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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...

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...

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...

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...

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,...

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...