Here comes the “cryptoruble.”
If you were hired to orchestrate an event that pays homage to the history of a currency, who in the hell wouldn’t decide to organize a bacchanalian caviar orgy?
As the value of Russia's currency declines and its citizens endure a deepening recession, it's unclear how the country will manage what could be its longest slump in decades.
As many as 150,000 Russians who hold mortgages in their country that are denominated in US dollars are now facing steep increases in payments.
The Russian leader used his annual press conference to attribute the ruble's plunge in value to Western persecution over Ukraine and an unlucky "external economic situation."
Russian Central Bank says the country's economic situation is critical and beyond its 'worst nightmares' as the currency continues plummeting despite the late night unveiling of a monster rise to 17 percent.
A massive interest rate hike designed to bolster the plunging ruble won't change the way the world feels about post-Ukraine Russia.
Sanctions over the Ukraine crisis have scared investors and encouraged capital flight — but it is plummeting oil prices that have really taken their toll.
Western sanctions and the deepening flight of foreign capital are hitting Russia’s currency hard — and leaving the country’s citizens high and dry.