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Russia says it will halt foreign currency purchases and launch a digital ruble to keep the currency from spiraling further

Thu, 08/10/2023 - 12:01

Putin — Russian President Vladimir Putin
Pavel Golovkin/AP Photo

Markets, Russian Economy, Russia, russia ukraine war, Ruble, Russian Ruble, Currency Wars

Top banks made $6 billion trading the ruble last year amid Western exodus from Russia, report says

Wed, 08/02/2023 - 10:58

russia ruble — Shutterstock

Markets, MI Exclusive, Ruble, Wall Street, Russia, Ukraine War, russia exodus

Russian inflation is raging at 60%, not the reported 3.6%, thanks to the ruble's 'freefall', top economist Steve Hanke says

Mon, 07/24/2023 - 06:02

Russian President Vladimir Putin sitting in a chair in front of a Russian flag. — Russian President Vladimir Putin in Moscow, Russia on March 30, 2023.
Gavriil Grigorov/Sputnik, Kremlin Pool Photo via AP

Markets, MI Exclusive, Russia, Vladimir Putin, russia economy, Ruble, Inflation

Russia plans a digital version of the ruble after an 19% slide against the dollar this year

Wed, 07/19/2023 - 08:33

russia ruble — Shutterstock

Markets, MI Exclusive, Russia, Ruble, Ukraine, Currency, Trade

Russia says there's a problem with billions of rupees it has in India that need to be converted

Fri, 05/05/2023 - 13:44

Tech Insider : Economy

India Rupee Man — A worker at a fuel station checks a 500 Indian rupee note after filing a vehicle with fuel in Kolkata February 3, 2011.
REUTERS/Rupak De Chowdhuri

Markets, MI Exclusive, Rupee, Russia, Sanctions, Trade Surplus, Currency

Russia and India reportedly halt talks over using rupees for trade, with Moscow preferring to be paid in Chinese yuan

Thu, 05/04/2023 - 10:30

A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India. — A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.
Dhiraj Singh/Bloomberg

Markets, MI Exclusive, Russia, India, Currencies, Ruble, Rupee

Russian sales of weapons to India are being held up by a dispute over which currency to use

Mon, 04/24/2023 - 12:44

Russian Sukhoi SU-30 SM military aircraft perform during the MAKS-2017 International Aviation and Space Salon in Zhukovsky, Moscow Region, Russia, on July 19, 2017. — Russian-made Sukhoi Su-30 fighter jet.
Sefa Karacan/Anadolu Agency/Getty Images

Markets, MI Exclusive, weapons sales, Russia, India, Ukraine War, Russian Sanctions

Russia's economy is hurting - and a new wave of EU sanctions aimed at crippling its 'war machine' are coming. Here are 6 key developments in the past week.

Sun, 04/16/2023 - 06:45

Russian President Vladimir Putin in Moscow, Russia on March 30, 2023. — Russian President Vladimir Putin.
Gavriil Grigorov/Sputnik, Kremlin Pool Photo via AP

Markets, MI Exclusive, Vladamir Putin, Russia, Russian Economy, Ruble, Currency

Russia's economy continues to reel as energy revenue and the ruble weaken

Tue, 04/11/2023 - 09:19

Russian President Vladimir Putin — Russian President Vladimir Putin.
Mikhail Klimentyev/AP

Markets, MI Exclusive, Russia, Ukraine, Ukraine War, Invasion, Russian Economy

The Russian ruble is at its lowest level in a year on speculation Shell is going to repatriate $1 billion of recent earnings

Thu, 04/06/2023 - 12:49

Russian President Vladimir Putin. — Russian President Vladimir Putin.
ILYA PITALEV/SPUTNIK/AFP via Getty Images

Markets, MI Exclusive, Russia, Ukraine, Ruble, ftx, Shell

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