The Russian ruble extended its decline today, losing a quarter of its value since August. It now takes more than 113 rubles to purchase one U.S. dollar.
Rouble Falls to Three-Month Low Following Ukraine Attack
The rouble fell to its lowest level since late May after Kyiv launched its largest incursion into Russian territory since the war began in 2022.
Putin plans tax increases to support Russia’s faltering military efforts.
Vladimir Putin is reportedly considering significant tax increases for Russians as the Moscow government struggles to secure sufficient funds for its military operations in Ukraine.
Russia’s revenue from oil and gas decreased by 24% in 2023.
In 2023, Russia’s federal budget saw a 24% decrease in income from oil and gas, totalling 8.822 trillion roubles ($99.4 billion), as reported by the finance ministry on Thursday.
Vladimir Putin has made it harder for western companies to exit Russia
Putin is taking swift action to stabilize the rouble by implementing restrictions on Western businesses. In a bid to bolster the faltering rouble, Vladimir Putin has intensified the challenges for
Russia hikes interest rates to 15pc – Rouble jumps to six-week high
Russia has raised its interest rates to 15%, intensifying its efforts to combat inflation amid labour shortages and a depreciating ruble.
Russian rouble hits 18-month low – Middle East conflict
The rouble has dropped to its lowest level in over 18 months against the dollar, influenced by the ongoing crisis between Israel and Gaza.
Russian rouble sinks as Vladimir Putin’s regime is hit by falling oil prices
The Russian rouble has declined beyond 101 against the dollar, reaching its lowest point since August due to plummeting oil prices affecting Putin’s administration.
The Russian rouble weakened near 100 to the dollar
The Russian rouble dipped beyond the notable mark of 100 per dollar, but rebounded slightly during early transactions, as Moscow grapples with a diminishing current account surplus.
Oil prices surge as Saudi Arabia prolongs production reductions.
The price of oil saw a significant rise following Saudi Arabia’s decision to extend its voluntary oil production cut of 1 million barrels per day until the year’s end, as
Oil prices remain close to 10-month peaks following Saudi production reductions.
Oil prices remain near their 10-month peak, with recent data showing that Saudi Arabian supply reductions have balanced out the increased production from countries like Iran.
Vladimir Putin to force Russian companies to buy plummeting rouble
Vladimir Putin is scheduled to convene with top financial officials as the Kremlin contemplates mandating companies to purchase roubles using their foreign earnings in an effort to stabilize Russia’s declining