News Russia Currency: Russia's strong currency puzzles economists, signals economic woes
Since early December, the Russian ruble has continued to strengthen against global currencies: on Dec. 7, it reached a value of only 76 rubles for one U.S. dollar, a figure unseen since May 2023. It soon dropped to 79 rubles per U.S. dollar, an exchange rate close to one seen on the eve of Russia's full-scale war. Ruble's strength came despite increasing sanction pressure by the Trump administration, which began targeting Russian oil giants Lukoil and Rosneft in October. The measures, which f
News Russia Currency: Russia's ruble becomes the world’s best-performing currency, up 40% against the dollar
The ruble has jumped nearly 40% against the U.S. dollar this year, making it the best-performing currency in the world so far in 2025, according to Bank of America. On Tuesday, the Central Bank of Russia reported that the dollar fell from 83.00 to 81.93 rubles, a 1.3% drop. The euro slipped from 96.83 to […]
News Russia Currency: Why Russia's currency is 'doomed to weaken further,' according to a think tank
Russia's currency woes will deepen, according to the Carnegie Endowment. Researchers at the think tank say the main factors driving the ruble's decline will persist. Russia has few options to prop up ...
News Russia Currency: Russia Stokes Fears of First Foreign Currency Default in More Than a Century as It Attempts Payment
Russian Finance Minister Anton Siluanov said Wednesday it is up to the U.S. to decide whether crucial interest payments on two dollar-denominated eurobonds go through, ratcheting up fears of Moscow's ...
News Russia Currency: Russian Security Takes Down REvil Ransomware Gang
The country's FSB said that it raided gang hideouts; seized currency, cars and personnel; and neutralized REvil's infrastructure.
News Russia Currency: Russia arrests REvil ransomware gang members at request of US officials
More than a dozen members of the REvil ransomware group have been arrested courtesy of the Russian government. On Friday, the Federal Security Service of the Russian Federation announced a joint ...
