Last Updated: Tuesday, September 1, 2015, 04:39
The Russian gas behemoth Gazprom announced Monday second-quarter net profit of 293.8 billion rubles, an increase of 29 percent over a year earlier, thanks to a weak ruble.
Last Updated: Tuesday, February 24, 2015, 18:29
Russia's ruble and stock market dropped sharply on Tuesday in response to a recent slide in the price of oil and a downgrade to "junk" status of its sovereign debt by Moody`s.
Last Updated: Saturday, January 31, 2015, 22:16
Russia`s economy minister Alexei Ulyukayev on Saturday forecast GDP to fall by three percent in 2015 on the back of a collapse in oil prices and a massive capital flight.
Last Updated: Friday, January 30, 2015, 22:32
The announcement to slash its key interest rate to 15 percent from 17 percent marked the first cut since December 2011.
Last Updated: Wednesday, January 28, 2015, 00:16
Moscow said S&P`s downgrade to `BB+` was motivated by the West`s current standoff with Russia over Ukraine.
Last Updated: Friday, January 23, 2015, 15:19
Adidas, the German maker of sportswear and equipment, said Friday it met its 2014 targets, but earnings were hit by special factors such as the falling ruble and the sale of its Rockport brand.
Last Updated: Tuesday, January 13, 2015, 20:49
The Russian ruble on Tuesday plunged by around 5 percent against the dollar as global oil prices tumbled towards a six-year low.
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: 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.
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