Of Thanks to Floudopoulos The payment to Gazprom for the April gas supplies was made on Monday in accordance with the European Commission guidelines, without violating the framework of sanctions against Russia. According to information, the payments were made in euros, with the buyers receiving certification that the transaction is considered complete and that they […]
Tag: ruble
Ruble: Under 57 against the dollar for the first time in 4 years
The Russian ruble strengthened on Tuesday to levels seen since March 2018 against the dollar, strengthened by companies that focus on exports and sell foreign currency to pay taxes, according to Reuters. The ruble has strengthened about 30 percent against the dollar this year, despite the economic crisis in Russia, making it the best-performing currency […]
The Ukrainian Kherson officially begins to use the ruble as a currency
The new, pro-Russian authorities of the Ukrainian province of Kherson, which has been occupied by Russia, announced that from today the Russian ruble will be the official currency but will circulate simultaneously with the Ukrainian hryvnia. “The area is becoming a dual currency zone: the ruble will circulate alongside the hryvnia. Companies and businesses can […]
The ruble is at a 7-year high due to Putin’s gas strategy
LAST UPDATE 13:48 The ruble has jumped to a seven-year high against the euro as more foreign companies appear to be complying with Vladimir Putin’s demand to switch to the Russian currency for gas. The ruble jumped up 9% against the euro, reaching its strongest level since June 2015. The Russian currency strengthened by 6.6% […]
Russia: We will serve our foreign debt in rubles if the US blocks any other way out
Russia will service its foreign currency debt obligations in rubles if the United States blocks other options, and will not declare a moratorium on payments, said Russian Finance Minister Anton Siluanov. Washington is considering blocking the possibility for Russia to pay for US-held bonds, leaving the May 25 deadline, which would bring Moscow closer to […]
Western sanctions, strong ruble. How is it done?
With the start of the war in Ukraine the ruble suffered a fall. But Western sanctions have strengthened it as it was in 2017. There are explanations for this. Even many Russians can not believe their eyes when they go to exchange rubles for another currency. The ruble is becoming stronger. Russia’s aggressive war against […]
Confucius Commission on gas – Warns now about ruble bills
The European Commission said Tuesday that opening ruble accounts in a Russian bank to pay for gas would violate its sanctions, a day after Brussels issued a directive saying companies could legally continue shopping. According to Reuters, member states and companies have been asking the Commission for weeks for clarity on how to proceed, following […]
The Commission has given the ‘green light’ to continue gas purchases
The European Union (EU) has said that companies can continue to buy gas without violating sanctions, according to Bloomberg. A spokesman for the commission said the commission had sent its revised guidelines to member states on Friday. The updated recommendations state that companies should make a clear statement that they consider their obligations fulfilled as […]
The ruble is close to a 5-year high against the euro
The Russian ruble stabilized above $ 64 per dollar on Monday, briefly reaching $ 62.71 per dollar, and strengthened to a five-year high against the euro, supported by continuing restrictions on foreign exchange trading, according to the Reuters agency. The ruble is the best performing currency in the world so far this year, although this […]
Putin: The truth and lies he told about the Russian economy
By Derek Saul Vladimir Putin presented an enviable picture of the Russian economy last Thursday, boasting about the recent ruble rally and the country’s inflation compared to its “rivals”. Putin’s messages were – at least – misleading, as the Russian economy shows clear signs of recession following its isolation from much of the world market […]
