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
The Rouble has declined to its weakest level against the dollar in 16 months.
The rouble has plunged to its weakest point against the dollar in 16 months, driven by increased Russian military expenditures and a stark drop in export earnings. These factors exacerbate
Global oil demand will grow this year, says Russian Deputy Prime Minister Alexander Novak
Alexander Novak, the Russian Deputy Prime Minister, stated that global oil demand is projected to increase by 2.4 million barrels daily this year, which in his view, will keep the
The Russian rouble reaches its lowest level since the onset of Putin’s conflict in Ukraine.
The Russian rouble dropped against the US dollar to its lowest level since the first month of the war in Ukraine.
Russian economy takes the biggest hit since Cold War
The GDP will plummet by 14%, which is a much greater collapse than Russia’s financial crisis or the pandemic of the late 1990s.
Russia is due to make an important $117 million bond payment next week
Next week will be a much clearer picture of the cost of Russia’s invasion of Ukraine. There is a likely sovereign default, additional emergency central bank measures, and the possibility
Russia invades Ukraine: Stocks fall, oil rises to $100
After Russian President Vladimir Putin’s invasion of Ukraine, oil prices soared above $100 per barrel for the first time since 2014. Stock markets plummeted and the rouble fell to a