Russia’s central bank cut interest rates by 100 basis points on Friday, bringing the key rate down to 20% for the first time ...

Three months after the ruble's value fell to less than a U.S. penny amid the toughest economic sanctions imposed on a country in modern history, Russia's currency has mounted a stunning turnaround.

Russia's ruble is the top-performing currency of 2025 relative to the US dollar. Greenback weakness and Russian interest rates have strengthened the ruble. But a stronger currency could weigh on ...

Brendan Cole is a Newsweek Senior News Reporter based in London, UK. His focus is Russia and Ukraine, in particular the war started by Moscow. He also covers other areas of geopolitics including ...

A 200-year “biography of a currency,” the book positions the ruble as both an important ... and developing the modern toolkit of central banking, Russia managed domestic crisis by changing ...

Russia’s central bank halted all foreign currency purchases for the remainder of the year, while actively selling Chinese yuan, in hopes of propping up the ruble. The ruble—currently worth a ...

The Russian currency passed 101 rubles to the dollar Monday ... call with Putin Biden calls Trump’s pressure on Ukraine ‘modern-day appeasement’ in 1st post-presidential interview Letters ...

Russia's ruble fell further against the dollar in the aftermath of Wagner's mutiny attempt. The currency slipped to around 91 per US dollar, blowing past its optimal value range. The ruble has ...

With the purchasing power of the Russian ruble hitting ... if needed because "the regime needs money for the war now, not in some abstract future." "In modern Russian realities, the key interest ...