The Russian rouble slumped around 10 percent against the dollar in volatile trade to a two-week low on Thursday as the central bank cut interest rates to 11 percent and suggested more cuts would follow as inflation risks subside. The central bank cut its key rate by 300 basis points for the third time in…
Rouble Slumps Over 10 Percent to Near 2-Week Low as Russia Slashes Rates Again
Russian Rouble Hits Near 2-Year High Vs Euro
April 26, 2022
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(Reuters) -The Russian rouble strengthened on Monday, firming past 77 against the euro to a near two-year high, helped by tax payments that companies are due to make this week and as the market looked ahead to a central bank rate decision on Friday. By 2:53 p.m. GMT, the rouble had gained 3.6 percent to…
Rouble Falls as Russia Relaxes Capital Controls; Rosbank Shares Jump 40 Percent
April 12, 2022
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The rouble weakened sharply on Monday, reversing some of the previous week’s gains, after Russia relaxed temporary capital control measures aimed at limiting a drop in the currency. Shares in Rosbank, a Russian subsidiary of French bank Societe Generale, jumped 40 percent after SocGen said it would quit Russia and take a 3 billion euros…
Russian Stocks Gain, Ruble Steadies Despite Further Sanctions Planned From West
Russian stocks largely shrugged off threats of further sanctions from the West on March 6, making gains after previously sliding earlier in the day amid threats of further sanctions from the West, while the Ruble stabilized. The dollar-denominated RTS index fell to 979.34 points before reducing losses and adding 0.4 percent on the day to…
Russian Rouble Reverses Losses, Stocks Up as Markets Eye More Russia-Ukraine Talks
The Russian rouble rose on Monday, reversing earlier losses, and the MOEX benchmark stock index climbed to levels last seen before Russia sent thousands of troops into Ukraine, as markets awaited a new round of talks between Moscow and Kyiv. Investors were watching developments around what Russia calls “a special military operation” in Ukraine that…
Rouble, Russian stocks hit over 5-week highs in early Moscow trade
The Russian rouble touched a more than five-week high in early Moscow trade on Friday before settling in the 83–84 range to the dollar, and Russian stocks climbed, with investors eyeing events in Ukraine and an ongoing gas payments saga. By 1319 GMT, the rouble was 0.2 percent weaker against the dollar at 83.37, earlier…
Rouble Firms Past 90 vs Dollar, Russian Stocks Extend Slide in Volatile Trade
March 29, 2022
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The rouble firmed past 90 against the dollar in Moscow trade on Monday, a near one-month high, while Russian stocks extended their slide lower on the third session of trading after an almost month-long suspension. The Russian market is gradually reopening after a suspension caused by sweeping Western sanctions that followed the beginning of what…
Russian Demand for Rouble Gas Payments Would Be Breach of Contract, EU Leaders Say
March 25, 2022
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BRUSSELS—Leaders from some European Union member states said on Thursday Russia’s demand that “unfriendly” countries use roubles to buy for its oil and gas could breach supply contracts. President Vladimir Putin’s demand on Wednesday for rouble payments sent European gas prices surging and added to concerns over supply disruptions in the EU, which gets about…
Japan Unsure How Russia Will Execute Rouble Payments for Energy Sold to ‘Unfriendly’ Nations
March 24, 2022
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TOKYO—Japan does not know how Russia will handle the required rouble payments for its energy sold to “unfriendly” countries, the finance minister said on Thursday. Japan accounted for 4.1 percent of Russia’s crude oil exports and 7.2 percent of its natural gas exports in 2021. “Currently, we’re looking into the situation with relevant ministries as…
Russian Rouble Drops a Further 8 Percent This Week in Moscow
March 12, 2022
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The Russian rouble edged up against the dollar in thin on- and offshore trading on Friday, but ended a third week of hefty losses, with the central bank now further restricting access to foreign currency. The rouble has lost a third of its value in Moscow exchanges since Russia invaded Ukraine last month, as the…
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