Ruble

Sadly, in 2018, the whole remarkable structure was reduced to ruble by a Turkish airstrike

Russia's central bank yesterday raised its key interest rate by 3.5 percent, a move designed to fight inflation and strengthen the ruble after the country's currency reached its lowest value since early in the war with Ukraine.

The decision was announced after an emergency meeting of the bank's board of directors was called a day earlier as the ruble declined.

Belarus and Russia have no plans to adopt a joint currency in the near future, Belarus' strongman leader has announced.

Speaking at a meeting with the head of Russia's central bank, Alexander Lukashenko said that introducing the Russian ruble in Belarus would not be "an easy process," and that the authorities in Minsk had no intentions so far of doing so.

When Russia invaded Ukraine, global companies were quick to respond, some announcing they would get out of Russia immediately, others curtailing imports or new investment.

Billions of dollars' worth of factories, energy holdings and power plants were written off or put up for sale, accompanied by fierce condemnation of the war and expressions of solidarity with Ukraine.

The Russian ruble reached a two-year high against the dollar and the euro today, mostly due to strict capital controls in the country and despite the announced next package of EU sanctions, Reuters reported, quoted by BTA.

In morning trading, the ruble rose 0.7 percent against the dollar to 68.62 rubles, its strongest position since June 2020.

The decision to pay for Russian gas in rubles was intended as a measure against sanctions imposed on Russia. This was explained by the economist Daniel Vassilev on Nova TV. According to him, the sanctions were aimed at destroying the ruble, Russia tried to increase its demand, with a solution that would increase its value.

The ruble will be introduced in the Russian-controlled Kherson region of Ukraine on May 1, a spokesman for the region's pro-Russian military-civil administration said.

As of April 1 “unfriendly countries” will have to pay for gas in rubles

Turkey and Russia signed an agreement to increase the use of local currencies -- Turkish Lira and Russian Ruble -- in bilateral trade, the Russian Finance Ministry announced on Oct. 8.

TASS, Vladivostok. Participants of the Eastern Economic Forum in Vladivostok signed 175 agreements for a total of 2.9 trillion rubles ($42.07 bln), Russian Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev told reporters on Thursday.