The agency stresses that the ruble’s gains "result from a series of measures taken by the government to defend the battered currency in the aftermath of Western sanctions" NEW YORK, May 12. /TASS/.

Russia's ruble has fallen a long way in recent months, and the country’s central bank has stepped in to try to halt the slide. Until now, the government stood aside as the declining ruble helped its ...

Russia's ruble is now worth less than 1 cent, its lowest value since Western nations imposed crippling sanctions on the country in response to its invasion of Ukraine. On Monday, the Russian currency ...

Prefer Newsweek on Google to see more of our trusted coverage when you search. Russia's Central Bank has hiked interest rates at its first emergency meeting since the start of Moscow's full-scale ...

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© 2026 Forbes Media LLC. All rights reserved.

While we were all panicking about Ebola and the Democrats' getting schooled in the midterms, the bottom dropped out of the Russian economy. The ruble has been nosediving for weeks, despite the fact ...

The ruble has come off its lows from earlier in the week after the central bank halted all foreign currency purchases for the remainder of the year, but it remains battered—and resources for ...