US Dollar / Russian Ruble FX Spot Rate

G-7 nations to announce import ban on Russian gold

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G-7 nations to announce import ban on Russian gold

The move would add to a series of punitive penalties imposed by the West on Russia since its onslaught of Ukraine began on Feb. 24. Maxim Shemetov | Reuters The leaders of the G-7 nations will announce a ban on Russian gold imports for Moscow’s unprovoked invasion of Ukraine, U.S. President Joe Biden confirmed on Sunday … Read more

As inflation slows and ruble rallies, Russia is hoping to avoid a crisis

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As inflation slows and ruble rallies, Russia is hoping to avoid a crisis

Russian President Vladimir Putin. Pool | Reuters Russia believes it has swerved a financial crisis as its currency rallies and economic data improves, but strategists say the numbers mask some ugly truths for Moscow. Although inflation in the country is running hot, there are signs that price rises are slowing and will continue to do … Read more