The Russian rouble surged past 81 to the U.S. dollar on Thursday, marking a 40% increase since the beginning of 2025.
The currency's rise is largely attributed to rising oil prices, which have bolstered Russia's main export sector. At 0900 GMT, the rouble was up by 1.5%, reaching 80.90 to the dollar in light trading ahead of the Orthodox Easter holiday. Oil prices saw a 3% jump on April 17, further supporting the rouble's gains.
This marks the rouble's strongest position since June 28, 2024, signaling a notable recovery for the Russian currency. The rouble has gained significantly since the start of the year, buoyed by expectations of easing tensions between Russia and the United States. Despite this, the rouble has remained unaffected by recent comments from U.S. Secretary of State Marco Rubio, who suggested that President Donald Trump may soon abandon efforts to broker a peace deal between Russia and Ukraine unless clear progress is made.
Against the Chinese yuan, which the Russian central bank uses for foreign exchange interventions, the rouble was up 0.1%, trading at 11.08 on the Moscow Stock Exchange. The rouble's resilience reflects both the strength of Russia's energy exports and the ongoing shift in global financial dynamics.
A senior Iranian military officer warned that American troops will become &lsq...
Cuba and the United States have been at odds for more than six decades, with tensions rooted in the 1959 revolution that transformed the island&rsq...
Russian drone attacks on Ukraine have killed four people, Ukrainian officials said on Saturday (28 March). ...
The four astronauts selected for NASA’s Artemis II mission have arrived in Florida, entering the final phase of...
More than 372,000 people were left without electricity in Russia’s southern region of Dagestan after heavy rain triggered severe flooding, of...
Russian drone attacks on Ukraine have killed four people, Ukrainian officials said on Saturday (28 March).
More than 372,000 people were left without electricity in Russia’s southern region of Dagestan after heavy rain triggered severe flooding, officials said.
Two months after Indian negotiators worked in January to secure relief from punitive U.S. tariffs on the country’s exports and New Delhi moved to cut back its purchases of Russian crude oil, India and Russia are stepping up their energy ties once again, according to Reuters.
Russia has welcomed remarks by Ukrainian President Volodymyr Zelenskyy suggesting the U.S. is making security guarantees conditional on Kyiv relinquishing control of the Donbas region.
The involvement of Yemen’s Houthis has heightened regional tensions as the Iran-aligned group joins the conflict. The U.S. says it is hopeful of holding talks with Iran in the coming days, while Tehran has said that "talking and bombing is intolerable". Welcome to our live coverage of the conflict.
Cuba and the United States have been at odds for more than six decades, with tensions rooted in the 1959 revolution that transformed the island’s political and economic system. Renewed focus on relations comes as Donald Trump’s rhetoric intensifies and conditions on the island worsen.
The four astronauts selected for NASA’s Artemis II mission have arrived in Florida, entering the final phase of preparations for the first crewed journey towards the Moon in more than five decades
Iranian Military Spokesman Lieutenant Colonel Ibrahim Zulfiqari has warned that American soldiers will become 'food for sharks' if U.S. President Donald Trump launches ground attacks against Iran. The threat comes after the U.S. military said it was deploying thousands of Marines to the region.
China is moving ahead with plans to establish a nationwide long-term care insurance system, aimed at supporting its rapidly ageing population and easing the financial burden on families caring for elderly relatives.
Petrol price spikes triggered by the war in Iran are boosting used electric vehicle sales across Europe, online car platforms told Reuters, in an early sign that pain at the pump is pushing consumers away from combustion engines.
Meta Platforms is increasing compensation for top executives, including its first-ever offer of stock options, as it tries to fend off competition in the artificial intelligence (AI) race and incentivize leaders to stay with the company for several years.
The French government’s bid to suspend the marketplace of Chinese online retailer Shein in the country has been overruled by a Paris Court of Appeal.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment