Russia's decision to halt the production of one-ruble coins will likely have little impact on daily transactions and the ...

Russian banks are worried they will be burdened with costs when the nation’s central bank rolls out its CBDC, the digital ...

The plunging value of the Russian currency, the ruble, has caused exporters in China to suspend sales on Russia's e-commerce platforms, it has been reported. The ruble hit a 32-month low this week ...

The Russian ruble slumped on Friday to its lowest level against the US dollar since March 2022, a day after Moscow fired a hypersonic missile on Ukraine and Washington sanctioned a key Russian bank.

However, falling energy prices and tighter sanctions in 2023 caused a drop in Russia’s export revenue. The G7 countries, the EU and Australia imposed a cap on the price of Russian oil, which led to ...

An exchange rate of 100 to 110 rubles per US dollar is “reasonable” as it balances the interests of the state and exporters, ...

Pedestrians walk past a board listing foreign currency rates against the Russian ruble outside an exchange office in central Moscow on December 16, 2014.Getty Images / KIRILL KUDRYAVTSEV The ruble ...

The ruble and inflation nonetheless remain key concerns for the Kremlin, said Janis Kluge, an expert on the Russian economy at the German Institute for Security and International Affairs in Berlin.

It also exempts Russian crypto miners from value-added tax (VAT) on mined coins. The bill passed three ... Failure to comply will result in fines of 40,000 rubles (about $360).