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Russian currency News

20 Jul 2016

Russian President Putin calls for measures to strengthen national currency ruble

Russian President Vladimir Putin has asked the government to consider measures needed to strengthen the national currency, the ruble, the president's official website said Wednesday.

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.

Russian government

22 Jan 2015

Russian govt preparing 18bn euro anti-crisis plan: deputy PM

The Russian government is preparing to launch an "anti-crisis programme" to tackle the country's stalled economy at the cost of 1.375 trillion rubles (USD 21 billion), deputy prime minister Igor Shuvalov said.

Russian ruble crisis

19 Dec 2014

Russian ruble crisis sparks run on Belarus currency

Belarussians were in a panic on Friday over the Russian ruble`s plunge, rushing to convert their savings to dollars and euros as they fear a devaluation of their currency.

18 Dec 2014

Russian economy to rebound in two years at latest: Putin

President Vladimir Putin on Thursday sought to allay fears over the worst financial crisis of his 15-year-rule, saying the Russian economy would rebound in two years at most.

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

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.

17 Dec 2014

Russian ruble rebounds slightly after record plunge

Russia scrambled Wednesday to halt a run on the ruble, selling billions of reserves to prop up the currency in the worst economic crisis of President Vladimir Putin`s 15 years in power.

16 Dec 2014

Rouble hits new lows as Russian rate hike fails to support

A sharp overnight rate hike failed to ease pressure on the rouble on Tuesday, as the market continued to test the central bank`s resolve to defend the currency and piled more pressure on Russia`s faltering economy.

Russia`s central bank

11 Dec 2014

Russia`s central bank hikes rate as ruble plummets

The rate hike from 9.5 percent to 10.5 percent was the second since late October, and the bank said further raises will follow "in case of further aggravation of inflation risks."

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