This was Dmitry Peskov's response at a briefing to a request to comment on the conclusions of Bank of America that the ruble has grown by more than 40% against the dollar and has become the most succe ...

"The key rate effect clearly manifested in two channels at once, the interest and the currency ones. High rates became one of main factors of ruble appreciation, and along with the demand cooldown it ...

Inflation in Russia hit 8.3% in the first quarter of the year, with the effects of the war in Ukraine continuing to be felt in the economy.

Our data shows the Tupolev Tu-95 “Bear” remains one of the least-expensive strategic bombers to deploy today, yet its price ...

With the US dollar tanking in value amid global market turmoil since the Trump administration unveiled a massive tariffs package, the Russian ruble has risen sharply. This means migrants in Russia ...

Brendan Cole is a Newsweek Senior News Reporter based in London, UK. His focus is Russia and Ukraine, in particular the war started by Moscow. He also covers other areas of geopolitics including ...

The ruble has tumbled 9% against the dollar since Nov. 21, when the U.S. sanctioned some 50 Russian banks, including Gazprombank, which has emerged as a top linchpin for Russia in currency markets.

Brendan Cole is a Newsweek Senior News Reporter based in London, UK. His focus is Russia and Ukraine, in particular the war started by Moscow. He also covers other areas of geopolitics including ...

Russian officials claim that the national economy is flourishing, with a GDP growth rate of 4.6% in the first half of 2024. But a closer look at the numbers indicate that there might be trouble on ...

Russia's central bank halted the circulation of a new 1,000 ruble note Wednesday after Orthodox priests complained that the image of a church dome lacked a cross, even though it does not have one ...

The ruble gained against the U.S. dollar on Thursday after Russian President Vladimir Putin moved to reintroduce currency controls in an effort to salvage his nation's tumbling currency.

REUTERS/Ilya NaymushinAn employee counts Russian ruble banknotes at a private company's office in Krasnoyarsk, Siberia, December 17, 2014 The Russian ruble fell past the 100-per-dollar threshold ...