Even as Russia marks a historic default on its debt, the nation's currency is gaining strength. The ruble hit a new high against the dollar this week, continuing its streak as the best-performing ...

Brendan Cole is a Newsweek Senior News Reporter based in London, UK. His focus is Russia and Ukraine, in particular the war started by Moscow. He also covers other areas of geopolitics including ...

How will the ruble's decline impact Russia's war against Ukraine Next year, Russia will allocate a record 13.5 trillion rubles to continue its war against Ukraine, which accounts for 41% of the ...

The Russian ruble is dominating currency markets, bolstered by wartime monetary policy and a sliding US dollar. So far this year, the tender is up 38% against the greenback in over-the-counter ...

Brendan Cole is a Newsweek Senior News Reporter based in London, UK. His focus is Russia and Ukraine, in particular the war started by Moscow. He also covers other areas of geopolitics including ...

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

Russia's ruble is hovering around its lowest value against the dollar since March 2022. A weak currency is already a big deal for ordinary people affected by inflation, but in Russia, the concern ...

Russia's ruble fell further against the dollar in the aftermath of Wagner's mutiny attempt. The currency slipped to around 91 per US dollar, blowing past its optimal value range. The ruble has ...

TALLINN, Estonia — Russia’s central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country’s currency reached ...

On Thursday, November 28, Russian President Vladimir Putin addressed the sudden and sharp fall in the ruble, reassuring the public: "The situation is under control; there's no reason to panic." ...

Russia's ruble is the top-performing currency of 2025 relative to the US dollar. Greenback weakness and Russian interest rates have strengthened the ruble. But a stronger currency could weigh on ...