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
Rouble hits new lows as Russian rate hike fails to support
A sharp overnight rate hike failed to ease pressure on the rouble on Tuesday, as the market continued to test the central bank`s resolve to defend the currency and piled more pressure on Russia`s faltering economy.
Dec 16, 2014, 16:04 PM IST
Russia warns of recession next year
The forecast released by the economic development ministry Tuesday was the first acknowledgement that the Russian economy will contract in 2015.
Dec 02, 2014, 20:20 PM IST
Russian economy to shrink 0.8% in 2015: economy ministry
The Russian economy ministry slashed its economic forecast for 2015, announcing a contraction of 0.8 percent due to the pressure of Western sanctions over the Ukraine crisis and falling oil prices.
Dec 02, 2014, 18:17 PM IST
Russia loses $140 bn from sanctions, oil price
Energy minister Alexander Novak said on Friday that Russia was considering cutting its oil production in a bid to shore up prices.
Nov 24, 2014, 22:56 PM IST
Russian central bank sees growth slowing to just 0.4%
Russia`s central bank said Monday it saw the country`s growth rate slowing to just 0.4 percent this year, while warning it would raise rates further if needed to combat inflation.
Jun 16, 2014, 19:51 PM IST
