MOSCOW, Sept 16 (Reuters) – The Russian rouble fell to new
lows on Tuesday as Russian companies paid foreign debts amid a
shortage of dollars, but comments that officials may make more
foreign currency available helped to check the losses.
The rouble has been dropping since the middle of last week.
Falling oil prices, punitive sanctions over Ukraine and broad
emerging-market weakness before this week’s meeting of the U.S.
Federal Reserve all contributed to the decline.
MOSCOW/WARSAW, Sept 13 (Reuters) – Russian gas giant Gazprom
said on Saturday it was not able to supply Poland with
the volumes of natural gas it was requesting and could only
deliver levels closer to daily minimum allowed under the
Gazprom gave no reason for its inability to deliver the gas,
but earlier this week said it was exporting gas subject to
available resources and pumping to storage facilities in Russia.
MOSCOW, Sept 12 (Reuters) – The Russian central bank left
its key interest rate on hold at a regular meeting on Friday,
signalling a dovish shift in policy which may mean that a recent
cycle of rate hikes is over.
Speaking at a news conference after the rate decision,
central bank governor Elvira Nabiullina said that the bank sees
no need to raise rates at present as inflation is on track to
fall over the medium term.
MOSCOW, Sept 12 (Reuters) – Russian stocks rebounded on
Friday as investors concluded that the market had over-reacted
to new European Union sanctions against Moscow over the Ukraine
crisis, but the rouble hit a new record low against the dollar.
The EU’s new sanctions further restrict access to foreign
capital for Russia’s largest state-controlled companies,
including top energy firms. The United States was expected to
follow on Friday with similar measures targeting Russia’s
largest bank Sberbank.
MOSCOW, Sept 11 (Reuters) – Russia’s central bank is likely
to leave its main interest rate unchanged on Friday to support
the weak economy, although there is a small chance it could opt
for a hike to clamp down on high inflation, economists say.
Of the 19 economists surveyed by Reuters this week, 15
expect the bank to keep rates at 8 percent on Friday, while four
anticipate a half percentage-point increase.
MOSCOW, Sept 1 (Reuters) – Russian assets fell on Monday,
with the rouble hitting a fresh record low against the dollar
after Europe and the United States accused Russia of direct
military involvement in Ukraine.
Fears of new sanctions, which could include a ban on buying
new Russian bonds, and weak economic data from China added to
MOSCOW (Reuters) – Russia will miss its inflation target this year as a ban on Western food imports causes prices to rise, and economic growth will be minimal as Western sanctions over Ukraine bite, a Reuters poll showed on Friday.
The poll of 15 analysts predicted that inflation would be at 7.2 percent by the end of this year – significantly above last month’s poll forecast of 6.5 percent.
MOSCOW, Aug 28 (Reuters) – Russian stock indexes and the
rouble plunged on Thursday as Ukraine accused Russia of sending
its army to support separatist rebels in eastern Ukraine,
increasing the likelihood of new western sanctions against
At 1415 GMT, the dollar-denominated RTS index had
plunged 3.9 percent to 1,212 points. The rouble-based MICEX
was 2.1 percent lower at 1,418 points.
MOSCOW (Reuters) – A letter signed by five Russian businessmen, along with Ukrainian and Western ones, betrays unease in Russia’s business community over the damage being caused to East-West relations by Moscow’s role in the Ukraine crisis.
Organised by British tycoon Richard Branson, who was among its 16 signatories, the open letter calls on the governments of the West, Russia and Ukraine “to compromise and find a peaceful solution to the current conflict” and “to work together to ensure we don’t regress into the Cold War misery of the past.”
MOSCOW, Aug 19 (Reuters) – A fall in the price of Urals
crude oil, the benchmark on which Russia bases its budget
calculations, is adding to the government’s problems at a time
when western sanctions are already hurting the economy.
Urals, fell below $100 per barrel on Monday
for the first time in 15 months and was trading just below $97
on Tuesday, extending a trend of falling oil prices that
reflects abundant supply on global markets.