Russian President Vladimir Putin has been conspicuously silent since the ruble's plunge. Renee Montagne talks to Russian business journalist Kirill Belyaninov about why the ruble is in freefall.

The ruble had its worst annual slide since its 1998 default as a slew of government interventions failed to support the currency.

Russia’s wartime economy is showing severe signs of strain, teetering on the brink of recession as it grapples with a ...

The Russian ruble’s dive versus the dollar has led to its worst weekly performance in more than three years, as traders try to price the risk premium necessary to brace for what’s still left ...

The ruble hit a 17-month low against the dollar Monday, highlighting the growing squeeze on Russia’s economy from Western sanctions and a slump in export revenues.

The official exchange rate of the Russian ruble against the US dollar has fallen to its lowest level since March 2022, when Western countries imposed sweeping sanctions in response to Russia's ...

Russia’s oil and gas revenues plunged 14% in June year-on-year, with budget income hitting its lowest since January 2023 ...

The ruble extended a sell-off on Monday, dropping to the lowest level against the dollar since 2022. Investors were spooked after new sanctions were imposed on Gazprombank. Tensions with the West ...

Western sanctions have harmed Russia’s trade balance, and military spending has soared as the war in Ukraine has turned into a grueling battle of attrition.

The weak Russian ruble is hurting Central Asian workers in Russia too, per Radio Free Europe. At least 6 million Central Asians work as migrant laborers in Russia. As the ruble fell against their ...