Why the Russian ruble is strongest currency so far this year

Why the Russian ruble is strongest currency so far this year

The Russian ruble has rebounded from crippling economic sanctions imposed on Moscow following the invasion of Ukraine and is now at its strongest in more than seven years — earning it the distinction of being the best-performing currency in the world so far this year. The ruble was trading at 54.47 to the US dollar … Read more

Europe Faces “Red Alert” For Gas Supply As Russia Reduces Flows

Europe

The risk of a difficult winter of gas rationing for industries and another surge in energy bills for consumers in Europe just became greater as Russia escalated the gas row with the EU by slashing supply to major customers.  The significantly lower supply from Russia since last week and the upcoming annual maintenance at Nord … Read more

Russia declares gas war on EU – POLITICO

Russia declares gas war on EU – POLITICO

Press play to listen to this article Russian President Vladimir Putin is playing hardball with the European Union — cutting off gas deliveries to some of Russia’s best customers in a howl of rage at the sanctions imposed after invading Ukraine. It’s putting enormous political pressure on governments, threatens to leave Europeans freezing if this … Read more