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Ruble News

03 Mar 2022

Ukraine Russia Conflict: The economic situation in Russia is not good, the Central Bank of Russia claimed

According to the Russian Central Bank, Russia's banking system is facing a severe cash crunch, the cash shortage has reached 7 trillion rubles.

Russia-Ukraine conflict

28 Feb 2022

Russia's desperate attempt to shore up sinking Ruble, here's what it is doing

Western sanctions over the Russian war in Ukraine. Russian Central Bank ordered a slew of measures. This to help the banks cope with the crisis.

Russia-Ukraine conflict

28 Feb 2022

Indian exports worth $500 mn face uncertainty over credit guarantee withdrawal

India’s mercantile exports to Russia in 2021 were worth $3.3 bn. Imports were valued at $8.5 billion. This included petroleum and petroleum products worth $4.5 bn.

Russia-Ukraine conflict

24 Feb 2022

Ruble hits record low, Euro skids as Russia attacks Ukraine

Russian forces fired missiles at several cities in Ukraine. This has sparked a sell-off of riskier assets. Russia launched an all-out invasion of Ukraine.

20 Jan 2016

Ruble hits all-time low, past 80.1 against dollar

The ruble hit a historic low on Wednesday as the dollar climbed past the 80.1 rubles level for the first time, exceeding the levels seen during the dramatic plunge of the Russian currency in December 2014.

31 Aug 2015

Weak ruble helps Gazprom second-quarter profits

The Russian gas behemoth Gazprom announced Monday second-quarter net profit of 293.8 billion rubles, an increase of 29 percent over a year earlier, thanks to a weak ruble.

24 Feb 2015

Russia's ruble, stocks drop on Moody's downgrade

Russia's ruble and stock market dropped sharply on Tuesday in response to a recent slide in the price of oil and a downgrade to "junk" status of its sovereign debt by Moody`s.

interest rate cut

30 Jan 2015

Russia's central bank makes surprise interest rate cut

The announcement to slash its key interest rate to 15 percent from 17 percent marked the first cut since December 2011.

23 Jan 2015

Adidas says profits hit by falling ruble, divestment

Adidas, the German maker of sportswear and equipment, said Friday it met its 2014 targets, but earnings were hit by special factors such as the falling ruble and the sale of its Rockport brand.

Russian central bank

12 Jan 2015

Russian central bank sold $76 bn to prop up ruble in 2014: Data

The ruble`s fall plus Russian sanctions on most Western food imports led to price rises of 11.4 percent in 2014.

Russian state bank

30 Dec 2014

Sanction-hit Russian state bank VTB receives $1.8 bn aid

Russia`s second largest bank VTB said Tuesday it has received 100 billion rubles ($1.8 billion) from the country`s national welfare fund, part of a plan to recapitalise the banking system hit by the falling ruble and Western sanctions.

29 Dec 2014

Russian economy suffers first major contraction since 2009

Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis.

28 Dec 2014

Ruble fall creates turbulence for Russian airlines

Their international competitors may be cheering tumbling oil prices, but the collapse in the ruble has meant major financial turbulence for Russian airlines who have expenses in foreign currencies.

22 Dec 2014

Moscow set to subsidise struggling ruble-hit airlines

Moscow is to set to step in to support troubled Russian airlines badly hit by the collapse of the ruble and falling passenger numbers.

18 Dec 2014

Ruble steady in Asia after Russia measures to halt collapse

The struggling Russian unit was at 61.59 to the dollar after plunging to 80 earlier in the week, and at 74.21 against the euro after previously hitting 100.

17 Dec 2014

Russian economy faces 5% contraction: IIF economist

The sharp fall in oil prices and Western sanctions could combine to drive a five percent contraction of the Russian economy next year, an economist warned Wednesday.

17 Dec 2014

Russia spends billions to prop up ruble

Russia stepped up its defence of the ruble on Wednesday as it sought to halt a run on the currency and stem the worst financial crisis of President Vladimir Putin`s 15 years in power.

17 Dec 2014

Ruble collapse buffets Asian carmakers' big Russia bets

Asian carmakers who bet big on expanding in Russia face a test of their commitment to a market they once hoped was set to surpass Germany`s by size as the rouble plunges and auto sales skid.

17 Dec 2014

German business warns ruble plunge will 'affect us all'

A German business group Wednesday cautioned against "Schadenfreude" over Russia`s currency woes, predicting a 20-percent drop in German exports to the country this year and the risk of worse to come.

17 Dec 2014

Russia finance ministry selling reserves to support ruble

Russia`s finance ministry is selling its foreign currency to support the ruble, a spokeswoman told AFP on Wednesday.

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