Last Updated: Monday, January 12, 2015, 15:58
The ruble`s fall plus Russian sanctions on most Western food imports led to price rises of 11.4 percent in 2014.
Last Updated: Tuesday, December 30, 2014, 22:48
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.
Last Updated: Monday, December 29, 2014, 16:34
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.
Last Updated: Sunday, December 28, 2014, 10:22
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.
Last Updated: Friday, December 26, 2014, 19:50
Finance Minister Anton Siluanov said on Friday Russia`s economy could suffer a 4-percent contraction next year and see a budget deficit of 3 percent.
Last Updated: Wednesday, December 24, 2014, 20:06
Russian inflation has climbed into double digits -- hitting 10.4 percent, data released Wednesday showed, indicating that prices could be growing faster than expected due to the depreciating ruble.
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, 16:20
President Vladimir Putin on Thursday sought to allay fears over the worst financial crisis of his 15-year-rule, saying the Russian economy would rebound in two years at most.
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.
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