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People walk past a board showing currency exchange rates of the U.S. dollar and euro against Russian rouble in Moscow

World Aug 15

Russia’s central bank raises interest rates in bid to stabilize ruble

By Dasha Litvinova, David McHugh, Associated Press

World May 25

At an exchange office in a shopping center in the Russian capital on May 17, 2022. Photo by Ulf Mauder/picture alliance via Getty Images
Russia says it will pay foreign debt in rubles after ban from U.S. banks

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.

By Associated Press

World Mar 31

Russian President Vladimir Putin signs documents, including a decree recognising two Russian-backed breakaway regions in eastern Ukraine as independent entities, during a ceremony in Moscow, Russia, in this picture released February 21, 2022. Photo by Sputnik/Alexey Nikolsky/Kremlin via REUTERS
Russia demands natural gas payments in rubles, leaves a loophole

Russian President Vladimir Putin has issued a decree demanding payment for natural gas in rubles but appeared to temper the order by allowing dollar and euro payments through a designated bank.

By Frances D'Emilio, Geir Moulson, Associated Press

World Mar 31

FILE PHOTO: A picture illustration shows U.S. Dollar and Russian Ruble banknotes in Sarajevo
As ruble rebounds, some question impact of sanctions against Russia

The Russian ruble has bounced back to almost its full value since before the West imposed economic sanctions on Russia over its invasion of Ukraine.

By Ken Sweet, Ellen Knickmeyer, Associated Press

World Mar 28

G7 summit in Brussels
G7 rejects Russia’s demand to pay for natural gas exports in rubles

Germany's energy minister told reporters Monday that "all G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts."…

By Frank Jordans, Associated Press

Mar 23

Putin wants ‘unfriendly countries’ to pay rubles for gas exports

By Associated Press

Economists said the move appeared designed to try to support the ruble, which has collapsed against other currencies since Putin invaded Ukraine and Western countries responded with far-reaching sanctions against Russia.

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Feb 28

Ruble plummets amid global sanctions, sending Russians to banks and ATMs

By Vladimir Isachenkov, David McHugh, Daria Litvinova, Associated Press

Ordinary Russians are facing the prospect of higher prices as Western sanctions over the invasion of Ukraine sent the ruble plummeting.

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Dec 16

Apple halts online sales in Russia as ruble plummets

By Justin Scuiletti

Russian shoppers looking to purchase an iPod or iPad online for the holidays were out of luck Tuesday as Apple halted all online sales of its products -- with Russia's volatile currency to blame.

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