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Russia’s Central Bank Steps Up Yuan Sales Amid Deficit

The Russian domestic market reportedly saw a yuan liquidity shortage this summer as some large exporters turned to borrowing in CNY amid ruble interest...

Russia Imports $30M in U.S. Dollar, Euro Banknotes From Rwanda Despite Sanctions – Vyorstka

The United States and the European Union banned the export of their banknotes to Russia in March 2022 following the full-scale invasion of Ukraine.

Moscow Exchange Halts Dollar, Euro Trade After New U.S. Sanctions

The Moscow Exchange index fell by 3.5-4% at the start of trading on Thursday morning, while shares of the exchange itself dropped by 15%.

Russian Central Bank To Resume Currency Trades in 2024

The Bank had suspended those transactions in August as the ruble slid below 100 against the U.S. dollar.

Raiffeisen’s Russian Division Imposes 50% Commission on Incoming Dollar Transfers

The minimum commission charged will be $1,000, up to a maximum of $10,000.

Russia’s Digital Ruble Won’t Help It Evade Sanctions Anytime Soon

Russian lawmakers, think tanks and state media outlets have touted the Digital Ruble as a game-changer in helping Russia skirt Western restrictions.

Russian Ruble Briefly Hits 15-Month Low After Prigozhin Rebellion

Analysts said the fact the Kremlin and Prigozhin appear to have struck some kind of deal to quash the mutiny helped avoid a deep market crisis.

Ruble Tumbles to 12-Month Low as Kremlin Greenlights Shell Sale

After months of relative stability, the Russian ruble continued to weaken rapidly against major currencies on Friday.

Russia’s Central Bank Offers Liquidity Lifeline to Banks as Markets Crash

The country’s financial markets have plunged over the past two days because of the crisis in Ukraine.

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