 1.9% weaker against the dollar at 57.74, after briefly reaching 58.14 […]
The ruble strengthens – At 58 against the dollar and the euro
The ruble rallied above 58 against the dollar and the euro – a sharp move – on Tuesday, supported by Russia’s strong current account surplus, while stock indexes fell. Shares in gold miner Petropavlovsk plunged 38% after the company said it plans to file for bankruptcy in a bid to protect its business as it […]
The ruble ‘reaps’ its losses as Russia defaults on debt
The ruble “picked up” the losses in a day with sharp changes as well Russia failed foreign currency debt payment for the first time in a century after the payment deadline expired and while the West promises further sanctions against Moscow because of its war in Ukraine, as reported by Reuters. A 30-day grace period […]
Russia: Pays interest on its debts in rubles and talks about bankruptcy ‘prank’
Moscow has paid in rubles the interest on its debt obligations in dollars, the Russian Finance Ministry announced today, due to Western sanctions that have increased the risk of bankruptcy in recent months. Russia’s Finance Minister Anton Siluanov has directly accused the West of trying to create the conditions for an artificial bankruptcy. “Everyone who […]
At a seven-year high the ruble: At 54.20 against the dollar
The Russian ruble jumped to a seven-year high against the dollar and the euro on the Moscow Stock Exchange on Tuesday, supported by capital controls and the prospect of favorable tax payments at the end of the month. At 14:23 (GMT), the ruble was stronger by 2.1% against the dollar at 54.44. Earlier it reached […]
Russia says it will repay the next bond coupon in rubles
Russia plans to repay in ruble its next Eurobond coupon, which expires later in June, the TASS news agency reported on Friday, citing Russian Finance Minister Anton Siluanov. Speaking at the St. Petersburg International Economic Forum, Siluanov said investors would be able to convert ruble payments into other currencies. Eurobonds are international debt issues in […]
The ruble is close to a two-week high before the decision on interest rates by the Central Bank of Russia
The Russian ruble stabilized on Friday, returning to the high of more than two weeks it had in the previous session with the support of capital controls, as the market expects the expected reduction of interest rates by the central bank, according to Reuters. As of 10:24 Greek time, the ruble was 1.1% stronger against […]
Russia will receive an additional 1 trillion. rubles from hydrocarbon exports this year, according to the Russian Ministry of Finance
Russia is expected to receive an additional 1 trillion rubles (13.7 billion euros) from hydrocarbon exports in 2022, and part of that amount could be spent on financing its military operation in Ukraine, Finance Minister Anton Siluanov said today. . “We estimate that the additional revenue from hydrocarbons could reach up to 1 trillion rubles, […]
Weakening of the ruble after the reduction of interest rates by the Russian Central Bank
The Russian ruble weakened on Thursday as the central bank cut interest rates to 11% in an off-policy meeting and the fiscal period ended at the end of the month, although capital controls kept it trading not far from the multi-year high against of the euro and the dollar. The central bank cut its key […]