According to Bloomberg's calculations, the ruble has appreciated by 38% against the dollar in the over-the-counter market since the start of the year, outpacing gold's 23% rise.
Speaking at a televised meeting with Prime Minister Mikhail Mishustin on Feb. 7, Putin noted that consumer prices in Russia rose by 9.5% in 2024 and have climbed further to 9.9% year-on-year this month.
Ukraine This Week's host, Anna Belokur, discusses Russia's attacks on Ukraine and its record losses, the ruble plunging to its lowest level since 2022, Joe Rogan's recent comments about Ukraine and President Volodymyr Zelensky, and why the West should do exactly what Rogan is preaching against: hit Russia where it
With the purchasing power of the Russian ruble hitting the lowest point since March 2022, the economic toll of the full-scale invasion of Ukraine becomes glaring. Russia's expanding spending on the war has fueled inflation, prompting Russia's Central Bank to hike its interest rate to the highest level since the
Chinese multinational Alibaba, the owner of the online shopping portal AliExpress, has stopped accepting payments in rubles and no longer allows the delivery of orders to Russia, Russian business newspaper Kommersant reported on May 28.
It took a full-scale invasion by Russia into Ukraine to get the international community to apply a range of sanctions against the attacking country. The most severe penalty was the move to sever certain Russian banks from the international payment order system SWIFT and prevent the Russian Central Bank from
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