Last Updated: Monday, December 22, 2014, 21:33
Moscow is to set to step in to support troubled Russian airlines badly hit by the collapse of the ruble and falling passenger numbers.
Last Updated: Friday, December 19, 2014, 22:42
Belarussians were in a panic on Friday over the Russian ruble`s plunge, rushing to convert their savings to dollars and euros as they fear a devaluation of their currency.
Last Updated: Thursday, December 18, 2014, 12:19
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.
Last Updated: Wednesday, December 17, 2014, 23:03
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.
Last Updated: Wednesday, December 17, 2014, 23:01
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.
Last Updated: Wednesday, December 17, 2014, 18:50
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.
Last Updated: Wednesday, December 17, 2014, 18:16
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.
Last Updated: Wednesday, December 17, 2014, 15:08
Russia`s finance ministry is selling its foreign currency to support the ruble, a spokeswoman told AFP on Wednesday.
Last Updated: Wednesday, December 17, 2014, 13:18
Russia scrambled Wednesday to halt a run on the ruble, selling billions of reserves to prop up the currency in the worst economic crisis of President Vladimir Putin`s 15 years in power.
Last Updated: Tuesday, December 16, 2014, 09:49
The Russian central bank early Tuesday announced a dramatic hike of its key interest rate from 10.5 to 17 percent after the ruble plunged to a fresh record low.
Last Updated: Thursday, December 11, 2014, 19:16
The rate hike from 9.5 percent to 10.5 percent was the second since late October, and the bank said further raises will follow "in case of further aggravation of inflation risks."
Last Updated: Tuesday, December 9, 2014, 23:15
The World Bank announced a gloomier economic forecast for Russia on Tuesday as the ruble fell despite the central bank saying it had spent billions last week to prop it up.
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