archiverussia

​​​​ST. PETERSBURGThe US dollar’s monopoly will slowly end as Washington is using it for political purposes, Andrey Kostin, CEO of the Russian VTB Bank, said in a recent statement.Kostin told Anadolu at the St. Petersburg International Economic Forum that sanctions imposed on Russia are illegitimate and the country is used to the treatment by the international community.“Sanctions are certainly bad, but we have to work regardless,” he said. Kostin stated that there has been a pause in sanctions on Russia during US President Donald Trump’s second term in office but...

As suited traders stare at their screens on global foreign currency markets, migrant workers from Central Asia are paying just as much attention in cities across Russia.With the US dollar tanking in value amid global market turmoil since the Trump administration unveiled a massive tariffs package, the Russian ruble has risen sharply. This means migrants in Russia are suddenly sending home much more money.“People wait months before sending money, hoping that the exchange rate will rise. As soon as it does, they run to the bank or send money on...

Vladimir Putin’s capital controls have prevented foreign firms from moving currency out of Russia and bolstered the price of the rouble - Gavriil Grigorov/Sputnik/Pool via Reuters Russia’s rouble has become the world’s best-performing global currency as Donald Trump’s tariff war upends financial markets. The rouble has strengthened 38pc against the dollar since the start of the year, according to data compiled by Bloomberg, following a dramatic fall in confidence in the US currency. Its returns have vastly outpaced the next best performing currencies, the Swedish krona and Swiss franc, which...

Vladimir Putin’s capital controls have prevented foreign firms from moving currency out of Russia and bolstered the price of the rouble - Gavriil Grigorov/Sputnik/Pool via Reuters Russia’s rouble has become the world’s best-performing global currency as Donald Trump’s tariff war upends financial markets. The rouble has strengthened 38pc against the dollar since the start of the year, according to data compiled by Bloomberg, following a dramatic fall in confidence in the US currency. Its returns have vastly outpaced the next best performing currencies, the Swedish krona and Swiss franc, which...

Vladimir Putin’s capital controls have prevented foreign firms from moving currency out of Russia and bolstered the price of the rouble - Gavriil Grigorov/Sputnik/Pool via Reuters Russia’s rouble has become the world’s best-performing global currency as Donald Trump’s tariff war upends financial markets. The rouble has strengthened 38pc against the dollar since the start of the year, according to data compiled by Bloomberg, following a dramatic fall in confidence in the US currency. Its returns have vastly outpaced the next best performing currencies, the Swedish krona and Swiss franc, which...