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Putin breaks silence on rouble problems this week

Belarussian President Alexander Lukashenko has demanded that Belarus's transactions with Russia be settled in dollars or euros because of the slump in the value of Russia's ruble.

German Finance Minister Wolfgang Schaeuble said Wednesday that Europe had no choice but to keep up pressure on Russia over the Ukraine crisis via sanctions, though the door remained open to dialogue.

Western sanctions over Russia's role in the Ukraine crisis are likely to last "for a very long time," possibly decades, Economy Minister Alexei Ulyukayev told Vedomosti newspaper.

Russian President Vladimir Putin will address the media at his annual press conference Thursday as the country faces a crisis that evokes memories of the post-Soviet dystopia of 1998. Sanctions imposed by the U.S. and Europe after Putin’s invasion of Crimea and the tumbling price of oil have pushed Russia’s ...

The country’s Finance Ministry said it was prepared to sell as much as $7 billion of its foreign currency reserves to support the ruble, which an official called “extremely undervalued.”

Sofferenze concentrate su imprese che hanno puntato su Mosca

Massive fluctuations in the value of the ruble on Tuesday have prompted retailers to make emergency price revisions or even suspend sales in Russia until the crisis cools.

Well, that escalated quickly.It didn't take long for Russia to go from having a reasonable facsimile of an economy to having none at all. Not when oil prices have fallen 50 percent the past few months. That's because Russia never so much had an economy as an oil-exporting business that subsidized ...

Apple Inc has suspended online sales of its products in Russia while it mulls its response to the dramatic fall in the value of the ruble, a news report said Wednesday.

Russia’s suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Japan, China, Europe and Latin America already ailing, fresh threats have emerged from Russia’s shriveled currency, its move to dramatically boost interest rates, the damage from plummeting oil prices and ...

Tech giant closes online store as Russian rouble extends rout.

The possible implementation of capital controls in Russia came a step closer Tuesday as the authorities appeared to be running out of options to stem the country's dramatic currency collapse.

A funny thing happened on the way to Vladimir Putin running strategic laps around the West. Russia's economy imploded.The latest news is that Russia's central bank raised interest rates from 10.5 to 17 percent at an emergency 1 a.m. meeting in an attempt to stop the ruble, which is down 50 ...

The loss of foreign travelers is posing a thorny problem for Moscow hotels, whose livelihood depends on a steady stream of foreign tourists and businesspeople, the Vedomosti newspaper reported.

The elite property market in Moscow is booming this year with more than $1 billion in sales as new offerings and the ruble's slide against the dollar spur wealthy Russians to safeguard their earnings in real estate.

Russia's Central Bank said Monday that it was likely the economy would contract in the first quarter of next year and perhaps by around 4.5 percent in 2015 as a whole if oil prices average $60 a barrel.

Moving closer to the European Union offers no panacea for Ukraine's financial problems and will mean big losses in economic ties with Moscow, Prime Minister Dmitry Medvedev said in an article published Monday.

Russia's oligarchs are no strangers to misfortune, asset grabs, forced investments and financial crises.

The Russian economy will shrink by 0.7 per cent in 2015 according to The World Bank.