News | Latest Breaking News Stories & Headlines

Russia's Sberbank warns of economy overcooling

The Russian economy could cool down excessively due to high interest rates and may face difficulties returning to a growth path, Alexander Vedyakhin, First Deputy CEO of Russia's largest lender, Sberbank, said in an interview with Reuters.

Business • 18 Jun

The rouble was 0.4% weaker at 90.20 to the dollar

Russian rouble stable after period of volatility

The Russian rouble weakened slightly against the dollar but remained stable, recovering from a period of volatility in the immediate aftermath of Ukraine's biggest attack on Russian territory since the start of the war.

Business • 20 Aug 24

Russia's rouble is set to gain more than 6% in what has been one of its most volatile weeks all year

Russian rouble steadies near 2-week after volatile week

The Russian rouble steadied today, hovering not far from a two-week high hit in the previous session and it is set to gain more than 6% in what has been one of its most volatile weeks all year, with the market on alert for capital controls.

Business • 18 Aug 23

Russia's central bank increased its key interest rate by 350 basis points to 12% today after an emergency meeting

Russian central bank increases rates from 8.5% to 12%

Russia's central bank hiked its key interest rate by 350 basis points to 12% today from 8.5%, an emergency rate move to try and halt the rouble's weakening past 100 to the dollar after a public call from the Kremlin for tighter monetary policy.

Business • 15 Aug 23

Russia's rouble has shed around 30% of its value against the dollar since the beginning of the year

Rouble plunges against dollar to March 2022 low

The Russian rouble slid past 100 against the dollar today, its lowest level since March 23, 2022 - weeks after Moscow unleashed full-scale hostilities in Ukraine.

Business • 14 Aug 23

Russian central bank increases rates to 8.5%

Russia's central bank hiked its key interest rate by a greater-than-expected 100 basis points to 8.5% today, raising the cost of borrowing as the weak rouble added to inflation pressure from a tight labour market and strong consumer demand.

Business • 21 Jul 23

Against the euro, the rouble was up 0.25% at 72.97

Russian rouble firms around 67 vs dollar

The Russian rouble firmed towards 67 per dollar, boosted by exporting companies selling off foreign currency revenues to pay taxes later in the month and the central bank's intervention on forex markets.

Business • 13 Jan 23

The rouble has lost around 11% to the dollar since the price cap on Russian oil exports came into force on December 5

Russian rouble soars to end volatile 2022 on a high

The rouble soared in its final session of a volatile year today, but remained on course for hefty losses in December.

Business • 30 Dec 22

The rouble is being hit by relatively low oil prices and fears that sanctions on Russian oil could crimp its export revenues

Rouble hits weakest level against dollar since May

The Russian rouble slumped to a more than six-month low past 66 per dollar today, hurt by relatively low oil prices and fears that sanctions on Russian oil could crimp the country's export revenues.

Business • 19 Dec 22

Russia has struggled to keep up payments on $40 billion of outstanding bonds since its invasion of Ukraine on February 24

Russia's first major external bond default in century

Russia looked set for its first sovereign default in decades as some bondholders said they had not received overdue interest today following the expiry of a key payment deadline a day earlier.

Business • 27 Jun 22

The rouble had slumped around 10% to the dollar and euro yesterday as Russia's central bank cut its key rate to 11%

Rouble extends losses after Russian rates slashed

The Russian rouble extended its losses today after plunging the previous session as the central bank slashed interest rates, signalling more cuts to come, and the prospect of easing capital controls and a possible sovereign default hammered the currency.

Business • 27 May 22

Two creditors holding the bonds confirmed the money had shown up in their accounts

Russia set to avoid default as creditors get payment

Russia was set to swerve a debt default after overdue payments on two of its sovereign Eurobonds were sent to creditors, four sources told Reuters.

Business • 03 May 22

By 1453 GMT, the rouble had gained 3.6% to trade at 77.25 versus the euro

Russian rouble hits near 2-year high vs euro

The Russian rouble strengthened today, 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.

Business • 25 Apr 22

By 1500 GMT, the rouble had lost more than 4% of its value in jittery trade

Rouble falls as Russia relaxes capital controls

The rouble weakened sharply today, reversing some of the previous week's gains, after Russia relaxed temporary capital control measures aimed at limiting a drop in the currency.

Business • 11 Apr 22

Russia's rouble is holding on to its recent gains today

Russian stocks lower in volatile trade, rouble stable

Russian stocks edged lower today in a volatile second session of trading after a nearly month-long suspension, while the rouble held on to recent gains, holding near 97 to the dollar.

Business • 25 Mar 22

Shares in gas giant Gazprom jumped in Moscow today as the stock market partially reopened

Rouble recovers, stocks soar as Moscow trade resumes

The Moscow Stock Exchange resumed trading of some shares today as it continued re-opening after a month-long suspension over Russia's military operation in Ukraine.

Business • 24 Mar 22

The battered euro saw gains today ahead of this week's European Central Bank meeting

Euro rallies as commodity prices ease

The euro gained more than 1% against the dollar today as risk appetite returned to financial markets and commodity prices eased from recent peaks that were driven by Russia's ongoing invasio

Business • 09 Mar 22

The rouble has lost more than 40% its value against the dollar since the start of the year

Russian rouble drops to fresh record low in thin trade

Russia's rouble tumbled to a fresh record low in thin offshore trade today, with local markets closed for trading until at least Wednesday.

Business • 07 Mar 22

The rouble gained against the dollar but fell against the euro today

Rouble near record lows in volatile Moscow trade

The rouble was mixed in volatile Moscow trade today, gaining against the dollar but falling against the euro, as investors assessed conflicting signals about the economic and geopolitical outlooks.

Business • 04 Mar 22

The euro also weakened 0.8% against the dollar, falling below $1.10 for the first time since May 2020

Euro set for worst week in 7 years against Swiss franc

The euro extended its falls across the board today and was poised for its biggest weekly drop in seven years against the Swiss franc as investors dumped the single currency as the war in Ukraine intensified.

Business • 04 Mar 22

Russia's financial markets have been thrown into turmoil by sanctions imposed over its invasion of Ukraine

Russian rouble slides further after ratings downgrades

The Russian rouble slid further in Moscow trade today after ratings agencies Fitch and Moody's downgraded Russia to "junk" status, citing the impact of Western sanctions.

Business • 03 Mar 22

The rouble has tumbled since the start of Russia's invasion of Ukraine on February 24

Russian rouble plunges to new low in Moscow

The rouble plunged to a record low in Moscow of 110 to the dollar today and the stock market remained closed as Russia's financial system staggered under the weight of Western sanctions imposed over Moscow's invasion of Ukraine.

Business • 02 Mar 22

Russia's rouble started the week in dramatic circumstance, plunging as much as 30%

Rouble slips again, Swiss franc hits seven-year high

The rouble fell further today after partly recovering some ground, while the dollar edged higher and the Swiss franc hit a seven-year high, as investors sought out the safe-haven currency while waiting for developments in Ukraine.

Business • 01 Mar 22

After plunging 30% to 120 per dollar, the rouble has managed to recover some ground this afternoon

Euro slips, ruble drops as Russia-Ukraine tensions boil

The Russian ruble sank and the euro nursed sharp losses against the US dollar today as the West ramped up sanctions against Russia over its Ukraine invasion, prompting investors to shun riskier currencies.

Business • 28 Feb 22

The Russian rouble hit a near two-year low after President Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine

Russian central bank vows financial stability support

The Russian central bank has today said it was ready to take all necessary measures to support financial stability.

Business • 22 Feb 22