The Russian ruble has staged a stunning rally in 2025, emerging as the world's top-performing currency so far this year.

Even as Russia marks a historic default on its debt, the nation's currency is gaining strength. The ruble hit a new high against the dollar this week, continuing its streak as the best-performing ...

That comes after the value of the ruble cratered following Russia’s invasion of Ukraine and was at one point worth less than a penny. After Russia invaded Ukraine in February, the U.S. and ...

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...

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

The Russian ruble has rebounded from crippling economic sanctions imposed on Moscow following the invasion of Ukraine and is now at its strongest in more than seven years — earning it the ...

Russia has reimposed some of the capital controls it introduced in the wake of its full-scale invasion of Ukraine in a new attempt to prop up the ruble as the cost of war weighs heavily on the ...

The ruble has tumbled 9% against the dollar since Nov. 21, when the U.S. sanctioned some 50 Russian banks, including Gazprombank, which has emerged as a top linchpin for Russia in currency markets.

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 ...

Russia's ruble has fallen a long way in recent months, and the country’s central bank has stepped in to try to halt the slide. Until now, the government stood aside as the declining ruble helped ...