Russia’s banking system is facing a sharp shortage of Chinese yuan, the de facto main foreign currency still available for international trade, driving borrowing costs sharply higher and adding ...

It is de facto the only foreign currency available to the Russian Federation for international trade without restrictions.

The Russian ruble continued its recent downtrend against the US dollar, even as the country became a major beneficiary to the ...

The yuan on the Moscow Exchange climbed to 11.69 rubles — its highest level since Sept. 25. The dollar on the over-the-counter market rose to 80.66 rubles — the highest since Jan. 6 — while the euro ...

The Russian ruble has staged a stunning rally in 2025, emerging as the world's top-performing currency so far this year. According to the Bank of America, it has been the best-performing currency ...

MOSCOW (Reuters) -The Russian rouble briefly strengthened past the level of 80 to the U.S. dollar on Wednesday before rebounding, but remained close to its highest level since June 2023. By 1000 GMT, ...

Russian Finance Minister Anton Siluanov said Wednesday it is up to the U.S. to decide whether crucial interest payments on two dollar-denominated eurobonds go through, ratcheting up fears of Moscow's ...

In the midst of a long-drawn war, declining oil prices, stiff sanctions, and an economy that's on the downhill, Russia's ruble has been rising. In fact, it is the world's best-performing currency so ...

In the midst of a long-drawn war, declining oil prices, stiff sanctions, and an economy that's on the downhill, Russia's ruble has been rising. Stream Connecticut News for free, 24/7, wherever you are ...