The combination of sliding oil prices and stiffening sanctions has contributed to an alarming plunge in Russia’s ruble and the government’s options for responding are dwindling, says CFR Senior Fellow ...

While Russia's economy has faced significant turmoil due to heavy war-related sanctions, the country's currency has not suffered. The Russian ruble has grown significantly and is up 45% against the ...

The ruble has jumped nearly 40% against the U.S. dollar this year, making it the best-performing currency in the world so far in 2025, according to Bank of America. On Tuesday, the Central Bank of ...

Cryptocurrency mining is one of the factors contributing for a stronger ruble lately, the head of the Bank of Russia has acknowledged. The statement confirms the claim of a Kremlin official, who ...

In the ecosystem of blockchain and cryptocurrency, a new entity has emerged and is making a significant impact: A7A5, a Russian ruble-pegged stablecoin that has gained traction, now reportedly ...

Russian state-owned manufacturing conglomerate Rostec, best known for its role in the country’s military-industrial complex, plans to roll out a ruble-pegged token called RUBx alongside a payment hub ...

While Tether’s USDT has become a key asset for Russia to evade Western sanctions imposed after the Ukraine invasion in 2022, transactions with the ruble-pegged stablecoin A7A5 surpassed $100 billion.

Russia's oil revenue in June slumped to a two-year low as global crude prices fell and the ruble strengthened. Russia’s oil revenue in June slumped to a two-year low as global crude prices fell and ...

Russian producers paid 494.9 billion rubles ($6.18 billion) in oil taxes last month, down 48 percent year on year, according to Bloomberg calculations based on Finance Ministry data released Friday.