“There is no turning back now,” – in Russia the ruble exchange rate has again fallen below 100 per euro

“There is no turning back now,” – in Russia the ruble exchange rate has again fallen below 100 per euro

The ruble exchange rate is again under pressure from the economy and has begun to fall against the euro and dollar. Today in Russia the euro exchange rate has again exceeded the 100-ruble mark, and the dollar is also growing. Russian economic analyst Anatoly Nesmiyan notes, that perhaps we are talking about technical factors, however, … Read more

Controversy Surrounding New Russian 100 Ruble Banknote Design

A new 100 ruble banknote has entered Russian circulation, on which the regions of the 4 occupied regions of Ukraine are not included in the Russian Federation. A new scandal has erupted in Russia related to the design of a new 100-ruble banknote. Russian Z-patriots are outraged that on the reverse side of the bill … Read more

Challenges Faced by Businesses with Mandatory Sale of Export Proceeds under New Mechanism

Challenges Faced by Businesses with Mandatory Sale of Export Proceeds under New Mechanism

Businesses have encountered difficulties with the mandatory sale of export proceeds under a new mechanism launched in October by presidential decree. The key question is how to deal with rubles that come from buyers to foreign accounts. Now the rules are interpreted in such a way that exporters need to exchange at least part of … Read more

The Fall in the Dollar Exchange Rate in Russia: Expert Predicts Return to 100 Rubles

The fall in the dollar exchange rate in the Russian Federation below 93 rubles is a short-term effect caused by the “squeezing” of currency from oil workers, assures Igor Lipsits. Soon the dollar exchange rate in Russia will again break the psychological mark of 100 rubles. The Central Bank’s desperate measure of raising the key … Read more

Controversy Erupts in Russia Over New Banknote Design featuring Muslim Symbol

Controversy Erupts in Russia Over New Banknote Design featuring Muslim Symbol

A scandal erupted in Russia over the design of the new 1,000 and 5,000 ruble banknotes, on which the designers replaced the crosses with a crescent. Today, the Russian Central Bank introduced new, “modernized” banknotes for 1000 and 5000 rubles, which caused a loud scandal in Russia. It turned out that the artists removed all … Read more

The Russian Ruble Continues to Fall: Lowest Level in a Year and a Half

The Russian ruble continues to fall and this morning fell against the dollar to its lowest level in a year and a half. In Russia, the ruble continues to fall against the dollar and euro. The European and American currencies are rising at the opening of the Moscow Exchange after the opening of trading on … Read more

Russian Government Acknowledges Inability to Strengthen Ruble, Revises Exchange Rate Forecast

The Russian government has changed its forecasts for the ruble, admitting its powerlessness to strengthen the Russian currency. A sharp increase in the key rate by the Central Bank of the Russian Federation (from 8.5% to 12%) did not lead to a strengthening of the ruble. The maximum that was achieved was to stop the … Read more

The Collapse of the Ruble: Predicted Sharp Rise in Prices for Russians

The collapse of the ruble in the near future will cause a sharp rise in prices for Russians for a large group of goods and services. Russia expects a sharp jump in inflation due to the collapse of the ruble, which since the beginning of the year has entered the top three worst currencies in … Read more

Jannik Sinner Advances to Quarterfinals at Wimbledon: Italian Tennis Player’s Impressive Win

Jannik Sinner Advances to Quarterfinals at Wimbledon: Italian Tennis Player’s Impressive Win

Italian tennis player Jannik Sinner advanced to the quarterfinals of the singles at the Grand Slam tournament in Wimbledon. TASR, Pravda 07/09/2023 18:45, updated: 07/10/2023 00:00 Foto: SITA/AP, Kirsty Wigglesworth Andrej Rubľov celebrates advancing to the Wimbledon quarterfinals. In Sunday’s round of 16 meeting, as the eighth seed, he dealt with Daniel Elahi Galan from … Read more

Sollers to Invest 2.2 Billion Rubles in Launching Production of Automobile Diesel Engines in Tatarstan

Company “Sollers» (owns the brand UAZ) is investing 2.2 billion rubles in the launch of the production of automobile diesel engines with a volume of 2-2.7 liters at its site in the Alabuga SEZ in Tatarstan. This was announced on June 7 by the press service of the company. The automaker attracted a concessional loan … Read more