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MOSCOW, Aug 14, 2023 (AFP) – The Russian central bank said it would meet on Tuesday to discuss its key rate, after the ruble slid past 100 against the dollar Monday, its lowest level in over sixteen months. The ruble has shed around 30 percent of its value against the dollar since the beginning of the year, as the country grapples with a drop in export revenues, rising imports and higher military spending. The central […]
NEW YORK, June 26, 2023 (AFP) — The ruble reached a 14-month low against the dollar on Monday while US and European markets mostly retreated after a short-lived mutiny in Russia stoked concerns about the nuclear-armed country’s stability. While the advance by the Wagner mercenary force led by Yevgeny Prigozhin was called off before it reached Moscow, analysts said the rebellion showed President Vladimir Putin’s grip on power was more fragile than previously thought. While […]
MOSCOW, Russia (AFP) –Russia reiterated Tuesday that it will only be accepting payment for gas deliveries to the EU in rubles after G7 ministers called this arrangement “unacceptable”. “Nobody will supply gas for free. This is just impossible. And it can only be paid for in rubles,” Kremlin spokesman Dmitry Peskov told reporters. “Companies must understand the completely changed environment that has arisen in the conditions of the economic war waged against Russia,” he […]
MOSCOW, Russia (AFP) – The Russian space agency said Wednesday it will insist its international partners pay it in rubles, after President Vladimir Putin said Russia will only accept ruble payments for gas deliveries to “unfriendly countries”. “We will also conclude all our external agreements in rubles,” the Roscosmos space agency head Dmitry Rogozin was quoted as saying by the official Tass news agency. Hours earlier Putin announced that only rubles will be accepted in […]
