Ukraine Russia Conflict: The economic situation in Russia is not good, the Central Bank of Russia claimed
According to the Russian Central Bank, Russia's banking system is facing a severe cash crunch, the cash shortage has reached 7 trillion rubles.
Mar 03, 2022, 10:10 AM IST
Russia's desperate attempt to shore up plummeting Ruble, here's what it is doing
Russia's Central Bank also ordered a slew of measures to help the banks cope with the crisis by infusing more cash into the system and easing restrictions for banking operations.
Feb 28, 2022, 16:53 PM IST
Russia-Ukraine war: Indian exports worth $500 mn face uncertainty over credit guarantee withdrawal
According to official data, India’s mercantile exports to Russia in 2021 were worth $3.3 billion, and its imports were valued at $8.5 billion, including petroleum and petroleum products worth $4.5 billion. India exports pharmaceuticals, telecom equipment, marine products, automobile components and tea to Russia.
Feb 28, 2022, 13:33 PM IST
Ruble hits record low, Euro skids as Russia attacks Ukraine
Riskier commodity-linked currencies like the Australian dollar also tanked as Ukraine said Russia had launched a full-scale invasion.
Feb 24, 2022, 14:20 PM IST
Ruble hits all-time low, past 80.1 against dollar
The ruble hit a historic low on Wednesday as the dollar climbed past the 80.1 rubles level for the first time, exceeding the levels seen during the dramatic plunge of the Russian currency in December 2014.
Jan 20, 2016, 17:53 PM IST
Weak ruble helps Gazprom second-quarter profits
The Russian gas behemoth Gazprom announced Monday second-quarter net profit of 293.8 billion rubles, an increase of 29 percent over a year earlier, thanks to a weak ruble.
Sep 01, 2015, 04:39 AM IST
Russia's ruble, stocks drop on Moody's downgrade
Russia's ruble and stock market dropped sharply on Tuesday in response to a recent slide in the price of oil and a downgrade to "junk" status of its sovereign debt by Moody`s.
Feb 24, 2015, 18:29 PM IST
Russia's central bank makes surprise interest rate cut
The announcement to slash its key interest rate to 15 percent from 17 percent marked the first cut since December 2011.
Jan 30, 2015, 22:32 PM IST
Adidas says profits hit by falling ruble, divestment
Adidas, the German maker of sportswear and equipment, said Friday it met its 2014 targets, but earnings were hit by special factors such as the falling ruble and the sale of its Rockport brand.
Jan 23, 2015, 15:19 PM IST
Russian central bank sold $76 bn to prop up ruble in 2014: Data
The ruble`s fall plus Russian sanctions on most Western food imports led to price rises of 11.4 percent in 2014.
Jan 12, 2015, 15:58 PM IST
Sanction-hit Russian state bank VTB receives $1.8 bn aid
Russia`s second largest bank VTB said Tuesday it has received 100 billion rubles ($1.8 billion) from the country`s national welfare fund, part of a plan to recapitalise the banking system hit by the falling ruble and Western sanctions.
Dec 30, 2014, 22:48 PM IST
Russian economy suffers first major contraction since 2009
Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis.
Dec 29, 2014, 16:34 PM IST
Ruble fall creates turbulence for Russian airlines
Their international competitors may be cheering tumbling oil prices, but the collapse in the ruble has meant major financial turbulence for Russian airlines who have expenses in foreign currencies.
Dec 28, 2014, 10:22 AM IST
Moscow set to subsidise struggling ruble-hit airlines
Moscow is to set to step in to support troubled Russian airlines badly hit by the collapse of the ruble and falling passenger numbers.
Dec 22, 2014, 21:33 PM IST
Ruble steady in Asia after Russia measures to halt collapse
The struggling Russian unit was at 61.59 to the dollar after plunging to 80 earlier in the week, and at 74.21 against the euro after previously hitting 100.
Dec 18, 2014, 12:19 PM IST
Russian economy faces 5% contraction: IIF economist
The sharp fall in oil prices and Western sanctions could combine to drive a five percent contraction of the Russian economy next year, an economist warned Wednesday.
Dec 17, 2014, 23:03 PM IST
Russia spends billions to prop up ruble
Russia stepped up its defence of the ruble on Wednesday as it sought to halt a run on the currency and stem the worst financial crisis of President Vladimir Putin`s 15 years in power.
Dec 17, 2014, 23:01 PM IST
Ruble collapse buffets Asian carmakers' big Russia bets
Asian carmakers who bet big on expanding in Russia face a test of their commitment to a market they once hoped was set to surpass Germany`s by size as the rouble plunges and auto sales skid.
Dec 17, 2014, 18:50 PM IST
German business warns ruble plunge will 'affect us all'
A German business group Wednesday cautioned against "Schadenfreude" over Russia`s currency woes, predicting a 20-percent drop in German exports to the country this year and the risk of worse to come.
Dec 17, 2014, 18:16 PM IST
Russia finance ministry selling reserves to support ruble
Russia`s finance ministry is selling its foreign currency to support the ruble, a spokeswoman told AFP on Wednesday.
Dec 17, 2014, 15:08 PM IST
