Rouble News

    Rouble recovers upward trend

    The rouble continued on its upward trend today, recovering the losses of Monday, as oil prices and stock values strengthened and exporters prepared to make rouble tax payments. At 6.30am GMT, the rouble had strengthened by 8 kopecks to reach 33.67 against the euro-dollar basket, nearing the 16-month high of 33.60 that it hit last […]

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  • Rouble recovers upward trend
  • Rouble is steady
  • Rouble hits fresh high on Monday
  • Rouble falls after Moscow blasts
  • Rouble at fresh high
  • Oil price increase helps rouble recovery
  • Russia moves rouble trading band for 20th time
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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 […]

    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.

    Russian central bank announces rate cut

    The Russian Central Bank (CBR) today announced a cut of 25 basis points in its refinancing rate, bringing the rate down to 8.50%. The CBR hopes to stimulate growth in the economy with this monetary policy easing. The strength of the rouble has been helping to keep inflation down and there is a small upside […]