| 单词 | ruble |
| 例句 | She was already earning the rubles in her pocket. Anya and the Dragon 2019-09-24T00:00:00Z He reached into a pocket and pulled out a handful of rubles. Anya and the Dragon 2019-09-24T00:00:00Z “It’s very complex. You wouldn’t understand. And in the meantime, your taxes have been unpaid. There are fines for not paying. You owe five hundred rubles now.” Anya and the Dragon 2019-09-24T00:00:00Z I took the writing tablet, the case of pens and pencils and the bundle of rubles off my desk and placed them amongst the heap of items we had thrown into my case. Between Shades of Gray 2011-03-22T00:00:00Z It was a little bigger than the pouch with rubles. Anya and the Nightingale 2020-11-10T00:00:00Z Inside were several items she had traded onions or rubles for, and among them, new candles. Anya and the Dragon 2019-09-24T00:00:00Z “Second,” said Mother, “we sign that we agree to pay a war tax of two hundred rubles per person, children included.” Between Shades of Gray 2011-03-22T00:00:00Z The magistrate wanted two hundred and fifty rubles in thirty days. Anya and the Dragon 2019-09-24T00:00:00Z Anya hadn’t—she didn’t have any money to bring— but Ivan said, “I brought about twenty rubles. It was all I had.” Anya and the Nightingale 2020-11-10T00:00:00Z The entire village together didn’t have five hundred rubles. Anya and the Dragon 2019-09-24T00:00:00Z He was willing to spend Russian rubles, and sell Soviet arms, to make allies among the world's developing nations. Spies: The Secret Showdown Between America and Russia 2019-10-01T00:00:00Z Mother pulled a bundle of rubles from her pocket and exposed it slightly to the officer. Between Shades of Gray 2011-03-22T00:00:00Z A loaf of fresh bread had appeared on my windowsill, a large wad of rubles tucked under the edge. Between Shades of Gray 2011-03-22T00:00:00Z As before, it contained messages and equipment for TRIGON, as well as a roll of rubles. Spies: The Secret Showdown Between America and Russia 2019-10-01T00:00:00Z The CIA stashed rubles, gold coins, and even jewelry in the emergency kit for pilots to bargain with in case they were captured. Spies: The Secret Showdown Between America and Russia 2019-10-01T00:00:00Z Anya took the rubles and slipped them into her pocket, the weight there somehow even heavier than the horseshoes from earlier. Anya and the Dragon 2019-09-24T00:00:00Z He carried two shopping bags for Tolkachev, filled with ruble notes, cameras, and special drafting pens and books for Tolkachev's son, an architecture student in Moscow. Spies: The Secret Showdown Between America and Russia 2019-10-01T00:00:00Z She’d still earn ten rubles per day as she “helped,” and if she could drag that out long enough, she could make enough money to save her farm. Anya and the Dragon 2019-09-24T00:00:00Z Inside was a small cloth square wrapped around a handful of rubles. Anya and the Nightingale 2020-11-10T00:00:00Z “Where are we to get two hundred rubles?” said the bald man. Between Shades of Gray 2011-03-22T00:00:00Z She blurted, “I want five hundred rubles if we catch it.” Anya and the Dragon 2019-09-24T00:00:00Z As workers would stream out of a factory or whatever, all with their vouchers, his people would be there with a few rubles saying, "I'll buy your voucher." Alex Gibney on "Citizen K": Real-life thriller of an oligarch who turned against Vladimir Putin 2020-01-18T05:00:00Z Hiring a mountain guide costs 6,000 rubles a person per day, or 2,500 rubles a person for a group of three. A Test Run at Russia’s Olympic Hopeful 2013-12-20T16:51:32Z He and his associates are now accused of stealing the ruble equivalent of $2.3 million. Russian Theater Director’s House Arrest Is Extended 2018-01-16T05:00:00Z It was abandoned at the time, so the villagers decided to take part in a unique side hustle by selling the house of worship to a businessman to the tune of one ruble per brick. 17 of the Most Unusual Heists in History 2021-12-13T05:00:00Z In 2014, she stirred controversy when she made the donation of a million rubles — then roughly $18,500 — to the opera house in Donetsk. The Netrebko Question 2022-06-22T04:00:00Z I paid just 160 rubles for a tender, flaky croissant and a very decent latte. A $1,000 Day in Moscow for $100 2016-07-26T04:00:00Z Ms. Netrebko made the donation on Sunday in St. Petersburg, giving a check for a million rubles — roughly $18,500 — for the opera house in Donetsk. Donation to Ukrainian Opera House Puts Netrebko in a Political Spotlight 2014-12-09T05:00:00Z It doubled its price in rubles, but the dollar price increased by about a buck. Fall of Ruble Benefits Tourists to Russia 2015-04-21T04:00:00Z Financial turmoil in China, lower prices for commodities and a weak ruble have had an impact. Sotheby’s and Christie’s Jostle for Sales 2015-08-14T04:00:00Z The price for two with the local medovukha, a slightly alcoholic drink made from honey, was 1,200 rubles. Driving Russia’s Revived Golden Ring 2012-08-31T19:01:44Z For 4,000 rubles, visitors can enjoy — as I did the following evening — an hourlong private cruise, sipping wine and gazing at sites like the landmark Mariinsky Theater on the Kryukov canal. White Nights of St. Petersburg, Russia 2011-06-03T19:03:09Z Sessions of an hour and 20 minutes are 250 to 500 rubles depending on day and time. Moscow in the Winter, Alive and Illuminated 2011-11-25T06:01:08Z They gave me a medal and one thousand rubles. The Cruel Irony of “The Americans” 2016-03-16T04:00:00Z A set brunch costs a mere 500 rubles. 36 Hours in Moscow 2010-09-30T20:40:00Z A befanged femme fatale assists with the abracadabra, which also produces a blizzard of rubles and, for the ladies, glitzy dresses. Review | Comedy, romance, satanic menace and a talking cat in Constellation’s ‘The Master and Margarita’ 2019-02-06T05:00:00Z Prices for food and drinks are reasonable with a dinner for two, plus wine and great cocktails costing about 4,000 rubles. 36 Hours in Moscow 2010-09-30T20:40:00Z On a large screen at the front prices are listed in various currencies: British pounds and US dollars, euros, Swiss francs and rubles. Auctioning off utopia 2013-07-14T22:00:00Z They were Old Believers, and relatively new money: Their great-grandfather was a serf who bought his freedom with his wife’s dowry of five rubles. French and Russian Art on a ‘War and Peace’ Scale 2021-09-30T04:00:00Z The polls, they’re much tighter, Don, But forget bucks and rubles, all your cares will be gone, When you download! Style Invitational Week 1239: MASH 3 — combine two movie titles 2017-08-03T04:00:00Z “The theatre grew quieter than a hens’ roost at sunset as the audience settled back, confident that now the curtain would rise and reveal what it had paid its rubles to see—‘Porgy and Bess.’ Sunday Reading: A Night at the Theatre 2019-06-30T04:00:00Z By taking those dirty rubles and making them legitimate, Trump is a party to all of that. Writer Greg Olear on “Dirty Rubles”: Trump is “gravest existential threat” to America in... 2018-07-28T04:00:00Z Tickets are 250 rubles, or about $7.60 at 32 rubles to the dollar, and will be sold at the State Historical Museum ticket office on the day of each concert. In Transit Blog: Singing Out for St. Basil's 2011-10-06T20:18:26Z Around a decade ago, the Russian government decided that there was no reason they needed to lose those vacation rubles to Switzerland, France and Italy. A Test Run at Russia’s Olympic Hopeful 2013-12-20T16:51:32Z Grab coffee and a snack at the gallery’s funky cafe where salads and soups are 150 to 300 rubles. 36 Hours in Moscow 2010-09-30T20:40:00Z I do - those boxer briefs cost only 300 rubles each. Frugal Traveler Blog: Saving Rubles in St. Petersburg 2012-09-04T21:23:01Z Admission: 300 rubles; extra for an audio guide in English. Dostoyevsky vs. Tolstoy: One Family’s Competitive Vacation in Russia 2016-09-21T04:00:00Z I climbed up to the top floor and paid an additional 250 rubles for roof access. White Nights and Cheap Days in St. Petersburg 2016-08-08T04:00:00Z The total bill, with a coffee afterward, was just under 2,000 rubles — an undeniably luxurious meal for anyone, no matter the budget, at an eminently affordable price. A $1,000 Day in Moscow for $100 2016-07-26T04:00:00Z While most galleries charge admission, ticket prices here are surprisingly proletarian at 300 rubles. 36 Hours in Moscow 2010-09-30T20:40:00Z He is accused of embezzling 133 million rubles, or about $2.3 million, in government funds allocated to a festival he ran. Russia Locked Him Up. But He’s Directing an Opera 1,400 Miles Away. 2018-11-02T04:00:00Z "I can give you a tour tomorrow at 3:30 for 160 rubles," she said. Frugal Traveler Blog: Saving Rubles in St. Petersburg 2012-09-04T21:23:01Z Probably the biggest selling point for visiting Russia now, though, is the drastic devaluation of the ruble, which lost more than half its worth at the end of last year. Fall of Ruble Benefits Tourists to Russia 2015-04-21T04:00:00Z Admission to the apartment is 120 rubles, and an accompanying audio tour costs 190. Russia’s Literary Icons, Explored on a Budget 2016-08-23T04:00:00Z For 12,150 rubles off season, we were given tours of the churchyard where most of the Tolstoys are buried, the train station he walked to every day and the estate. Dostoyevsky vs. Tolstoy: One Family’s Competitive Vacation in Russia 2016-09-21T04:00:00Z For 450 rubles, patrons get 15 tokens, each good for one in the museum’s vintage game collection: Tank Training Area and Probe were both good, but my favorite was probably the Giant Turnip. A $1,000 Day in Moscow for $100 2016-07-26T04:00:00Z Any Chekhov production worth its weight in rubles understands this. Clarity, humor make this ‘Seagull’ fly 2013-01-31T17:44:16Z One of them was, he went through a terrible time in business, which was the fall of the ruble, the fall of oil prices. Alex Gibney on "Citizen K": Real-life thriller of an oligarch who turned against Vladimir Putin 2020-01-18T05:00:00Z Millions of rubles’ worth of complex machinery was tossed aside without a second thought, like a spent match flicked to the ground. T Magazine: First Man Up 2011-03-08T14:00:35Z Regular tours were only in Russian; a specially arranged English tour for up to 12 people cost 1,500 rubles, around $48 at 31 rubles to the dollar. Frugal Traveler Blog: Saving Rubles in St. Petersburg 2012-09-04T21:23:01Z It’s fast, relatively easy to navigate and cheap: Rides are 50 rubles each if purchased one at a time, or just 32 rubles if bought in conjunction with a “Troika” transit card. A $1,000 Day in Moscow for $100 2016-07-26T04:00:00Z The ticket price to the museum — open everyday from 10 a.m. to 10 p.m. except Wednesdays — is 300 rubles, or about $10. Scene/Seen: Nouveau Hip Art Meets Feisty Grunge in St. Petersburg 2011-04-08T13:29:04Z The museum, which is closed Mondays and Tuesdays, charges 200 rubles for admission. Scene/Seen: Nouveau Hip Art Meets Feisty Grunge in St. Petersburg 2011-04-08T13:29:04Z If Tevye the milkman had a ruble for every time someone connected “Fiddler on the Roof” to Marc Chagall, he would be a very rich man. Marc Chagall: The French painter who inspired the title ‘Fiddler on the Roof’ “The state invests millions of rubles in hunting down graffiti artists and painting over the works.” Special Report: Contemporary Art: Graffiti Art Earns New Respect in Moscow 2010-10-13T13:00:00Z Houses across the sprawling camp were reduced to the ground, leaving many dead or wounded under the ruble, they said. Live updates | Netanyahu says Israel will have ‘overall security responsibility’ in Gaza after war 2023-11-07T05:00:00Z At least 14 theaters in Moscow were openly offering such screenings on their websites on Wednesday, with tickets about 400 to 500 rubles, or $4 to $5. Hi, ‘Barbie’! Russian Theaters Find Ways to Screen Blockbusters Amid Sanctions 2023-10-04T04:00:00Z According to the leaked documents, Russian government officials proposed a defense budget next year of 10.8 trillion rubles — about $108 billion. Russian military budget set to surge as Kremlin sees at least two more years of fighting in Ukraine 2023-10-02T04:00:00Z “At this time, the necessary work is being performed to extract the people who are still under the ruble,” Alvarez said in a taped message. Church roof collapses in north Mexico, killing at least nine and injuring about 50, officials say 2023-10-01T04:00:00Z Russian President Vladimir Putin says that starting Friday, “unfriendly” countries must pay for its natural gas in rubles, the Russian currency. News Roundup: Tunisian President, Rubles for Gas, and Cooking Oil Plane 2022-04-01T04:00:00Z Klishchiivka, just like Andriivka and other settlements in eastern Ukraine, has been turned into ruble in the long months of the fight for Bakhmut, which fell into Russian hands in May. Ukraine recaptures village near Bakhmut, Zelenskiy says 2023-09-18T04:00:00Z The bank in August increased the lending rate to 12% — a jump of 3.5 percentage points — as the ruble fell to 100 against the dollar. Russia raises key interest rate again as inflation and exchange rate worries continue 2023-09-15T04:00:00Z That “would put even more pressure on the ruble, it would put more pressure on Russia’s central bank to raise interest rates, and it would make that tradeoff much harder,” he said. Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison 2023-08-29T04:00:00Z 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. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z Mr. Putin says those who don’t pay in rubles will be cut off. News Roundup: Tunisian President, Rubles for Gas, and Cooking Oil Plane 2022-04-01T04:00:00Z The decision to bring the key rate to 12% was announced after a meeting of the bank’s board of directors was called a day earlier as the ruble declined. Russia’s central bank makes huge interest rate hike to try to prop up falling ruble 2023-08-15T04:00:00Z Although the ruble’s exchange rate improved mildly after the rate hike, it remains around 95 to the dollar, significantly weaker than a year ago when it was trading at around 60 to the U.S. currency. Russia raises key interest rate again as inflation and exchange rate worries continue 2023-09-15T04:00:00Z Longer term, Putin’s choices will erode economic growth and put more long-term stress on the ruble, Kluge said. Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison 2023-08-29T04:00:00Z Until now, the government stood aside as the declining ruble helped its budget. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z Russia says that starting Friday, “unfriendly” countries must pay for its natural gas in rubles. News Roundup: Tunisian President, Rubles for Gas, and Cooking Oil Plane 2022-04-01T04:00:00Z The Russian currency passed 101 rubles to the dollar on Monday, losing more than a third of its value since the beginning of the year and hitting the lowest level in almost 17 months. Russia’s central bank makes huge interest rate hike to try to prop up falling ruble 2023-08-15T04:00:00Z The decision to bring the key rate to 12% was announced after a meeting of the bank’s board of directors was called Monday as the ruble declined. Russia’s central bank makes huge interest rate hike to try to prop up falling ruble 2023-08-15T04:00:00Z When it comes to the pressure on the ruble, Russia, one of the world’s biggest oil suppliers, is earning less from selling its oil because of Western sanctions. Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison 2023-08-29T04:00:00Z Here are key things to know about the ruble: Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z On Monday, the Russian currency passed 101 rubles to the dollar, continuing a more than 25% decline in its value since the beginning of the year and hitting the lowest level in almost 17 months. Russia’s currency hits the lowest level since beginning of the war in Ukraine 2023-08-14T04:00:00Z On Tuesday, the ruble strengthened after the rate hike announcement but has since given up some of those gains to hit about 98 to the dollar. Russia’s central bank makes huge interest rate hike to try to prop up falling ruble 2023-08-15T04:00:00Z The central bank says demand has exceeded the country’s ability to expand economic output, increasing inflation and affecting “the ruble’s exchange rate dynamics through elevated demand for imports.” Russia’s central bank makes huge interest rate hike to try to prop up falling ruble 2023-08-15T04:00:00Z Earning more from exports than what is spent on imports typically supports the ruble. Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison 2023-08-29T04:00:00Z A weaker ruble worsens inflation by making imports more expensive in Russian currency. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z He said a strong ruble is in the interest of the Russian economy and that a weak currency “complicates economic restructuring and negatively affects people’s real incomes.” Russia’s currency hits the lowest level since beginning of the war in Ukraine 2023-08-14T04:00:00Z It also made a big rate hike of 1 percentage point last month, saying inflation was expected to keep rising and the fall in the ruble is adding to the risk. Russia’s central bank makes huge interest rate hike to try to prop up falling ruble 2023-08-15T04:00:00Z “Consequently, the pass-through of the ruble’s depreciation to prices is gaining momentum and inflation expectations are on the rise,” the bank said in a statement. Russia’s central bank makes huge interest rate hike to try to prop up falling ruble 2023-08-15T04:00:00Z That’s because dollars earned from oil can be exchanged for a larger amount of rubles to spend on government agencies, workers’ wages and pensions. Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison 2023-08-29T04:00:00Z And the ruble’s weakness is increasingly being passed through to prices people pay. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z Days earlier, the central bank said it would stop buying foreign currency on the domestic market until the end of the year to try to prop up the ruble and reduce volatility. Russia’s currency hits the lowest level since beginning of the war in Ukraine 2023-08-14T04:00:00Z In January, the ruble traded at about 66 to the dollar but lost about a third of its value in subsequent months amid continuing concern about the Russian economy. Ruble touches 99 to the US dollar, continuing the Russian currency’s monthslong fall 2023-08-11T04:00:00Z The bank also made a big rate hike of 1% last month, saying inflation is expected to keep rising and the fall in the ruble is adding to the risk. Russia’s central bank makes huge interest rate hike to try to prop up falling ruble 2023-08-15T04:00:00Z But Russia’s currency dipped too far for the Kremlin’s liking — below 100 rubles to the dollar on Aug. 14, a psychologically important level. Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison 2023-08-29T04:00:00Z It raised its key interest rate from 8.5% to 12% at an emergency meeting Tuesday after the ruble’s fall was criticized by a Kremlin economic adviser. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z In January, the ruble traded at about 66 to the dollar but lost about a third of its value in subsequent months. Russia’s currency hits the lowest level since beginning of the war in Ukraine 2023-08-14T04:00:00Z Zabotkin dismissed speculation that capital flight from Russia was contributing to the ruble’s fall. Ruble touches 99 to the US dollar, continuing the Russian currency’s monthslong fall 2023-08-11T04:00:00Z The ruble dropped against the United States dollar in trading Friday in Moscow to its lowest level since the first month of the war in Ukraine. Ruble hits lowest value against USD since early in Ukraine war 2023-08-04T04:00:00Z While weaker than last year’s levels of about 60 rubles to the dollar, the lower exchange rate isn’t a crisis yet, if a freefall can be avoided. Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison 2023-08-29T04:00:00Z So the ruble’s fall was caused by sanctions, successful efforts to evade their impact and Russia’s war effort itself. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z After Western countries imposed sanctions after the invasion of Ukraine in February 2022, the ruble plunged as low as 130 to the dollar, but the central bank enacted capital controls that stabilized its value. Russia’s currency hits the lowest level since beginning of the war in Ukraine 2023-08-14T04:00:00Z International sanctions cut off a significant part of imports to Russia, which Central Bank deputy director Alexei Zabotkin said has contributed to the ruble’s fall. Ruble touches 99 to the US dollar, continuing the Russian currency’s monthslong fall 2023-08-11T04:00:00Z The decline to 95 rubles against the dollar continued the Russian currency’s consistent fall since the beginning of the year, when it traded at around 65 — a drop of about 30%. Ruble hits lowest value against USD since early in Ukraine war 2023-08-04T04:00:00Z But while the Russian energy giant Gazprom abruptly stopped supplying many European countries, Austria has continued to receive its full allotment and secured approval from Russia to pay with euros instead of rubles. Why One Country Is Struggling to Break Away From Russian Gas 2023-07-31T04:00:00Z “The lower ruble is partly a reflection of the effect of sanctions, but it doesn’t indicate an underlying economic crisis.” Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z The central bank enacted a big increase of 1% to its key interest rate last month, saying inflation is expected to keep rising and the fall in the ruble is adding to the risk. Russia’s currency hits the lowest level since beginning of the war in Ukraine 2023-08-14T04:00:00Z They’ve raided numerous church holy sites and later posted photos of rubles, Russian passports and leaflets with messages from the Moscow patriarch as proof that some church officials have been loyal to Russia. The latest Russian strike on Ukraine’s Odesa leaves 1 dead, many hurt and a cathedral badly damaged 2023-07-23T04:00:00Z After Russia sent troops into Ukraine in late February 2022, the ruble plunged to as low as about 120 against the dollar, but recovered quickly as the Russian Central Bank undertook support measures. Ruble hits lowest value against USD since early in Ukraine war 2023-08-04T04:00:00Z Moscow took sharp action on Friday to curb inflation, fearing the effects of ever higher spending on the war in Ukraine and of a weakening Russian ruble. Russia Raises Interest Rates, Trying to Cool Wartime Economy 2023-07-21T04:00:00Z The falling ruble actually has helped the government in important ways. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z A few months into occupation, the ruble was enforced as currency. Desperate Ukrainians take long and uncertain journey to escape Russian occupation 2023-07-10T04:00:00Z Weren't the sanctions supposed to plunge the ruble into a death spiral? They lied about Afghanistan. They lied about Iraq. Now they're lying about Ukraine 2023-07-08T04:00:00Z The ruble fell as low as 94 rubles per dollar on Thursday before making a slight recovery by the end of the trading day. The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny. 2023-07-06T04:00:00Z Since Russia imports vast amounts of goods, a weaker ruble pushes up prices. Russia Raises Interest Rates, Trying to Cool Wartime Economy 2023-07-21T04:00:00Z A lower exchange rate means more rubles for every dollar of earnings from oil and other products it sells. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z The instability pushed down the ruble, and is expected to roil commodities markets for months. Inside Yevgeny Prigozhin’s Money-Making Machine 2023-06-26T04:00:00Z Peñalver also mentioned the expansion of MIR cards, a payment system in Russia that allows Russian tourists to make cash withdrawals and convert rubles to Cuban pesos. Cuban officials’ Russia trip concludes with renewed alliance, agreements on oil, wheat, tourism 2023-06-21T04:00:00Z The Russian ruble slid to lows unseen since the weeks after Moscow launched its invasion of Ukraine, amid fallout from the mercenary boss Yevgeny V. Prigozhin’s aborted insurrection and declining Russian oil and gas revenues. The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny. 2023-07-06T04:00:00Z An offer from local authorities of 50,000 rubles, or about $650, for those displaced by the fighting provoked flashes of outrage when it was announced on Thursday. Fear and Mayhem as Russia’s War Comes Home 2023-06-12T04:00:00Z When the ruble fell below 100, however, the Kremlin and the central bank drew a line. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z "We consider a profit forecast of about 400 billion rubles for this year to be realistic – a record figure for us," Kostin said. Exclusive: VTB profit seen at record of 400 bln roubles in 2023 - CEO Kostin 2023-06-09T04:00:00Z Initially, the ruble plunged, foreign businesses fled and prices soared. Sanctions against Russia and what the G7 may do to fortify them 2023-05-20T04:00:00Z The political instability implied by Mr. Prigozhin’s failed insurrection, combined with dramatically reduced export revenues from Russian oil and gas, appear to be weighing on the ruble. The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny. 2023-07-06T04:00:00Z "Most likely, if we are all together, along with the state, we'll work actively and it will be 1 trillion rubles," he said in remarks that were shown on state television. Russian drone industry could soon be worth $12 billion, says Putin 2023-04-27T04:00:00Z “The weakness was planned, but it’s overdone and they want to pull it back,” said Weafer, who foresees the ruble trading in the mid-90s in the coming months, roughly where the government wants it. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z He devised a payment system that allows Russia to sell gas to Europe in rubles, pre-empting Western sanctions, Bloomberg News reported last year, citing anonymous sources. Russia’s Technocrats Embraced the West, Then Enabled Putin’s War 2023-04-22T04:00:00Z At Putin’s direction, the Russian constitution was rewritten to include the four regions, and people in the occupied areas are being issued Russian passports and must use the Russian ruble. Putin visits two occupied regions in Ukraine, pushing illegal annexation 2023-04-18T04:00:00Z By the end of the trading day on Thursday, the Russian currency was 91 rubles per dollar, from 83 the day of the mutiny. The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny. 2023-07-06T04:00:00Z The value of the ruble also is falling. US sanction officials plan missions to clamp down on Russia 2023-04-07T04:00:00Z Inflation caused by ruble devaluation hits poorer people harder than others because they spend more of their income on necessities such as food. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z The ruble lost about half its value in a plunge in the early days of the Ukraine conflict but recovered after Russia enacted capital controls and even gained substantial value. Ruble drops to pre-conflict value against dollar 2023-04-06T04:00:00Z To get around Western banks, Venezuela started accepting payments in Russian rubles, bartered goods or cryptocurrency. Shadowy brokers walk off with billions in Venezuelan oil 2023-03-30T04:00:00Z The Russian central bank governor, Elvira Nabiullina, speaking Thursday at a conference in St. Petersburg, appeared to attribute the change in the ruble’s value primarily to falling export revenues. The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny. 2023-07-06T04:00:00Z They’ve raided numerous holy sites of the church and later posted photos of rubles, Russian passports and leaflets with messages from the Moscow patriarch as proof that some church officials have been loyal to Russia. Tensions on the rise at revered Kyiv monastery complex 2023-03-26T04:00:00Z Foreign travel — enjoyed mostly by a minority in prosperous big cities such as Moscow and St. Petersburg — gets much more expensive with a weaker ruble. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z The toll is starting to mount: The Russian government’s deficit is soaring and the Russian ruble’s value has sharply fallen in the past six months. Opinion | How to make the sanctions on Russia really hurt 2023-03-21T04:00:00Z “This will not happen — the spending plan has already increased by 0.5 trillion rubles,” he wrote, forecasting an overall deficit at 3 percent of economic output. Russia oil revenues plummeted in February as war penalties hit 2023-03-15T04:00:00Z A combination of forces has been battering the ruble in recent days, most prominently Mr. Prigozhin’s brief, failed insurrection. The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny. 2023-07-06T04:00:00Z The boon helped bolster the ruble after a temporary post-invasion crash and provided cash for government spending on pensions, salaries and - above all - the military. Russia’s economy holds up, but growing challenges test Putin 2023-03-13T04:00:00Z When goods are imported to Russia, people or companies have to sell rubles for foreign currency such as dollars or euros. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z Last summer, the ruble soared to historic highs against the dollar. ‘Russia Outside Russia’: For Elite, Dubai Becomes a Wartime Harbor 2023-03-13T04:00:00Z The boon helped bolster the ruble after a temporary post-invasion crash and provided cash for government spending on pensions, salaries and — above all — the military. Russia’s economy holds up, but growing challenges test Putin 2023-03-13T04:00:00Z As the events unfolded, the rate to exchange rubles to dollars and other foreign currencies on Russian online banking applications spiked, suggesting that consumers were moving their money out of the Russian currency in response. The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny. 2023-07-06T04:00:00Z Russian President Vladimir Putin has fueled corruption by spreading around vast numbers of rubles to buy influence in Kyiv, among many other places. Opinion | Zelensky takes on Ukraine’s top internal enemy 2023-02-27T05:00:00Z That tends to lower the ruble’s exchange rate. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z The French automaker Renault sold its factories for the symbolic sum of one ruble. Leave Russia? A Year Later Many Companies Can’t, or Won’t. 2023-03-02T05:00:00Z Maxim: “Roughly? About two or three thousand rubles, right?” ‘Never saw such hell’: Russian soldiers in Ukraine call home 2023-02-23T05:00:00Z “What’s happening right now with the ruble is absolutely 100 percent a function of sanctions,” said Alexandra Prokopenko, a former Russian central bank official and a nonresident scholar at the Carnegie Russia Eurasia Center. The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny. 2023-07-06T04:00:00Z The ruble did in fact take a temporary dive and has been slipping again in recent months. No economic ‘knockout’ yet from West’s sanctions on Russia 2023-02-21T05:00:00Z “Significantly lower inflows of foreign currency due to the drop in exports are the key driver” of the ruble’s decline, according to the Kyiv School of Economics Institute. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z The Central Bank stabilized the plummeting ruble by raising interest rates, and the currency is stronger against the dollar than before the invasion. Russia’s year of war: Purge of critics, surge of nationalism 2023-02-18T05:00:00Z Maxim: “Anyway, I counted and if it’s 3,000 rubles a gram, then I have about 3.5 million. If you offload it.” ‘Never saw such hell’: Russian soldiers in Ukraine call home 2023-02-23T05:00:00Z A weaker ruble could help the Russian government cover its ballooning expenses. The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny. 2023-07-06T04:00:00Z The ruble trades around the same 75-per-dollar rate seen in the weeks before the war, though Russia is using capital controls to prop up the currency. No economic ‘knockout’ yet from West’s sanctions on Russia 2023-02-21T05:00:00Z According to Russian media reports, the Ministry of Defense has spent at least 1 billion rubles, or $13.6 million, developing the training facility. In Bleak Russian Cemetery, Sea of Crosses Signals War’s True Toll 2023-02-15T05:00:00Z Russia halted natural gas deliveries in April 2022 after the previous government in Sofia refused Gazprom’s demand to pay in rubles. Bulgaria’s ex-energy chief charged over Russian gas cutoff 2023-02-08T05:00:00Z The value of the ruble to the U.S. dollar pretty quickly rebounded to its prewar level and even reached a five-year high in July. Analysis | Biden’s 2022 State of the Union proposals: What flopped and what succeeded 2023-02-05T05:00:00Z The risk, Mr. Kluge said, is that Russians see the currency slide and scramble to move their money out of rubles. The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny. 2023-07-06T04:00:00Z Countries have had difficulty reducing their reliance on Russia for energy and other basic commodities, and the Russian central bank has managed to prop up the value of the ruble and keep financial markets stable. Russia Sidesteps Western Punishments, With Help From Friends 2023-01-31T05:00:00Z In videos published on social media, Mr. Prigozhin promised the prisoners they would receive 100,000 rubles a month — the equivalent of $1,700 at the time, and nearly double Russia’s average monthly wage. ‘Very Dangerous People’: Russia’s Convict Fighters Are Heading Home 2023-01-30T05:00:00Z These have involved forcing teachers to use a Russian curriculum, replacing local officials with occupation appointees, substituting the Ukrainian currency with the ruble and issuing Russian passports. Russia says it will switch four occupied Ukrainian regions to Moscow time. 2023-01-27T05:00:00Z The budget gap reached 3.3 trillion rubles, or 2.3 percent of the size of the Russian economy, according to the country’s finance minister. Russia posts a $47 billion budget deficit for 2022, its second highest in the post-Soviet era. 2023-01-10T05:00:00Z “Now that people are seeing the ruble is declining so quickly, this could lead to more attempts to move ruble savings into other currencies,” he said. The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny. 2023-07-06T04:00:00Z They’ve raided numerous holy sites of the church and later posted photos of rubles, Russian passports and leaflets with messages from the Moscow patriarch as proof that some church officials have been loyal to Moscow. Ukrainians celebrate Orthodox Christmas in reclaimed church 2023-01-07T05:00:00Z They have conducted numerous raids of the church’s holy sites, posting photos of rubles, Russian passports and leaflets with messages from the Moscow patriarch. Ukraine reclaims Kyiv cathedral amid church dispute 2023-01-06T05:00:00Z Meanwhile, a Russian senator, Andrei Shevchenko, said last year that utility infrastructure in Russia had depreciated by 60 percent and that the cost of needed repairs exceeded 4 trillion rubles, or about $58 billion. As Russia bombs Ukraine’s infrastructure, its own services crumble 2022-12-25T05:00:00Z Kherson’s occupation government, run by Russian military commanders and Ukrainian collaborators, wasted little time pulling down Ukrainian flags, taking over Ukrainian schools, trucking in crates of Russian rubles, even importing Russian families. How Citizen Spies Foiled Putin’s Grand Plan for One Ukrainian City 2022-12-25T05:00:00Z “We saw this at the very beginning of the war when the ruble crashed.” The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny. 2023-07-06T04:00:00Z “We had that in the Soviet period. We know it. It’s: ‘I will make some ceramics or send some socks or my last rubles.’ In patriotism push, Russians send handmade gifts to troops in Ukraine 2022-12-19T05:00:00Z “Even the trillions of additional rubles will not make its defense industry more productive and efficient in the short term, due to a number of difficulties,” the Eurasia Daily Monitor reported. Sanctions, war demands leave battered Russian defense industry struggling to catch up 2022-12-03T05:00:00Z She said the Russians kept paying her Ukrainian pension in rubles but since they started to withdraw in October, she has received nothing. EXPLAINER: Can Ukraine pay for war without wrecking economy? 2022-12-02T05:00:00Z But economists and business executives said the headline GDP figures did not reflect the real state of the Russian economy because the Russian government effectively ended the ruble’s convertibility since the sanctions were imposed. Western sanctions catch up with Russia’s wartime economy 2022-11-26T05:00:00Z Russian gas exporter Gazprom has cited technical difficulties and a refusal by some importers to pay in rubles. European Central Bank: Recession ‘has become more likely’ 2022-11-16T05:00:00Z Some residents said officials offered cash payments — in Russian rubles — to get people to take a Russian passport. Witnesses recount detentions, torture, disappearances in occupied Kherson 2022-11-14T05:00:00Z Russian troops’ efforts to assimilate Ukrainians there, like trying to force them to pay bills in rubles and threatening arrest if they spoke Ukrainian, failed to take hold as well, residents said. Ukraine’s Advances 2022-11-14T05:00:00Z Activists and officials have been “disappeared” and tortured, human rights groups say, as Russia sought to tighten control by demanding that Ukrainians living in Kherson use Russian rubles and accept Russian passports. Deceit or defeat? Russia announces retreat from key southern Ukrainian city of Kherson 2022-11-09T05:00:00Z “There are huge questions over where all the trillions of rubles of the past decade have been spent,” said one former senior Russian banker with connections to the Russian state. Western sanctions catch up with Russia’s wartime economy 2022-11-26T05:00:00Z In the stores, the sales staff rejected payment in Russian rubles with an expletive, he said. As Ukraine Bears Down, Life Worsens in Occupied Areas 2022-11-08T05:00:00Z Any business that showed images of a family with two mothers or two fathers, for example, could be fined up to 5 million rubles, or about $81,400. ‘I’m Afraid for My Future’: Proposed Laws Threaten Gay Life in Russia 2022-11-04T04:00:00Z “My uncle made 10 combs a day and got a ruble for each one,” he continued. The Tajik Artisans Guarding the Country’s Cultural Legacy 2022-11-03T04:00:00Z While the proportion is minuscule compared to what Russia has sold to China and India, General Min Aung Hlaing has promised a “continuous purchase” of fuel from Moscow that he would pay for in rubles. Shunned by the West, Russia and Myanmar Form a Partnership of Unequals 2022-10-26T04:00:00Z And months after residents began complying with Moscow’s demands that they adopt a new currency, some merchants in Kherson had a new message for customers: No more rubles. Russian Officials Flee Kherson as Russian Troops Dig in for a Battle 2022-10-24T04:00:00Z Belarus has made some Eurobond payments in Belarusian rubles since Western sanctions imposed after Russia's invasion of Ukraine limit Minsk's ability to deal in foreign currencies. World Bank cites overdue payments, puts loans to Belarus in 'nonperforming' status 2022-10-18T04:00:00Z He claimed afterward that Moscow used “hybrid war” tactics to bring the government down as it refused to pay gas bills in rubles and ordered an expulsion of Russian diplomats from Bulgaria. Bulgarians hold fourth election in 18 months amid turmoil 2022-10-02T04:00:00Z Earlier this year, Russia’s demand for gas deliveries to be paid in ruble contributed to soaring prices. Russia’s Gazprom halts gas supplies to Italy in latest energy battle 2022-10-01T04:00:00Z After paying 100,000 rubles in bribes at police checkpoints, and paying locals to help him navigate his car through a forest, Kirill reached the thronged border crossing. Panic, Bribes, Ditched Cars and a Dash on Foot: Portraits of Flight From Russia 2022-10-01T04:00:00Z In late April, Russia cut off gas supplies to Bulgaria after it refused Moscow’s demand to pay for the deliveries in rubles, Russia’s currency. Azerbaijan to increase gas deliveries to Bulgaria, Europe 2022-09-30T04:00:00Z He claimed that Moscow used “hybrid war” tactics to bring down his government after it refused to pay gas bills in rubles and ordered the expulsion of 70 Russian diplomatic staff from Bulgaria. Bulgaria to hold election overshadowed by war in Ukraine 2022-09-29T04:00:00Z Butterfill said spikes have previously occurred in other currencies' crypto trading volumes, such as the Russian ruble and Ukrainian hryvnia, but that he had never seen such big moves in the bitcoin-sterling pair's volume. Bitcoin-sterling volumes spike to record high as British currency flounders 2022-09-28T04:00:00Z The Ukrainian currency was replaced by the Russian ruble. The referendums are taking place in areas from which large numbers of people have fled. 2022-09-23T04:00:00Z They have handed out Russian passports to residents, introduced the ruble and even issued Russian license plates to pave the way for their incorporation into Russia. EXPLAINER: What’s behind referendums in occupied Ukraine? 2022-09-22T04:00:00Z Russia’s economy has wobbled but not collapsed under Western punitive measures, performing better than expected thanks to high energy prices and aggressive state measures to shore up the ruble and avoid a currency collapse. Zelensky visits liberated Izyum as Ukraine aims to keep Russia on the run 2022-09-14T04:00:00Z Gazprom agreed last week to let state-owned China National Petroleum Corp. pay in Russian rubles or Chinese yuan instead of dollars. China keeps West guessing about economic pressure on Russia 2022-09-13T04:00:00Z Gazprom, the Russian gas giant, announced last week that China’s payments for gas from one pipeline would no longer be made in dollars or euros, but in Russian rubles and Chinese renminbi. Challenges for Russia and China Test a ‘No-Limits’ Friendship 2022-09-13T04:00:00Z “Of course, we live in a country where even if everything is done legally, but there is a desire to punish us, it will be done … but we can manage a 50,000 rubles fine.” Police pursue local Russian lawmakers who urged charging Putin with treason 2022-09-09T04:00:00Z In August, Myanmar announced it planned to import oil from Russia, and this week, Min Aung Hlaing told Putin that the country was prepared to pay for the imports in Russian rubles. Putin, in defiant speech, threatens Western gas and grain supplies 2022-09-07T04:00:00Z While some of the world’s worst-performing currencies this year are from developing economies such as Sri Lanka, the outperformance of commodity-backed currencies such as Brazil’s real and Russia’s ruble have bolstered the EM grouping. Dollar pain spreads from emerging to developed economies 2022-09-07T04:00:00Z The ruble is soaring, the opposition has been silenced and the media is almost completely under the Kremlin’s control. Your Wednesday Briefing 2022-09-07T04:00:00Z This is one reason the ruble has actually appreciated since the invasion began on Feb. 24. Opinion | A promising plan to stanch Russia’s gusher of oil money 2022-09-05T04:00:00Z But over the summer, the capital largely returned to normal, buoyed by a soaring ruble, a silenced opposition and a news media almost completely under the Kremlin’s control. ‘Nothing Has Really Changed’: In Moscow, the Fighting Is a World Away 2022-09-06T04:00:00Z By 1987, bootlegging caused tax revenues to fall by some 100 billion rubles. Mikhail S. Gorbachev, Reformist Soviet Leader, Is Dead at 91 2022-08-30T04:00:00Z Moscow has been offering Russian passports to Ukrainians in those regions, asking people to use the ruble as currency and rerouting the internet through Russian servers. Shelling Near Ukraine Nuclear Plant Strikes Towns, Heightening Concern 2022-08-28T04:00:00Z AvtoVAZ, which makes the popular Russian Lada car, stood idle for months as majority owner Renault suspended operations and then sold its 68 percent stake to a Russian state entity for 1 ruble. Western sanctions are wounding but not yet crushing Russia’s economy 2022-08-23T04:00:00Z The ruble, which lost half of its value against the dollar right after the sanctions, not only rebounded but rose to levels not seen in years. Moscow seeks a ‘sense of normal’ amid Ukraine conflict 2022-08-23T04:00:00Z The ruble has been introduced alongside the Ukrainian hryvnia and has been used to pay out pensions and other benefits. Fate of Ukrainian lands held by Russia still seems unclear 2022-08-21T04:00:00Z Russian forces and their proxies have arrested hundreds, doled out Russian passports, replaced the currency with rubles and rerouted the internet through Russian servers — putting pressure on Ukraine to disrupt that work. Ukraine Strikes Again in Crimea, Challenging Russian Hold on Peninsula 2022-08-16T04:00:00Z The increased safeguards follow the 2016 U.S. presidential elections, when Russia used rubles to pay for political ads designed to stoke divisions and unrest among Americans. Strike four: Facebook misses election misinfo in Brazil ads 2022-08-14T04:00:00Z The ruble’s rebound in value is another disappointment for sanctions architects. Western sanctions are wounding but not yet crushing Russia’s economy 2022-08-23T04:00:00Z In late April, Russia cut off gas supplies to Bulgaria, the EU’s poorest nation, after it rejected Moscow’s demand to pay in rubles. Hundreds join anti-Gazprom protest in Bulgarian capital 2022-08-10T04:00:00Z Russia has curtailed natural gas shipments to Europe after most countries refused to abide by Russian President Vladimir Putin’s wartime order requiring payments in rubles instead of dollars or euros. Russian oil shipments to central Europe expected to resume 2022-08-10T04:00:00Z Moscow has introduced the ruble, set up Russian cellular networks and cut off Ukrainian television in the area. Ukrainian resistance grows in Russian-occupied areas 2022-08-09T04:00:00Z The congressman noted that in occupied areas, Moscow is already installing government offices, replacing the Ukrainian hryvnia with the Russian ruble as currency, handing out Russian passports and flooding the airwaves with pro-Kremlin media. Russia’s vow to annex occupied Ukraine sparks divisions, pleas for aid 2022-08-04T04:00:00Z They also asked for a fine of 1 million rubles, about $16,600. Brittney Griner’s trial nears an end with closing arguments. 2022-08-04T04:00:00Z Gazprom has previously suspended gas shipments to other EU countries, including the Netherlands, Poland and Bulgaria, because they would not pay in rubles. Red Cross struggles to see prison where Ukrainian POWS died 2022-07-30T04:00:00Z They have replaced Ukrainian currency with the ruble, rerouted the internet through Russian servers and arrested hundreds who have resisted assimilation. How the Kremlin Is Forcing Ukrainians to Adopt Russian Life 2022-07-30T04:00:00Z The statement likely referred to a refusal to meet Russia’s demand for gas payments in rubles rather than other currencies. Russian energy corporation Gazprom cuts off gas to Latvia 2022-07-30T04:00:00Z It cited “subdued consumer demand” and the ruble’s exchange rate for the drop. Russia’s central bank slashes rate, saying inflation slows 2022-07-22T04:00:00Z That playbook includes using “sham” referenda to install illegitimate proxy officials, establishing the ruble as the official currency, forcing Ukrainian citizens to apply for Russian citizenship and sabotaging the internet. White House says there’s ‘ample evidence’ Russia intends to annex additional Ukrainian territory 2022-07-19T04:00:00Z The ministry advertised a massive pay boost — 8,000 rubles a day, about $137, on top of teachers’ existing teaching salaries. Russia sending teachers to Ukraine to control what students learn 2022-07-18T04:00:00Z They introduced the ruble and started changing the school curriculum to the Russian one — which increasingly seeks to indoctrinate children with Mr. Putin’s worldview. How the Kremlin Is Forcing Ukrainians to Adopt Russian Life 2022-07-30T04:00:00Z Gazprom previously suspended shipments to other European Union countries, including the Netherlands, Poland and Bulgaria, because they would not pay in rubles. Russian energy corporation Gazprom cuts off gas to Latvia 2022-07-30T04:00:00Z The 21.1 billion rubles reflects a chunk of Google’s yearly turnover in the country, but it’s unclear if Google will actually go through with paying the fine. Russia fines Google $365 million over YouTube videos containing ‘prohibited’ content 2022-07-18T04:00:00Z While Europe is suffering, Russia has stabilized its ruble exchange rate, stock market and inflation through extensive government intervention. Economics of war: Pain for Europe now, later for Russia 2022-07-17T04:00:00Z Brussels has also compromised on allowing Gazprom to be paid effectively in rubles, as Russia has demanded, with euro deposits into Gazprom’s own bank immediately shifted into rubles. Moscow Signals a Shift to a More Aggressive Phase of Ukraine War 2022-07-16T04:00:00Z “What happened with gas has now happened with helicopter licenses,” Zakov said, referring to an earlier suspension of Russian gas deliveries to Bulgaria after it refused to pay in rubles. Bulgaria will still repair Ukrainian military equipment 2022-07-15T04:00:00Z The Kremlin said importers had to establish an account in dollars or euros at Russia’s third-largest bank, Gazprombank, then a second account in rubles. Russian energy corporation Gazprom cuts off gas to Latvia 2022-07-30T04:00:00Z He even ventured into economic policy, calling for a “structural perestroika” — a reference to Soviet-era reform — that in part would include a new sovereign system for determining the ruble’s exchange rate. The man who has Putin’s ear — and may want his job 2022-07-13T04:00:00Z Economists say the ruble’s exchange rate — stronger against the dollar than before the war — and declining inflation present a misleading picture. Economics of war: Pain for Europe now, later for Russia 2022-07-17T04:00:00Z Russian President Vladimir Putin later mandated that buyers from countries that imposed sanctions pay for gas in rubles, which helped boost his nation’s currency and weakened the euro. Euro and dollar near parity as recession fears grow in Europe 2022-07-12T04:00:00Z Zoom Video Communications and Ookla, which runs the internet tool Speedtest, were both fined 1 million rubles under the same law. Russia fines Apple for violating data storage law 2022-07-12T04:00:00Z The ruble has soared to a seven-year high against the dollar. NATO's endless expansion threatens endless war — and potential nuclear holocaust 2022-07-12T04:00:00Z In late April, Russia cut off supplies to Bulgaria after officials refused a demand by Moscow to pay gas bills in rubles, Russia’s currency. Greece: New pipeline to feed Bulgaria after Russian gas cut 2022-07-08T04:00:00Z Rules preventing money from leaving the country and forcing exporters to exchange most of their foreign earnings from oil and gas into rubles have rigged the exchange rate. Economics of war: Pain for Europe now, later for Russia 2022-07-17T04:00:00Z Before Yandex, Russian taxis consisted of random drivers trying to earn a few rubles. How War in Ukraine Roiled Russia’s ‘Coolest Company’ 2022-07-06T04:00:00Z In late April, Russia cut off gas supplies to Bulgaria after officials refused a Moscow demand to pay gas bills in rubles, Russia’s currency. Russian diplomats to depart Bulgaria amid soaring tensions 2022-07-03T04:00:00Z The Russian-backed government has moved to bring in the ruble to replace Ukrainian currency and paperwork, and has tried to make Russian the language of diplomas and other educational documents. Ukrainian students are hopeful and defiant as they graduate amid war. 2022-07-02T04:00:00Z The ruble hit all-time lows in the first weeks after Russia sent troops into Ukraine in late February, dropping as much as 50%, to 150 against the U.S. dollar. Strong ruble could hurt Russian businesses, official warns 2022-06-29T04:00:00Z After an initial plunge, the Russian ruble has rebounded and even grown stronger than it was before the war, which economists say has helped calm some of the Russian public’s fears about economic collapse. Exports to Russia from China plummet, study shows 2022-06-27T04:00:00Z The country’s central bank has managed to stabilize the ruble despite Western sanctions, in part with help from oil earnings. Oil price cap could strike Russia’s war chest — if enforced 2022-06-27T04:00:00Z Russia’s finance ministry said before the deadline that Russia had fulfilled its obligation to investors and paid in rubles, though most of Russia’s foreign-currency debt doesn’t allow for payments in rubles. Russia appears closer to defaulting on its international debt as grace period ends. 2022-06-27T04:00:00Z In response, the Russian Finance Ministry said it would pay dollar-denominated debts in rubles and offer “the opportunity for subsequent conversion into the original currency.” EXPLAINER: What’s the impact of a Russian debt default? 2022-06-26T04:00:00Z Although the rate is seen by some as a sign that Russia is weathering Western sanctions, the strong ruble makes Russian exports more expensive. Strong ruble could hurt Russian businesses, official warns 2022-06-29T04:00:00Z It now takes about 53 rubles to buy one dollar, versus about 80 just before Russia invaded, according to Russia’s central bank. Exports to Russia from China plummet, study shows 2022-06-27T04:00:00Z U.S. officials vowed that Russia’s financial system would be battered if it attacked Ukraine, and President Biden boasted in March that sanctions were “crushing the Russian economy” and that “the ruble is reduced to rubble.” U.S.-Led Alliance Faces Frustration, and Pain of its Own, Over Russia Sanctions 2022-06-24T04:00:00Z For now, therefore, oil money is helping the Russian economy weather the West’s sanctions — the ruble has actually appreciated relative to the dollar since the invasion. Opinion | Russia’s oil earnings are booming. The U.S. and Europe need a new plan. 2022-06-23T04:00:00Z And while the rebound of Russia’s currency, the ruble, is attributable in part to the country’s surprising economic resilience, it also reflects the strict government controls on capital flows and plummeting imports into Russia. Western Move to Choke Russia’s Oil Exports Boomerangs, for Now 2022-06-21T04:00:00Z Analysts say the ruble’s strength reflects high global prices for oil and natural gas and that wide-ranging sanctions mean Russia is buying fewer imports. Strong ruble could hurt Russian businesses, official warns 2022-06-29T04:00:00Z Because overseas suppliers have cut them off, Russian importers don’t need to exchange so many rubles into dollars these days to make purchases, a phenomenon that inflates the ruble’s value. Exports to Russia from China plummet, study shows 2022-06-27T04:00:00Z And after plunging in February, the ruble hit a seven-year high against the dollar this week. U.S.-Led Alliance Faces Frustration, and Pain of its Own, Over Russia Sanctions 2022-06-24T04:00:00Z Details: The ruble cemented its unlikely status as the world’s best-performing currency, rising to new multiyear highs this week on earnings from oil and gas exports. Your Wednesday Briefing: Asia Buys Up Russia’s Oil 2022-06-21T04:00:00Z Since collapsing in the weeks after Russia’s invasion of Ukraine, which triggered sweeping international sanctions aimed at crippling the Russian economy, the ruble has come roaring back. The Russian ruble keeps rising, hitting a seven-year high. 2022-06-21T04:00:00Z And Russian soldiers sweep through Mariupol, the city in eastern Ukraine they conquered after reducing it to ruble. AP PHOTOS: A week of ruins and ruined lives in Ukraine 2022-06-17T04:00:00Z In occupied Ukrainian cities, Kremlin-installed officials have begun issuing Russian passports, using the ruble and airing Russian news broadcasts. Key eastern Ukrainian city teeters in a battle of 'simply terrifying' cost 2022-06-14T04:00:00Z Russia’s currency, the ruble, cratered shortly after Mr. Putin launched the invasion of Ukraine in February. Biden Races to Expand Coalition Against Russia but Meets Resistance 2022-06-11T04:00:00Z In addition, deft work by the Central Bank prevented a panic in the financial markets after the invasion and helped the ruble recover from its initial crash. McDonald’s, Moscow Style, Is Back, as Russian Economy Stumbles On 2022-06-10T04:00:00Z But capital controls imposed by its central bank, including those that forced exporters to exchange some of their earnings into rubles, have increased demand for the Russian currency. The Russian ruble keeps rising, hitting a seven-year high. 2022-06-21T04:00:00Z Those measures have helped push the Russian currency’s exchange rate to 58.12 against the dollar Friday, compared with 78.8 rubles to the dollar on Feb. 23, the day before the invasion. Russia’s central bank cuts interest rates to prewar level 2022-06-10T04:00:00Z Russia has also moved quickly to “Russify” the population there, introducing the ruble, appointing officials, rerouting internet connections to Russian servers and even changing the telephone country code. Your Thursday Briefing: Russia’s Land Bridge 2022-06-08T04:00:00Z Nor can he purchase the new Mazda 6 he had his eyes on; he had been hoping pay about 2 million rubles — five months’ salary — but the price went up to 3 million. As war drags on, weary Russians yearn for a return to normal life 2022-06-05T04:00:00Z The ruble, after plummeting in value in the days after the invasion, is now trading at four-year highs. McDonald’s, Moscow Style, Is Back, as Russian Economy Stumbles On 2022-06-10T04:00:00Z Higher earnings from oil and gas exports, which have surged as prices rise and demand in Asia makes up for cutbacks in Europe, have kept the ruble elevated. The Russian ruble keeps rising, hitting a seven-year high. 2022-06-21T04:00:00Z Thanks to capital controls and orders that Russian exporters sell half their hard currency earnings to the state, the ruble has strengthened to prewar highs. Putin thinks West will blink first in war of attrition, Russian elites say 2022-06-03T04:00:00Z The ruble is now an official currency in the southern Kherson region, alongside the Ukrainian hryvnia. Russia may be in Ukraine to stay after 100 days of war 2022-06-03T04:00:00Z The ruble, now an official currency in the southern Kherson region, is set to replace the Ukrainian hryvnia. Russia may be in Ukraine to stay after 100 days of war 2022-06-03T04:00:00Z One reason for the ruble’s unexpected strength is that global energy demand surged coming out of the pandemic. McDonald’s, Moscow Style, Is Back, as Russian Economy Stumbles On 2022-06-10T04:00:00Z But the ruble continues to strengthen, which helps ease inflation but also puts pressure on Russia’s budget, which relies on energy sales that are often denominated in dollars. The Russian ruble keeps rising, hitting a seven-year high. 2022-06-21T04:00:00Z Russian President Vladimir Putin earlier this year signed a decree saying foreign buyers needed to pay in rubles for Russian gas as of April 1. Live updates | Ukraine reports battle gains and challenges 2022-06-01T04:00:00Z Russia previously halted natural gas supplies to Finland, Poland and Bulgaria for refusing a demand to pay in rubles. Russia cutting off natural gas to Denmark, company says 2022-06-01T04:00:00Z That’s a reference to Russian President Vladimir Putin’s demand that European nations pay for gas in rubles - an arrangement many have refused. EU bans most Russia oil imports in big bid to punish Moscow 2022-05-31T04:00:00Z At the same time, Russian consumers have been spending less — further propping up the ruble and giving Russian companies time to set up new import routes. McDonald’s, Moscow Style, Is Back, as Russian Economy Stumbles On 2022-06-10T04:00:00Z That’s a reference to Russian President Vladimir Putin’s demand that European nations pay for gas in rubles — an arrangement many have refused. In major blow, EU bans imports of most Russian oil 2022-05-31T04:00:00Z Moscow offered customers receiving its natural gas to establish an account in dollars or euros at Russia’s third-largest bank, Gazprombank, then a second account in rubles. Live updates | Ukraine reports battle gains and challenges 2022-06-01T04:00:00Z Russia previously has offered the customers receiving its natural gas to establish an account in dollars or euros at Russia’s third-largest bank, Gazprombank, then a second account in rubles. Russia offers foreign debt payment system similar to gas one 2022-05-30T04:00:00Z KRAMATORSK, Ukraine — Ukrainian soldiers, seeking to spread Russian forces thin, launched a counteroffensive on Sunday in Kherson, the key southern city that Moscow considered so securely under its thumb that it had introduced the ruble. Ukraine Battle Expands as Kyiv Launches Counteroffensive 2022-05-29T04:00:00Z Russia has halted natural gas to Finland, Poland and Bulgaria for refusing a demand to pay in rubles. War surges Norway’s oil, gas profit. Now, it’s urged to help 2022-05-28T04:00:00Z The ruble has rebounded since its initial swoon after sanctions were imposed in the winter, and Russian government coffers are flush from a bonanza of oil revenue. Russians face prospect of Soviet-style shortages as sanctions bite 2022-05-26T04:00:00Z Capital controls imposed by the central bank after Russia’s invasion of Ukraine, particularly those forcing exporters to exchange their earnings into rubles, have increased demand for the Russian currency. Russia cuts its benchmark rate to 11 percent as the ruble hits a multiyear high. 2022-05-26T04:00:00Z “In payments for gas, we are credited with foreign currency and it’s converted into rubles,” Siluanov was quoted by Vedomosti as saying. Russia offers foreign debt payment system similar to gas one 2022-05-30T04:00:00Z The central bank has been cutting interest rates faster than expected as the ruble has rapidly appreciated, reaching its strongest level in four years against the U.S. dollar this week. As Russia Diverges From the Global Economy, Soviet-Style Scarcity Looms 2022-05-26T04:00:00Z Russia says it will pay dollar-denominated foreign debt in rubles, a move that is likely to be seen by foreign investors as a default. Russia says it will pay foreign debt in rubles after US ban 2022-05-25T04:00:00Z Sanctions experts have estimated that Russia has about $20 billion worth of outstanding debt that is not held in rubles. U.S. will start blocking Russia’s bond payments to American investors. 2022-05-24T04:00:00Z The country’s large current account surplus, a measure of trade and investment flows, has been bolstered by high earnings from oil and gas exports and a drop in imports, is also keeping the ruble elevated. Russia cuts its benchmark rate to 11 percent as the ruble hits a multiyear high. 2022-05-26T04:00:00Z The Congressional Progressive Caucus can save its rubles, too. Opinion | Why I’m sad to be on Russia’s all-purpose payback list 2022-05-24T04:00:00Z A strong ruble hurts exports and lowers government revenues from dollar-denominated energy sales. As Russia Diverges From the Global Economy, Soviet-Style Scarcity Looms 2022-05-26T04:00:00Z The Russian Finance Ministry said it will pay in rubles and offer “the opportunity for subsequent conversion into the original currency.” Russia says it will pay foreign debt in rubles after US ban 2022-05-25T04:00:00Z Putin’s insistence on rubles may be more about forcing European countries to scramble at his behest than about shoring up his country’s currency, some economists and energy experts suspect. Europe accepts Putin’s demands on gas payments to avoid more shut-offs 2022-05-24T04:00:00Z While the strength of the ruble has the benefit of easing inflation, it is also putting pressure on the country’s public finances because the budget relies on revenues from oil exports denominated in dollars. Russia cuts its benchmark rate to 11 percent as the ruble hits a multiyear high. 2022-05-26T04:00:00Z One of the things that you have talked about on other podcast interviews is preventing people from using rubles to buy into your exchanges or other exchanges. How Ukraine’s wide use of cryptocurrency is playing out during the war 2022-05-24T04:00:00Z In the early days of the war, the Russian ruble lost half its value. After 3 months of war, life in Russia has profoundly changed 2022-05-23T04:00:00Z Russian officials have already moved to introduce the ruble as the local currency, install proxy politicians in government and cut the population off from Ukrainian broadcasts. As Biden Signs $40 Billion Aid Package for Ukraine, Calls Grow for a Cease-Fire 2022-05-21T04:00:00Z Russia had already used strict capital controls and a massive interest rate hike to stabilize the ruble. Europe accepts Putin’s demands on gas payments to avoid more shut-offs 2022-05-24T04:00:00Z “The capital controls are probably the primary driver of why the ruble has recovered and strengthened so much,” said Brendan McKenna, an emerging-markets economist and currency strategist at Wells Fargo Securities. Russia cuts its benchmark rate to 11 percent as the ruble hits a multiyear high. 2022-05-26T04:00:00Z You have criticized other exchanges for allowing transactions in rubles. How Ukraine’s wide use of cryptocurrency is playing out during the war 2022-05-24T04:00:00Z The comparatively strong ruble, however heartening it may seem, also poses problems for the national budget, Weafer said. After 3 months of war, life in Russia has profoundly changed 2022-05-23T04:00:00Z “Russia did the same thing with Finland it has done earlier with some other countries to maintain its own credibility,” Vanhanen said, referring to the Kremlin’s demands to buy its gas in rubles. Russia cuts off gas exports to Finland in symbolic move 2022-05-21T04:00:00Z As recently as last week, Eric Mamer, the European Commission’s chief spokesman, said opening an account for rubles would constitute a breach of sanctions. Europe accepts Putin’s demands on gas payments to avoid more shut-offs 2022-05-24T04:00:00Z “It’s really, really difficult right now to just buy U.S. dollars and convert rubles into dollars or any other currency in Russia.” Russia cuts its benchmark rate to 11 percent as the ruble hits a multiyear high. 2022-05-26T04:00:00Z I kind of want to unpack how you can run a totally decentralized thing and then impose rules like, “No rubles.” How Ukraine’s wide use of cryptocurrency is playing out during the war 2022-05-24T04:00:00Z “Payments for gas supplied from April 1 must be made in rubles … which the counterparties were informed of in a timely manner,” Gazprom said, according to a report from Russian state news operator TASS. Russia cuts off gas from Finland amid wider push into Ukraine's east 2022-05-21T04:00:00Z Just this week, the French automaker Renault sold a factory in the country to a Russian government-linked firm for one ruble. U.S. Company Supplying Russian Military Seeks Exit, Caught Between Sanctions and Kremlin 2022-05-20T04:00:00Z That person said that even if a European company were to pay directly in rubles, it would not violate sanctions. Europe accepts Putin’s demands on gas payments to avoid more shut-offs 2022-05-24T04:00:00Z Since then, the ruble has strengthened and become the best-performing currency in the world. Russia cuts its benchmark rate to 11 percent as the ruble hits a multiyear high. 2022-05-26T04:00:00Z If you continue using the currency of the enemy, you are helping the enemy, because that ruble is used for some kind of economic activity. How Ukraine’s wide use of cryptocurrency is playing out during the war 2022-05-24T04:00:00Z Russia said that it was suspending the supply because Finland had failed to comply with its demand to make payments in rubles. Washington Warns Britain to Temper Its Spat With E.U. Over Northern Ireland 2022-05-20T04:00:00Z They have already made changes in some areas, introducing the ruble currency, installing proxy politicians and cutting the population off from Ukrainian broadcasts. Russia Hustles to Recruit Soldiers and Halts Gas Supplies to Finland 2022-05-20T04:00:00Z While Eni said directly that it was opening an account for the ruble conversion, OMV said more vaguely that it was opening a “conversion account.” Europe accepts Putin’s demands on gas payments to avoid more shut-offs 2022-05-24T04:00:00Z On Monday, the finance ministry said exporting companies needed to exchange only half their foreign currency earnings into rubles within 60 days. Russia cuts its benchmark rate to 11 percent as the ruble hits a multiyear high. 2022-05-26T04:00:00Z I am against any sanctions — even though I was against the ruble — but it is a general trend. How Ukraine’s wide use of cryptocurrency is playing out during the war 2022-05-24T04:00:00Z Officials have already moved to introduce the ruble currency, install proxy politicians in local governments and cut the population off from Ukrainian broadcasts. Washington Warns Britain to Temper Its Spat With E.U. Over Northern Ireland 2022-05-20T04:00:00Z Russia said that it was suspending the supply because Finland had failed to comply with its demand to make payments in rubles. Russia Hustles to Recruit Soldiers and Halts Gas Supplies to Finland 2022-05-20T04:00:00Z The company wouldn’t comment when asked if the account was for rubles. Europe accepts Putin’s demands on gas payments to avoid more shut-offs 2022-05-24T04:00:00Z Finland had refused Moscow’s demand that it pay for gas in rubles. In biggest victory yet, Russia claims to capture Mariupol 2022-05-20T04:00:00Z If we, as the world, decided that we impose sanctions on the economy of the country, obviously the ruble should be shut down. How Ukraine’s wide use of cryptocurrency is playing out during the war 2022-05-24T04:00:00Z If she still does not pay, the 30,000 rubles will be automatically deducted from her bank account. War critics in Russia, facing continuing crackdown, turn to craftier, coded protests 2022-05-20T04:00:00Z Officials have already moved to introduce the ruble currency, install proxy politicians in local governments and cut the population off from Ukrainian broadcasts. Russia Hustles to Recruit Soldiers and Halts Gas Supplies to Finland 2022-05-20T04:00:00Z Alexander Novak, Russia’s deputy prime minister, said last week that “about half” of Gazprom’s 54 foreign clients have opened ruble accounts. Europe accepts Putin’s demands on gas payments to avoid more shut-offs 2022-05-24T04:00:00Z Italian energy company Eni said this week that it was “starting procedures” to open a euro and a ruble account. Finland says Russia suspending natural gas supplies 2022-05-20T04:00:00Z If they had savings within Russia, they would just spend it all on crypto, and stop supporting the ruble. How Ukraine’s wide use of cryptocurrency is playing out during the war 2022-05-24T04:00:00Z That led to a plummet in the value of the ruble. U.S. Aims to Cripple Russian Oil Industry, Officials Say 2022-05-19T04:00:00Z Russia said Friday that it was suspending gas shipments to Finland because the Finnish gas company had failed to make payments in rubles. Russia Hustles to Recruit Soldiers and Halts Gas Supplies to Finland 2022-05-20T04:00:00Z Paying in rubles would constitute a sanctions violation. Europe accepts Putin’s demands on gas payments to avoid more shut-offs 2022-05-24T04:00:00Z Putin has declared that “unfriendly foreign buyers” open two accounts in state-owned Gazprombank, one to pay in euros and dollars as specified in contracts and another in rubles. Finland says Russia suspending natural gas supplies 2022-05-20T04:00:00Z Just imagine for a second what would happen if there was no ruble, and there was crypto instead of a ruble? How Ukraine’s wide use of cryptocurrency is playing out during the war 2022-05-24T04:00:00Z In Moscow, shoppers complained that a kilogram of bananas had shot up to 100 rubles from 60, while in Irkutsk, an industrial city in Siberia, the price of tampons at a store doubled to $7. In Russia, as Prices Soar, the Outlook for Its Economy Grows ‘Especially Gloomy’ 2022-05-19T04:00:00Z Poland and Bulgaria also had balked at making payments in rubles. Russia Hustles to Recruit Soldiers and Halts Gas Supplies to Finland 2022-05-20T04:00:00Z “The ruble itself is not sanctioned,” the person said. Europe accepts Putin’s demands on gas payments to avoid more shut-offs 2022-05-24T04:00:00Z But it says opening a second account in rubles would breach them. Finland says Russia suspending natural gas supplies 2022-05-20T04:00:00Z On the flip side, you need to trust me enough to say, “You are not going to get to transact in rubles on Kuna Exchange, which I run.” How Ukraine’s wide use of cryptocurrency is playing out during the war 2022-05-24T04:00:00Z The ruble is trading at its highest level in more than two years. In Russia, as Prices Soar, the Outlook for Its Economy Grows ‘Especially Gloomy’ 2022-05-19T04:00:00Z In April, Russia’s state-controlled gas company, Gazprom, shut off the supply of natural gas to Poland and Bulgaria when they refused a Kremlin demand to pay in rubles — and threatened more cutoffs to come. Global economic tremors complicate Western leaders’ Russia sanctions 2022-05-18T04:00:00Z Gazprom cut off gas to Poland and Bulgaria after they refused demands to make payments in rubles. Europe’s push to cut Russian gas faces a race against winter 2022-05-18T04:00:00Z It has already installed a pro-Russian occupying administration in the Kherson region north of Crimea and is transferring the region’s financial system to the Russian currency, the ruble — a possible prelude to annexing it outright. With Ukraine Taking Firmer Stance, Peace Talks Grind to a Halt 2022-05-17T04:00:00Z If every single exchange would cut off ruble — and pretty much everyone now cut off ruble — it means it could no longer be used to buy crypto. How Ukraine’s wide use of cryptocurrency is playing out during the war 2022-05-24T04:00:00Z The French company will sell its stake in Russia’s largest automaker for one ruble, with the option of returning within six years. Renault strikes a deal to exit Russia, for now. 2022-05-16T04:00:00Z Russia announced last month it was cutting off natural gas exports to Bulgaria and Poland over the countries’ refusal to pay in rubles. Biden praises Greece for leadership after Russia invasion 2022-05-16T04:00:00Z Plus, Gazprom has already cut off gas to Poland for refusing to meet Moscow’s demand to make payments in rubles. Russian pipeline sanctions raise fears of gas interruption 2022-05-13T04:00:00Z If Ukrainians want assistance from the Russian government — often a necessity, since Ukrainian cash can’t be exchanged into Russian rubles — they often need to give up their passports to get it. Ukrainian refugees in Russia report interrogations, detention and other abuses 2022-05-11T04:00:00Z The only other way for them to buy crypto is to actually exit the ruble zone. How Ukraine’s wide use of cryptocurrency is playing out during the war 2022-05-24T04:00:00Z While Russia has cut off natural gas to Poland and Bulgaria over a dispute about payments in rubles, Wednesday’s cutoff is the first disruption in gas supplies flowing through Ukraine due to the war. EXPLAINER: What’s the fallout from Ukraine’s pipe shutdown? 2022-05-11T04:00:00Z Across eastern Ukraine, Russia appeared intent on making its occupation permanent through Russian flags, Russian-language signs and the introduction of the ruble. Both Sides Harden Positions on Anniversary of Nazi Defeat in Europe 2022-05-08T04:00:00Z Last month, Gazprom said it had completely cut off natural gas supplies to Poland and Bulgaria over the rubles dispute. Russian pipeline sanctions raise fears of gas interruption 2022-05-13T04:00:00Z These measures stopped the initial panic and helped the ruble rebound, but the capital controls have only been partly lifted. The Woman Steering Russia’s War Economy 2022-05-08T04:00:00Z Russia cut off gas sales to Poland and Bulgaria when they balked at demands to make payments in rubles. Europe’s Quest to Replace Russian Gas Faces Plenty of Hurdles 2022-05-05T04:00:00Z The payments had initially been made in rubles, potentially breaching the contract, which triggered the opening of the CDS case. CDS committee closes Russia April payments case -statement 2022-05-06T04:00:00Z Russia needs to be made to pay for that by the international banking system — and not in rubles. Opinion | The cost to Russia when Ukraine wins the war 2022-05-05T04:00:00Z Russia stopped gas deliveries to Bulgaria last week in response to Sofia’s refusal to pay for it in rubles saying it violates existing contracts. Live: Live updates | Spain arrests Ukrainian politician-blogger 2022-05-05T04:00:00Z They also face a nerve-wracking showdown with Moscow over its demands for payments in rubles, and the possibility that Russia will block supplies, as it did to Bulgaria and Poland last week. Europeans weigh costs of cutting Russian energy over Ukraine 2022-05-04T04:00:00Z Ratings agencies have said that if bonds specify payment in dollars, then paying in rubles amounts to a failure to pay as promised. EXPLAINER: What’s the latest in Russia’s dance with default? 2022-05-03T04:00:00Z Russian authorities would impose puppet local officials, Russian-language school curriculum and even the use of rubles. Mariupol evacuees head to safety as Russia pummels eastern Ukraine 2022-05-03T04:00:00Z Ukraine’s government says Russia has introduced its ruble as currency there. Aid workers prep stretchers, toys for Mariupol evacuees 2022-05-03T04:00:00Z Russia last week cut off natural gas supplies to Bulgaria and Poland over a demand to guarantee payment in rubles, in an escalating dispute triggered by the invasion of Ukraine. Balkan leaders meet to support gas project rivaling Russia 2022-05-03T04:00:00Z Putin has decreed that “unfriendly countries” must pay for gas contracts in rubles — a demand the E.U. has said it will oppose. E.U. close to deal on Russian oil phaseout; Hungary, Slovakia object 2022-05-02T04:00:00Z One reason Russia would want to pay in rubles instead of its reserves of foreign currency is that a large part of them have been frozen abroad. EXPLAINER: What’s the latest in Russia’s dance with default? 2022-05-03T04:00:00Z Ukraine’s government has said Russia also has introduced the ruble as currency there. US official: Russia plans to annex parts of eastern Ukraine 2022-05-02T04:00:00Z The Kremlin-controlled energy giant Gazprom cut supplies to Bulgaria and Poland last week after Mr. Putin said “unfriendly” countries must start paying in rubles. Russian war struggles for traction as Europe weighs new sanctions 2022-05-02T04:00:00Z Russian President Vladimir Putin in recent days lashed out at his foes in the West by cutting off natural gas supplies to Bulgaria and Poland for their refusal to pay in rubles. Russian threats redraw the global energy map 2022-04-30T04:00:00Z It also watched with worry last week as Moscow immediately halted gas supplies to Poland and Bulgaria after they rejected Russian demands to pay for gas in rubles. Germany: Quitting Russian oil by late summer is ‘realistic’ 2022-05-01T04:00:00Z The Kremlin can still borrow rubles at home, where it mostly relies on Russian banks to buy its bonds. EXPLAINER: What’s the latest in Russia’s dance with default? 2022-05-03T04:00:00Z LVIV, Ukraine - The British military says the Russian ruble will be used as currency in a Ukrainian city that Moscow seized earlier in the war. Live updates l Blinken says US diplomats to visit Kyiv again 2022-05-01T04:00:00Z Russia used its foreign currency reserves sitting outside of the country to make the payment, backing down from the Kremlin’s earlier threats that it would use rubles to pay these obligations. Despite payment, investors brace for Russia to default 2022-04-30T04:00:00Z They tell residents they should switch to Russian passports and the currency will change to the ruble soon. ‘Our roots are there’: Ukrainians cross front line for home 2022-04-29T04:00:00Z The central bank’s policy to force exporters to sell 80 percent of their hard-currency earnings has prevented a ruble implosion, while Putin has declared that the “economic blitzkrieg” against Russia has failed. Cracks emerge in Russian elite as tycoons start to bemoan invasion 2022-04-29T04:00:00Z At that time, tightened sanctions imposed for Russia’s invasion of Ukraine prevented the payment from being accepted, so Moscow attempted to make the debt payment in rubles. Russia makes last-minute bond payment to avoid default 2022-04-29T04:00:00Z The British military wrote that the city of Kherson will begin a four-month transition from the Ukrainian hryvnia to the ruble starting Sunday. Live updates l Blinken says US diplomats to visit Kyiv again 2022-05-01T04:00:00Z In a statement, the Russia Finance Ministry did not say whether future payments would be made in rubles. Despite payment, investors brace for Russia to default 2022-04-30T04:00:00Z Under Putin’s new payment system, the Kremlin has said importers would have to establish an account in dollars or euros at Russia’s third-largest bank, Gazprombank, then a second account in rubles. Putin gas cutoff shakes up Europe at little cost to Kremlin 2022-04-28T04:00:00Z Most European buyers have not complied, which would subvert European Union financial sanctions imposed on Russia after the Ukraine invasion and help prop up the battered ruble. Ukraine War Impact Widens: Russia Cuts Gas Flow and Vows More Reprisals 2022-04-27T04:00:00Z The suspension will last “until the payments are made” in rubles, Gazprom said. Russia cuts off gas to Poland, Bulgaria, stoking tensions with E.U. 2022-04-26T04:00:00Z Gazprom said it shut off the two countries because they refused to pay in rubles, as President Vladimir Putin has demanded of “unfriendly” nations. European leaders blast cutoff of Russian gas as ‘blackmail’ 2022-04-27T04:00:00Z Investors and rating agencies, however, disagreed and did not expect Russia to be able to convert the rubles into dollars before a 30-day grace period expired next week. Despite payment, investors brace for Russia to default 2022-04-30T04:00:00Z Before the conversion is made, Russian authorities could say the companies have not paid because the funds have not been turned into rubles in the second bank account. Putin gas cutoff shakes up Europe at little cost to Kremlin 2022-04-28T04:00:00Z Putin warned of that possibility if countries don’t pay for energy supplies in rubles. EXPLAINER: What’s behind Russia’s natural gas cutoff? 2022-04-27T04:00:00Z Russian energy behemoth Gazprom on Wednesday shut off gas supplies to Poland and Bulgaria after the countries refused to pay in rubles. Russia cuts off gas supplies to Poland, Bulgaria 2022-04-27T04:00:00Z Most European countries have publicly balked at Russia’s demand for rubles, but it is not clear how many have actually faced the moment of decision so far. European leaders blast cutoff of Russian gas as ‘blackmail’ 2022-04-27T04:00:00Z Hours later Poland said it had received notice that Gazprom was cutting off supplies to Poland for failing to comply with new demands to pay in Russian rubles. Live: Live updates | Serbia says it’s not affected by gas cutoff 2022-04-27T04:00:00Z The sanctions violation essentially comes with the use of the second bank account because the ruble conversion involves a transaction involving Russia’s sanctioned central bank. Putin gas cutoff shakes up Europe at little cost to Kremlin 2022-04-28T04:00:00Z Under the new payment system, the Kremlin has said importers would have to establish an account in dollars or euros at Russia’s third-largest bank, Gazprombank, then a second account in rubles. EXPLAINER: What’s behind Russia’s natural gas cutoff? 2022-04-27T04:00:00Z Hungary is the only European Union country that’s offered to pay in rubles. Russia cuts off gas supplies to Poland, Bulgaria 2022-04-27T04:00:00Z In a memo, state-controlled Russian giant Gazprom said it was cutting Poland and Bulgaria off from its natural gas because they refused to pay in Russian rubles, as President Vladimir Putin had demanded. Russia cuts off 2 EU nations from its gas in war escalation 2022-04-27T04:00:00Z Gazprom said it would suspend gas deliveries to Bulgaria and Poland beginning on Wednesday after those countries refused to comply with Russian President Vladimir Putin’s demand that European countries pay for gas in rubles. Live: Live updates | Serbia says it’s not affected by gas cutoff 2022-04-27T04:00:00Z European Union officials say yielding to Putin’s demand to pay for gas in rubles would violate Western sanctions imposed over the war. Putin gas cutoff shakes up Europe at little cost to Kremlin 2022-04-28T04:00:00Z State-controlled Russian energy giant Gazprom said it was cutting off Poland and Bulgaria because they refused to pay in Russian rubles, as President Vladimir Putin has demanded. EXPLAINER: What’s behind Russia’s natural gas cutoff? 2022-04-27T04:00:00Z Greece’s next scheduled payment to Gazprom is due on May 25, and the government must decide whether it will comply with the demand to complete the transaction in rubles. Poland, Bulgaria denounce Russian gas ‘blackmail’ 2022-04-27T04:00:00Z The move follows Russian President Vladimir Putin’s order to switch to rubles in payments for the Russian gas supplied to Europe. Live updates | Russia cuts gas supply to Poland, Bulgaria 2022-04-27T04:00:00Z He added that supply was assured after Hungary reached an agreement with Russia whereby gas payments would be made to Gazprombank in euros and then converted into rubles. Live: Live updates | Serbia says it’s not affected by gas cutoff 2022-04-27T04:00:00Z Both countries had refused Russia’s demands that they pay in rubles, as have almost all of Russia’s gas customers in Europe. US: Allies must move ‘at the speed of war’ to help Ukraine 2022-04-26T04:00:00Z They would be the first such supply halts since Mr. Putin demanded last month that “unfriendly” importers of Russian energy pay in rubles, the Russian currency, the Associated Press reported. U.S., allied military leaders defy Kremlin with new Ukraine aid plans 2022-04-26T04:00:00Z The gas cutoff came after Russian President Vladimir Putin said that “unfriendly” countries would need to start paying for gas in rubles, Russia’s currency, which Bulgaria and Poland refused to do. Poland, Bulgaria denounce Russian gas ‘blackmail’ 2022-04-27T04:00:00Z Last month, when he rammed legislation through his parliament requiring Europe's gas payments in rubles, not euros, Germany refused, despite the threat of a gas embargo. How to end the war in Ukraine: Sanctions against Russia won't work — but this might 2022-04-24T04:00:00Z The spat over whether gas deliveries will be paid in rubles, as Russia has demanded, only highlights the bind that European countries find themselves in. Opinion | Can Sanctions Really Stop Putin? 2022-04-22T04:00:00Z Those included hiking interest rates to as high as 20%, instituting capital controls and forcing Russian business to convert their profits into rubles. Sanctions hit Russian economy, although Putin says otherwise 2022-04-23T04:00:00Z On April 14, 2022, Moody's Investors Service warned the country's decision to make payments on dollar-issued debt in rubles would constitute a default because it violates the terms of the contract. Russia faces first foreign default in a century – which could complicate Putin's war in Ukraine 2022-04-19T04:00:00Z Hours later, Poland said it had received notice that Gazprom was cutting off its gas supplies for failing to adhere to the demand to pay in Russian rubles. Poland, Bulgaria denounce Russian gas ‘blackmail’ 2022-04-27T04:00:00Z Aggressive capital controls imposed by the central bank have helped the ruble recover from its crash in the days after the invasion. Bleak assessments of the Russian economy clash with Putin’s rosy claims. 2022-04-18T04:00:00Z The committee is deliberating whether Russia’s payments in rubles constitute a “failure to pay,” which would kick-start insurance payouts. A Russian Default Is Looming. A Bitter Fight Is Likely to Follow. 2022-04-16T04:00:00Z As a result, the value of the ruble has recovered after an initial plunge, and last week the central bank reversed part of its interest rate increase. Sanctions hit Russian economy, although Putin says otherwise 2022-04-23T04:00:00Z That gave Russia little choice but to try to make the payments in rubles, whose value has been very volatile since the invasion. Russia faces first foreign default in a century – which could complicate Putin's war in Ukraine 2022-04-19T04:00:00Z In occupied parts of the Kherson and Zaporizhzhia regions, he said, the Russians are creating separatist states and introducing Russian currency, the ruble. Zelenskyy: Russian troops using ‘torture chambers’ 2022-04-17T04:00:00Z Defeatists note that Russia’s financial system has stabilized, the ruble has recovered its value and the central bank has been able to undo part of its emergency interest-rate hike. Opinion | The West must keep hitting Russia with new sanctions 2022-04-14T04:00:00Z To some analysts, that decision and the payments in rubles mean that Russia already is technically in default. A Russian Default Is Looming. A Bitter Fight Is Likely to Follow. 2022-04-16T04:00:00Z The Kremlin and its allies on social media have repeatedly pointed to the recovery of Russia’s ruble as a sign that Western sanctions aren’t working. Sanctions hit Russian economy, although Putin says otherwise 2022-04-23T04:00:00Z The Russian central bank last week dropped its main interest rate to 17 percent after doubling it to 20 percent to defend the ruble. Lengthening war in Ukraine creates major problems for global economy 2022-04-13T04:00:00Z Standard & Poor’s cut Russia’s credit rating on Friday after it defaulted on its sovereign debt by paying dollar-denominated bondholders in rubles. Putin defends war as possible use of chemical weapons is investigated 2022-04-12T04:00:00Z Russian companies and individuals have been ordered to support the currency by switching money into rubles and not sending capital abroad. Opinion | The West must keep hitting Russia with new sanctions 2022-04-14T04:00:00Z Russian President Vladimir Putin has already sought to have gas payments be made in rubles, in an apparent bid shore up the currency. Italy’s premier to sign gas deal with Algeria amid war 2022-04-11T04:00:00Z The ruble crashed to around 150 to the dollar in the early days of the war but recovered to around 80 to the dollar, about where it was before the invasion. Sanctions hit Russian economy, although Putin says otherwise 2022-04-23T04:00:00Z The cut suggests Russian authorities feel they can afford to lower their defenses around the ruble and make credit more affordable so that companies can invest and hire. Lengthening war in Ukraine creates major problems for global economy 2022-04-13T04:00:00Z She was fired from her job and fined 30,000 rubles, about $375, by a court that said she had discredited Russian troops. Russian students are turning in teachers who don’t back the war 2022-04-10T04:00:00Z Last week, the finance ministry said if the reserves were unfrozen, then the ruble payments could be converted to dollars. S&P Global Places Russia in ‘Selective Default’ 2022-04-10T04:00:00Z He is considering: “There was a sign here for which a 100,000 ruble fine was imposed.” Spurred by Putin, Russians turn on one another over the war 2022-04-09T04:00:00Z Russia’s central bank had doubled its benchmark interest rate to support the ruble’s plunging value and stop bank runs. Sanctions hit Russian economy, although Putin says otherwise 2022-04-23T04:00:00Z S&P Global Ratings late Friday said the Russian government was in “selective default” on its U.S. dollar-denominated bonds after making interest and principal payments on April 4 in rubles. Lengthening war in Ukraine creates major problems for global economy 2022-04-13T04:00:00Z S&P issued the downgrade after Russia made arrangements to pay dollar-denominated bond payments in rubles. S&P downgrades Russian foreign currency rating 2022-04-09T04:00:00Z S&P Global has placed Russia under a “selective default” rating after the Russian government said last week that it had repaid about $650 million in dollar-denominated debt in rubles. S&P Global Places Russia in ‘Selective Default’ 2022-04-10T04:00:00Z S&P Global Ratings issued the downgrade to “selective default” late Friday after Russia arranged to make foreign bond payments in rubles on Monday when they were due in dollars. S&P downgrade indicates Russia headed for historic default 2022-04-09T04:00:00Z This isn’t the first time Russia has thrown its full force behind defending the ruble’s value as a symbol of resistance against the West. Sanctions hit Russian economy, although Putin says otherwise 2022-04-23T04:00:00Z S&P said in a statement it understood that Russia had made coupon and principal payments on dollar-denominated Eurobonds in rubles on Monday. S&P cuts Russia's foreign currency rating to 'selective default' 2022-04-09T04:00:00Z Russia has committed to paying its foreign debts but has signaled that payments will be made in rubles if its overseas accounts remain frozen. S&P downgrades Russian foreign currency rating 2022-04-09T04:00:00Z Subsequently, the Russian finance ministry said it paid the debt in rubles. S&P Global Places Russia in ‘Selective Default’ 2022-04-10T04:00:00Z It said it didn’t expect Russia to be able to convert the rubles into dollars within the 30-day grace period allowed. S&P downgrade indicates Russia headed for historic default 2022-04-09T04:00:00Z Throughout the 1970s and ’80s, the Soviet Union had an official exchange rate of one ruble equaling about $1.35, whereas the black-market exchange rate was closer to four rubles to the dollar. Sanctions hit Russian economy, although Putin says otherwise 2022-04-23T04:00:00Z “We currently don’t expect that investors will be able to convert those ruble payments into dollars equivalent to the originally due amounts, or that the government will convert those payments within a 30-day grace period.” S&P cuts Russia's foreign currency rating to 'selective default' 2022-04-09T04:00:00Z As officials considered how to target the ruble, Ms. Yellen, a former Federal Reserve chair, argued against just imposing a ban on foreign exchange transactions, which would prevent Russia from buying dollars. Treasury Aims for Economic Pain on Russia, but Critics Question Effectiveness 2022-04-08T04:00:00Z The ruble fell from 79 to the dollar the day before the invasion to as low as 139 to the dollar. Russia cuts interest rate as ruble settles despite sanctions 2022-04-08T04:00:00Z While Russia has signaled that it remains willing to pay its debts, the Kremlin also has warned that it would do so in rubles if its overseas accounts in foreign currencies remain frozen. S&P downgrade indicates Russia headed for historic default 2022-04-09T04:00:00Z Treasury officials have dismissed the significance of the ruble’s recovery. Sanctions hit Russian economy, although Putin says otherwise 2022-04-23T04:00:00Z On Thursday, Ukraine’s foreign ministry said it considered Hungary’s position on ruble payments, which would help prop up Russia’s currency, to be “unfriendly.” Ukraine pleads for more weapons as Russia shifts its firepower east 2022-04-07T04:00:00Z The Biden administration has watched with concern as the value of the ruble has rebounded in recent weeks, undercutting pronouncements made by Mr. Biden that sanctions reduced the Russian currency to “rubble.” Treasury Aims for Economic Pain on Russia, but Critics Question Effectiveness 2022-04-08T04:00:00Z The bank said weekly price data showed “a substantial slowdown in the pace of price increases, partly as a result of the dynamic of the ruble’s exchange rate.” Russia cuts interest rate as ruble settles despite sanctions 2022-04-08T04:00:00Z Russia has used strict capital controls, other severe measures and proceeds from oil and gas sales to artificially prop up the ruble. S&P downgrade indicates Russia headed for historic default 2022-04-09T04:00:00Z “The Russian economy is really reeling from the sanctions that we put in place,” Treasury Secretary Janet Yellen said, adding that the ruble’s value has been artificially inflated by central bank intervention. Sanctions hit Russian economy, although Putin says otherwise 2022-04-23T04:00:00Z The Treasury secretary downplayed the rebound of Russia’s currency, the ruble, which cratered after the sanctions were imposed in February but has since regained its value. Yellen says the aim is ‘maximum pain’ for Russia without hurting the U.S. economy. 2022-04-06T04:00:00Z But the ruble has recently recovered and Europe continues to buy billions of dollars worth of Russian oil and gas. U.S. widens sanctions against Russia as questions about effectiveness mount 2022-04-06T04:00:00Z It had raised the rate from 9.5% on Feb. 28, four days after the invasion, as a way to support the ruble’s plunging exchange rate. Russia cuts interest rate as ruble settles despite sanctions 2022-04-08T04:00:00Z So has Hungary and its president, a Putin ally who is bending to Russian demands to pay for gas imports with rubles. EXPLAINER: A look at West’s escalating sanctions on Russia 2022-04-06T04:00:00Z Russia said it has instead transferred the funds in rubles into a special bank account with Russia’s National Settlement Depository, the country’s securities regulator. Russia to pay bonds in rubles, which may cause default 2022-04-06T04:00:00Z Ms. Yellen said that the ruble’s apparent recovery was the result of currency controls that Russia had put in place and that its exchange rate did not reflect its true value. Yellen says the aim is ‘maximum pain’ for Russia without hurting the U.S. economy. 2022-04-06T04:00:00Z But last week, Russia bought back about three-quarters of the debt in exchange for rubles, a relatively unusual move that shrank its dollar obligations. Here’s how Russia has avoided defaulting on its debt. 2022-04-04T04:00:00Z Russia has demanded that “unfriendly countries” pay for gas in rubles, or risk getting no gas at all. Bucha massacre tests Europe’s red lines on Russian energy 2022-04-04T04:00:00Z European leaders last week insisted those same contracts protected them from Russia’s demand to pay for gas in rubles. EXPLAINER: Why is Europe balking at a ban on Russian energy? 2022-04-04T04:00:00Z While Russia has signaled it remains willing to pay its debts, the Kremlin warned that if sanctions stayed in place, it would continue to pay debtholders in rubles instead of dollars or euros. Russia to pay bonds in rubles, which may cause default 2022-04-06T04:00:00Z Russian President Vladimir Putin’s demand that customers begin paying for natural gas in rubles sends shudders through energy markets. Ukraine braces for Russian onslaught in the east as gruesome cleanup continues 2022-04-03T04:00:00Z He drove plush toys from Smolensk, Russia, hawked meat at an open-air market and thumbed stacks of rubles on the black-market currency exchange. The Battle for the Mural — and the Future of Belarus 2022-03-30T04:00:00Z As he has tried to wield his energy clout externally, Mr. Putin has taken steps to insulate Russia’s economy from the impact of sanctions and to prop up the ruble. Putin Reminds the World He Still Wields a Powerful Economic Weapon 2022-04-02T04:00:00Z Russia recently insisted on conducting payments for energy exports in rubles, creating more demand for its currency. Perspective | Russia’s military losses give diplomacy a fighting chance 2022-04-01T04:00:00Z “If this blocking continues and transfers for debt repayments are also blocked from these frozen funds, they can be paid out in rubles.” Russia to pay bonds in rubles, which may cause default 2022-04-06T04:00:00Z Changing currency would normally follow extended negotiations, analysts say, with customers demanding something in return for being exposed to fluctuations that would come with paying in the less-stable ruble. EXPLAINER: What’s next for Europe’s natural gas during war? 2022-04-02T04:00:00Z They also want local businesses to switch to the Russian ruble for goods and services, according to the Ukraine Ministry of Defense. Red Cross unable to rescue residents of besieged Mariupol 2022-04-01T04:00:00Z Mr. Putin’s demand that gas purchases be paid in rubles looked like another one of those interventions. Putin Reminds the World He Still Wields a Powerful Economic Weapon 2022-04-02T04:00:00Z Such financial manipulations are working: Already, the ruble, after plummeting earlier this year, is rebounding. Perspective | Russia’s military losses give diplomacy a fighting chance 2022-04-01T04:00:00Z The Kremlin’s threat to cut off European supplies of Russian oil and gas unless payments are made in rubles has raised the specter of even higher energy costs. Energy prices in Europe soar 45 percent as inflation hits another record. 2022-04-01T04:00:00Z Importers would simply have to establish an account in dollars or euros at a designated bank, then a second account in rubles. EXPLAINER: What’s next for Europe’s natural gas during war? 2022-04-02T04:00:00Z In the first two weeks of the war, the ruble lost nearly half its value against the dollar. Opinion | The West is winning the economic battles in Putin’s war against Ukraine 2022-03-31T04:00:00Z Russia could just as easily take the ongoing influx of euros and dollars paid by foreign governments and convert them to rubles. Putin Reminds the World He Still Wields a Powerful Economic Weapon 2022-04-02T04:00:00Z Russia’s ruble and banking system are showing continued signs of recovery from the initial punch of sanctions, as Moscow relies on energy exports and currency controls to partly protect the nation’s economy. Despite Western sanctions, Russian ruble and banks are recovering 2022-03-31T04:00:00Z Putin announced Thursday that he had signed a decree requiring “unfriendly countries” to pay for natural gas in rubles through Russian banks. Mariupol evacuations expected after temporary cease-fire is declared 2022-03-31T04:00:00Z The importer would pay the gas bill in euros or dollars and direct the bank to exchange the money for rubles. EXPLAINER: What’s next for Europe’s natural gas during war? 2022-04-02T04:00:00Z Russia’s leaders have scrambled to prop up the ruble, but this has caused new difficulties. Opinion | The West is winning the economic battles in Putin’s war against Ukraine 2022-03-31T04:00:00Z But Mr. Putin’s sudden demand for rubles helped prompt Germany and Austria to prepare their citizens for what might come. Putin Reminds the World He Still Wields a Powerful Economic Weapon 2022-04-02T04:00:00Z After initially plummeting, the ruble has rebounded and is edging closer to the value it held before the war began, according to the official exchange rate. Despite Western sanctions, Russian ruble and banks are recovering 2022-03-31T04:00:00Z But French, German and British officials are rejecting Russian demands to pay for gas deliveries in Russian rubles. Mariupol evacuations expected after temporary cease-fire is declared 2022-03-31T04:00:00Z In theory, payment in rubles would increase demand for the currency and help the Kremlin prop up its exchange rate, which has regained ground from its initial plunge after the invasion. EXPLAINER: What’s next for Europe’s natural gas during war? 2022-04-02T04:00:00Z Authorities have slammed on capital controls, banning ordinary Russians from exchanging rubles for dollars and limiting their ability to get dollars out of their own bank accounts. Opinion | The West is winning the economic battles in Putin’s war against Ukraine 2022-03-31T04:00:00Z A day earlier, President Vladimir Putin said Russia would start accepting ruble payments Friday and gas supplies would be cut off if buyers don’t agree to the new conditions, including opening ruble accounts. Russia: Push to pay for gas in rubles not disrupting supply 2022-04-01T04:00:00Z In the days after Russia’s invasion began on Feb. 24, the ruble fell from about 80 to the dollar to a low of 120 to the dollar. Despite Western sanctions, Russian ruble and banks are recovering 2022-03-31T04:00:00Z A spokesman for British Prime Minister Boris Johnson told reporters that paying in rubles “is not something we will be looking to do,” Reuters reported. Mariupol evacuations expected after temporary cease-fire is declared 2022-03-31T04:00:00Z But gas exporter Gazprom already has to sell 80% of its foreign earnings for rubles, so the boost to the currency could be minimal. EXPLAINER: What’s next for Europe’s natural gas during war? 2022-04-02T04:00:00Z Russia’s latest gambit is to demand payment for its natural gas exports in rubles. Opinion | The West is winning the economic battles in Putin’s war against Ukraine 2022-03-31T04:00:00Z But a decree he signed says countries could pay foreign currency to Gazprombank, which would convert the money into rubles in a second account to pay for the gas. Russia: Push to pay for gas in rubles not disrupting supply 2022-04-01T04:00:00Z “It’s very important what the population thinks about the health of the economy, and the ruble is one of the main indicators that every Russian knows.” Despite Western sanctions, Russian ruble and banks are recovering 2022-03-31T04:00:00Z Russia’s currency was trading at about 84 rubles on Feb. 23, the day before Moscow attacked Ukraine. White House defends sanctions amid ruble rebound 2022-03-31T04:00:00Z Russian President Vladimir Putin is demanding payment in rubles for natural gas — or else. EXPLAINER: What’s next for Europe’s natural gas during war? 2022-04-02T04:00:00Z But the German government appears ready to call Putin’s bluff: Instead of agreeing to pay in rubles, it has taken the first formal step toward gas rationing. Opinion | The West is winning the economic battles in Putin’s war against Ukraine 2022-03-31T04:00:00Z Some experts say it could be an effort to prop up the ruble, which fell in value amid sanctions but has since bounced back, though the effect on the currency would be limited. Russia: Push to pay for gas in rubles not disrupting supply 2022-04-01T04:00:00Z The official rate doesn’t necessarily reflect the ruble’s real value, economists say. Despite Western sanctions, Russian ruble and banks are recovering 2022-03-31T04:00:00Z President Biden earlier this month bragged that the sanctions had caused the Russian ruble to lose 50% of its value, saying that will make it difficult for Russian President Vladimir Putin to fund his war. White House defends sanctions amid ruble rebound 2022-03-31T04:00:00Z Putin has said importers of Russian gas must now pay in rubles. EXPLAINER: What’s next for Europe’s natural gas during war? 2022-04-02T04:00:00Z In a new twist on the gas issue, Putin threatened to turn off the gas supply to countries deemed “unfriendly” such as Germany if they did not pay in rubles. Undiplomat: Ukrainian envoy makes German leaders uncomfortable about relations with Russia 2022-04-01T04:00:00Z European leaders on Thursday pushed back against President Vladimir V. Putin’s latest threat that all natural gas imported from Russia must be paid for in rubles starting Friday — or risk having the supplies shut off. European leaders again reject Russia’s demand that gas deliveries be paid in rubles. 2022-03-31T04:00:00Z The ruble’s recovery, and the strong financing that oil and gas revenue are giving Russia’s government and war effort, have heightened calls from Ukraine and its supporters for an embargo on Russian energy exports. Despite Western sanctions, Russian ruble and banks are recovering 2022-03-31T04:00:00Z As the ruble regains its value, some have wondered if the sanctions were a failure. White House defends sanctions amid ruble rebound 2022-03-31T04:00:00Z The Kremlin indicates it also wants to extend ruble payments to other commodities, such as metals. EXPLAINER: What’s next for Europe’s natural gas during war? 2022-04-02T04:00:00Z The Russians also appeared to show some leeway on Mr. Putin’s demand that European customers of his country’s natural gas now pay in rubles, or risk a cutoff. More Mixed Signals From Russia as Ukraine War Enters Sixth Week 2022-03-31T04:00:00Z Mr. Putin said in a TV address that companies purchasing gas from Russia would need to open ruble accounts in Russian banks, effective Friday, and pay for the gas through those accounts. European leaders again reject Russia’s demand that gas deliveries be paid in rubles. 2022-03-31T04:00:00Z —The German government said it received assurances from Russia that European companies won’t have to pay for Russian gas in rubles. Ukrainian president says defense is at a ‘turning point’ 2022-03-30T04:00:00Z “What we are seeing here is an artificial propping up of the ruble by the Russian Central Bank and the Russian government,” Ms. Bedingfield said. White House defends sanctions amid ruble rebound 2022-03-31T04:00:00Z The Russian ruble by Wednesday had bounced back from the fall it took after the U.S. and European allies moved to bury the Russian economy under thousands of new sanctions over its invasion of Ukraine. Russia’s ruble rebound raises questions of sanctions’ impact 2022-03-30T04:00:00Z Russia had threatened to use rubles to pay foreign investors who hold government bonds dominated in dollars. EXPLAINER: What would paying for natural gas in rubles mean? 2022-03-30T04:00:00Z The Russian government and central bank have already taken several measures to increase the demand for rubles and prop up the currency, which plunged in value after sanctions froze the Russian central bank’s foreign assets. European leaders again reject Russia’s demand that gas deliveries be paid in rubles. 2022-03-31T04:00:00Z Russian President Vladimir Putin has ordered the government to make the necessary arrangements by Friday to ensure that European customers pay for Russian gas in rubles rather than Western currencies. Live updates: Kremlin: rubles for gas switch will take time 2022-03-30T04:00:00Z She added that the artificial steps by Russia show the ruble is no longer an adequate measure of the country’s economy. White House defends sanctions amid ruble rebound 2022-03-31T04:00:00Z The ruble was trading at roughly 85 to the U.S. dollar, roughly where it was before Russia started its invasion a month ago. Russia’s ruble rebound raises questions of sanctions’ impact 2022-03-30T04:00:00Z Shortly before the economists released their forecast, Germany triggered an early warning level for natural gas supplies amid concerns that Russia could cut off deliveries unless it is paid in rubles. German economic advisers slash 2022 growth forecast to 1.8% 2022-03-30T04:00:00Z The conversion of payments from dollars or euros into rubles was “an internal matter of the Russian Federation,” Mr. Draghi said. European leaders again reject Russia’s demand that gas deliveries be paid in rubles. 2022-03-31T04:00:00Z Habeck said he took the measure after Moscow indicated it would require payment in rubles despite the Group of Seven countries rejecting such demands on Monday. Live updates: Kremlin: rubles for gas switch will take time 2022-03-30T04:00:00Z Western nations have rejected the Russian demand for ruble payments, arguing it would undermine the sanctions imposed against Moscow over the war in Ukraine. Germany triggers warning over gas amid Russian ruble demand 2022-03-29T04:00:00Z The ruble had fallen as low as roughly 150 to the dollar on March 7, when news emerged that the Biden administration would ban U.S. imports of Russian oil and gas. Russia’s ruble rebound raises questions of sanctions’ impact 2022-03-30T04:00:00Z Putin wants to change that by requiring foreign gas importers to purchase rubles and use them to pay state-owned supplier Gazprom. EXPLAINER: What would paying for natural gas in rubles mean? 2022-03-29T04:00:00Z Mr. Putin’s insistence on being paid in rubles — instead of taking dollars or euros and converting them to rubles on his end — has been rejected by European leaders. European leaders again reject Russia’s demand that gas deliveries be paid in rubles. 2022-03-31T04:00:00Z The ruble has come under searing pressure as a result of Western sanctions imposed on Moscow in retaliation for the Ukraine invasion launched on Feb. 24. Russian, Ukrainian delegations to talk Tuesday as more U.S. troops head to Europe 2022-03-28T04:00:00Z |
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