Russians are buying huge amounts of gold with the ruble under pressure from high inflation and sanctions
The World Gold Council said Russians bought 75.6 metric tons of gold last year, up by 6% from 2023.Gold is a safe-haven asset ...
USD/RUB forecast: here’s why the Russian ruble is soaring
The Russian ruble is back. The USD/RUB exchange rate has retreated from last year’s high of 114.45 to the current 98.30, its ...
THE WEEK1y
How the collapse of the ruble could impact the war in Ukraine
The Russian ruble has been declining steadily and reached a 17-month low this week, tumbling past 100 rubles to the U.S. dollar. This gives the ruble less value than a single American cent and ...
TASS4mon
Share of ruble in Russia's foreign trade settlements approaching 40% — Putin
TASS/. The share of the ruble in Russia's foreign trade settlements is approaching 40%, Russian President Vladimir Putin said at the Russian Energy Week. "The share of the ruble in foreign trade ...
Wall Street Journal2y
The Value of Russia’s Ruble Hits Record Low. Here’s Why That Matters.
Following Russia's invasion of Ukraine, the ruble fell to its weakest value ever against the U.S. dollar. WSJ's Dion Rabouin explains what’s driving the currency’s slump and what it could mean ...