The Russian ruble experienced a sharp drop, hitting its lowest level against the dollar in over seven weeks, following Russian President Vladimir Putin’s recent accusations against the United States. Putin, speaking from Sochi, accused the US of attempting to assert its waning global dominance, which further strained international relations. On Thursday, the ruble initially showed […]
As the market adjusted to the possibility of weaker export revenues following sanctions on Russian oil, the ruble fell by almost 3% versus the dollar on Tuesday, failing to sustain a recovery from last week’s decline. Following the implementation of an oil embargo and price cap, the ruble lost roughly 8% versus the dollar last […]
On Wednesday, as concerns over sanctions on Russian oil and gas shook the market, the ruble (RUB) fell to its lowest point against the dollar since early May, passing the 70 mark. This brought the month’s losses to roughly 14%. After reaching 70.7550 earlier today, the ruble was down 2.5% versus the dollar as of […]
In response to new pressure from the West’s price ceiling on Russia’s oil exports, the Russian ruble (RUB) recovered some of its losses after Thursday’s plunge to its lowest level against the US dollar (USD) in more than five months. Russian Ruble Falls Across Board In early morning trading in Moscow today, the ruble dropped […]
Russia’s low electricity prices were a major factor in the enormous increase in demand for discounted ASIC Bitcoin mining equipment in Q4. However, there is still a bleak future for miners around the world. JUST IN: Demand for #Bitcoin mining ASIC has “skyrocketed” in Russia – Russian newspaper Kommersant 🇷🇺 — Bitcoin Magazine (@BitcoinMagazine) December […]
A legal framework that will permit the creation of a Russian cryptocurrency exchange in Moscow is being developed by members of the State Duma, the lower chamber of the Russian parliament. According to reliable sources cited by the main Russian business daily Vedomosti, the MPs have been discussing the plan with sector representatives since mid-November. […]
In anticipation of three OFZ treasury bond auctions by the finance ministry on Wednesday, the Russian ruble (RUB) gained momentum as the market anticipated details on an oil export price cap. Ruble On a Roll The ruble was trading at 62.37 against the euro (EUR) and was 0.3% stronger against the US dollar (USD) at […]
A day before the central bank is scheduled to convene to decide on interest rates, the Russian ruble (RUB) recorded some price gains in the early trading session on Thursday. In the mid-London session today, the ruble was up 0.4% against the dollar (USD) and was at 61.57 against the euro (EUR), both of which […]
As geopolitics continued to dominate Russian markets, the ruble (RUB) gained over 61.00 to the dollar (USD) on Friday, reaching a two-week high. This was aided by a positive month-end tax period. The ruble has reached its highest level since October 7 at 60.57 by 3:00 pm GMT, up about 1% against the dollar. It […]
