Russia's currency woes will deepen, according to the Carnegie Endowment. Researchers at the think tank say the main factors driving the ruble's decline will persist. Russia has few options to prop up ...

(Bloomberg) -- Fresh US sanctions against Russian banks have caused a further slide in the ruble, putting at risk some of the last channels of direct foreign-currency flows into the country. The ruble ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. The plunging Russian currency, the ruble, has added to inflationary ...

Cryptocurrency mining has expanded to the point of influencing the Russian currency market and should be factored into its balance of payments, according to a representative of the Kremlin. The sector ...

Russian authorities are trying to stem panic over the ruble's sharp fall this week, with the central bank stepping in to suspend the currency in a situation, while Kremlin flagged an unnecessary ...

Since early December, the Russian ruble has continued to strengthen against global currencies: on Dec. 7, it reached a value of only 76 rubles for one U.S. dollar, a figure unseen since May 2023. It ...

Prefer Newsweek on Google to see more of our trusted coverage when you search. The plunging value of the Russian currency, the ruble, has caused exporters in China to suspend sales on Russia's ...

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U.S. Treasury sanctioned alleged Russian hacker Sergey Ivanov and Cryptex—a St. Vincent and Grenadines registered virtual currency exchange operating in Russia. Virtual currency exchanges allow people ...

Russia's central bank cut its key interest rate by 100 basis points to 20% on Friday, marking the first reduction in rates since 2022, the same year the country invaded neighbor Ukraine. "Current ...

Russia’s oil proceeds going to the state budget shrank by a fifth in September compared with a year earlier, following a drop in global crude prices and a strengthening of the nation’s currency. The ...