Rouble News

    2010 low for rouble against dollar

    The rouble has reached its lowest level against the dollar this year after the price of Russia's biggest export dropped below $73 a barrel. Crude fell $72.67 in New York, down from $75.95 at the close of Moscow's official currency trading yesterday.
    Having lost six per cent, Russia's Urals oil blend - a major driver [...]

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Tax drop and weak rouble fuel Gazprom profit rise

Russian energy giant Gazprom has revealed its profits surged 33 per cent between July and September 2009. Lower taxes and foreign exchange gains owing to a weakening of the rouble against the dollar have been credited with the rise.
Gazprom, which meets around a quarter of Europe's gas needs, said net profit for the third quarter [...]

Featured

PricewaterhouseCoopers expects Russian bad debt to rise

Consultants at PricewaterhouseCoopers (PwC) have revealed that they expect the level of subordinate loans in Russia to spike in 2009.

Central Bank

Rouble free float set for delay beyond 2011

Plans for a free float of the rouble are likely to be delayed after Russian policy-makers suggested the country's economy is not prepared for unrestricted currency trading. A research report from Citigroup Inc economists predicts that Russia's central bank will delay the free float beyond the official target of 2011.
The experts say Russia is likely [...]