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Russia tries to stem panic over the plummeting ruble, as the central bank is forced to interveneDescribing the ruble as being "in free fall," Timothy Ash, emerging markets strategist at BlueBay Asset Management, said there seemed to be a "proper currency crisis in the making in Russia." ...
“The authorities will not cancel the free conversion of the ruble,” he said. “True, it might be possible to freeze the exchange rate and thereby restore the black market of foreign ...
The Russian ruble has been declining steadily and reached a 17-month low this week, tumbling past 100 rubles to the U.S. dollar. This gives the ruble less value than a single American cent and ...
Since dependency of the ruble on oil prices dynamics is gradually declining, other factors start playing greater role in its forming, the Accounts Chamber notes MOSCOW, October 15. /TASS/.
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