Ruble (Currency) – Page 3

Russia’s Economic Outlook Grows ‘Especially Gloomy’ as Prices Soar

The government has brought stability for now through extreme measures, but forecasters are expecting continued severe inflation and a deep downturn.

Elvira Nabiullina, Head of the Central Bank, Is Guiding Russia’s Economy

Elvira Nabiullina got another five-year term as head of Russia’s central bank after quelling the initial market panic over the invasion of Ukraine.

Bleak Assessments of Russian Economy Contradict Putin’s Rosy Claims

While Vladimir V. Putin boasts that Russia is holding up under Western sanctions, his central bank chief and the mayor of Moscow warned that the worst is yet to come.

Russia Cuts Interest Rates to 17 Percent as Ruble Recovers

The unscheduled rate change came after the ruble had regained most of its losses since Russia invaded Ukraine.

U.S. blocks Russia’s access to dollars for bond payments, heightening risk of default.

The U.S. Treasury tightened its restrictions on Russian financial transactions on Monday, when more than half a billion dollars in bond payments were due.