The currency has been significantly weaker since the start of the year, in a sign of the financial volatility prompted by the war in Ukraine.
Tag: Ruble (Currency)
Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War
With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.
Russian Ruble Slides Past 100 Against the Dollar, Its Weakest Level Since March 2022
The currency weakened as far as 102 to the dollar, adding to concerns of inflation and prompting the Russian Central Bank to move quickly to consider raising rates.
The ruble’s fall is raising concerns inside Russia about rising inflation.
The Russian currency has lost about a quarter of its value against the dollar this year, a reflection of the country’s roiling economy.
Russia Downs 2 Drones Near Moscow, as Ukraine War’s New Phase Intensifies
It was the 12th time in the past three weeks that Russian officials had reported intercepting such aerial attacks in the heart of the capital.
Russia Raises Interest Rates, Trying to Cool Wartime Economy
With the ruble weakening and the government spending ever more money on the war in Ukraine, Moscow took unexpectedly sharp action to curb inflation.
Ruble Hits Early War Lows Following Prigozhin’s Mutiny
The ruble fell as low as 94 rubles per dollar on Thursday before making a slight recovery by the end of the trading day.
For Elite Russians, Dubai Becomes a Wartime Harbor
In the exclusive neighborhoods and palatial shopping malls of the United Arab Emirates’ biggest city, wealthy Russians can build a new life without having to cut ties to their home country.
Russia’s Economy Contracts Sharply as War and Sanctions Take Hold
The country’s gross domestic product from April through June declined 4 percent from a year earlier, new government data shows.
Russia’s economy contracts sharply as war and sanctions take hold.
The country’s gross domestic product from April through June declined 4 percent over last year, new government data shows.