The Russian economy has been rocked by the coronavirus outbreak, and the breakdown of the OPEC+ oil production pact between Russia and Saudi Arabia. The turmoil has shocked traders around the world and resulted in sharp volatility on the …
The Russian ruble weakened against the dollar this morning, trading more than 79 per dollar, according to data from the Moscow Exchange. The dollar exchange rate has exceeded the 79 ruble mark for the first time since February …
The dollar rose by 3% during the trading session on the Moscow Exchange today to 75.16 rubles, according to trading data. The dollar rate was at the level of 75 rubles last time on February 29, 2016. The euro added …
The dollar exchange rate gained 6.4% since its previous closure on the Moscow Exchange as Tuesday trading opened to 72.99 rubles, exceeding the 72 rubles mark for the first time since March 2016, according to the trading data as of 10:00 am …
Russia’s Finance Ministry said it would sell foreign exchange reserves in a bid to stabilize the ruble. “The value of liquid assets of the NWF and funds in the account for additional oil and gas revenues stand at more than …
The dollar-to-ruble rate on the international Forex market rose on Monday since the previous closure by 3.93 rubles and amounted to 72.5 rubles, according to the trading data. The euro-to-ruble at Forex increased compared to the closing …
The dollar exchange rate increased to 64.01 rubles at the Moscow Exchange today. As of 11:26 Moscow time, the dollar was 64.04 rubles (+0.23%), and the euro - 70. 96 rubles (+0.11%). For the last time, the dollar exchange rate …
Amid Washington's sanctions, Moscow pursues the policy of gradual de-dollarization of its economy and expansion of settlements in national currencies, Russian Foreign Minister Sergey Lavrov said. The minister …
The euro exchange rate declined below 68 rubles during the yesterday's trading on the Moscow stock exchange. The euro lost 1.23 rubles and was worth 67.925 rubles, while the dollar lost 0.70 rubles and was worth 61.11 rubles on the …
Russians are actively buying up dollars and euros before the New Year holidays, according to the Bank Russky Standart's report. "The end of 2019 is characterized by a slight plunge in dollar and rouble appreciation. The …
Turkish President Recep Tayyip Erdogan called on citizens to use the Turkish lira instead of the U.S. dollar in transactions. “Leave the dollar and the rest. Let’s turn to our money, the Turkish lira. …
Nowadays the mainstream media is mainly focusing on the daily events relating to the trade war between the U.S. and China to understand what kind of consequences and impact it will have on the economy and on global politics. What has not received …
Russia wants to reduce the dollar’s share of its $125bn sovereign wealth fund as part of a Kremlin plan to “de-dollarise” the economy and shift towards the euro and the renminbi, FT reports. Vladimir Kolychev, …
The first year of experiment in diversifying away from the U.S. dollar cost Russia about $7.7 billion in potential returns, Bloomberg reported. Russia’s central bank added exposure to underperforming currencies such …
The Bank of Russia does not consider prudent to completely abandon the dollar in international reserves, department director Alexei Zabotkin said in the State Duma today. "From my personal point of view, …
Russian Economy Minister Maxim Oreshkin said the country is considering alternatives to the U.S. dollar for energy transactions and is exploring currency settlements in euros and roubles for energy exports to minimise U.S. exposure, Reuters …
Rosneft has recently adjusted all the new contracts for export supplies to euros
Russian President Vladimir Putin warned that U.S. policies of using the dollar as a political tool will backfire. “With respect to the U.S. dollar, it is a special topic to discuss," he said at the …
China’s proposed digital currency could trigger global use of the yuan
The U.S. dollar rose in late trading as investors digested a batch of major economic data, Xinhua reports. Total inventories of merchant wholesalers were 679.1 billion U.S. dollars at the end of July, up 0.2 percent from the revised …
