Sberbank president and CEO Herman Gref believes that the dollar remains one of the main means of protection in Russia and the whole world. But de-dollarization, according to him, is strategically a very correct …
Russian Prime Minister Dmitry Medvedev said at the 10th Gaidar forum that the United States itself constantly feeds the de-dollarization idea with its actions. "We are still dealing with the so-called …
Russia's ruble is the most undervalued currency against the U.S. dollar, according to The Economist magazine's Big Mac Index. In January, a Big Mac costs 110 rubles ($1.65) in Russia, compared with $5.58 in America. …
Russian Central Bank published information on geographical and monetary structure of its foreign-exchange reserves with a six-month lag. It turned out that at the end of June of last year, American dollar lost its first place in Russian …
Rise of US unilateralism raises concern about relying on greenback for oil trade
The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 484.37/$1 in Armenia on Tuesday; this is up by AMD 0.62 from the previous business day in the country, according to the Central Bank of Armenia official …
The dollar exchange rate declined below 65 rubles during the today's trading on the Moscow stock exchange. The dollar lost 0.62 rubles and was worth 67.11 rubles, while the euro lost 0.44 rubles and was worth 76.8 rubles on the …
The U.S. dollar rose on Wednesday as weak economic data from some major economies caused concerns over global growth, sparking demand for safe havens, Xinhua reports. After accounting for seasonal factors, the IHS Markit Eurozone …
The dollar and euro exchange rates are getting closer to the psychological level of 70 and 80 rubles, respectively. The dollar exchange rate increased to 69.42 rubles at the Moscow Exchange from 68.77 rubles, as of 12:10 Moscow …
Since both Russia and the European Union are not dollar-based, it would be more beneficial for both to switch to euro in energy resource trading, Russian Economic Development Minister Maxim Oreshkin said. He said that …
The U.S. Federal Reserve raised its benchmark interest rate a quarter-point but lowered its projections for future hikes. As markets had expected, the central bank took the target range for its benchmark funds rate to 2.25% to 2.5%. The …
Russian President Vladimir Putin has called on the United States to abandon the policy of unilateral sanctions and seek common ground. "We are ready for that, we want that," the head of state noted. "I …
Russian banking system is experiencing massive outflow of foreign currency from individuals' deposits
Will European leaders want to promote Juncker’s idea of strengthening EU sovereignty by raising the international role of the euro?
Russia's finance ministry expects the plan for Russian economy's de-dollarization to be adopted before end of 2018, Russian Deputy Finance Minister Alexei Moiseev said. Moiseyev said that the de-dollarization …
The ruble exchange rate has started to increase on the Moscow stock exchange today. The dollar exchange rate declined by 0.37 rubles and was worth 65.74 rubles, while the euro dropped 0.40 rubles and was worth 76.02 rubles. …
The ruble exchange rate began to decline on the Moscow stock exchange today. The dollar exchange rate increased by 0.47 rubles and was worth 67.06 rubles, while the euro rose 0.43 rubles and was worth 77.14 rubles. Brent oil …
Russian Finance Minister Anton Siluanov detailed the actions taken by the government to reduce Russian economy's dependence on the dollar. Siluanov noted that European companies are considering the idea of …
Russia could expand the use of rubles for international settlements but it was unlikely to ban U.S. dollars, chief executive of VTB Andrei Kostin said. "Wider usage of the ruble... gives more business to the …
