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Ruble on the Rise: Reasons behind the Strengthening of the Russian Currency

Experts note the confident strengthening of the ruble, caused by a number of factors - from rising commodity prices to the actions of the Central Bank. In the article, we analyze the reasons for the current dynamics, share forecasts for ... ... the range of 100-105 rubles is considered comfortable and how to prepare for possible changes in the spring. Ruble on the Rise: Reasons for the Strengthening of the Russian Currency The Russian ruble is demonstrating strong positions in the currency ...

An expert suggested a way to stabilize fuel prices in Russia.

... Reducing oil producers' costs, including lowering Russian Railways' tariff rates, could lead to the stabilization of fuel prices, Sergey Tereshkin, CEO of the petroleum products marketplace Open Oil Market (a Skolkovo resident), told RIA Novosti. The rise in retail fuel prices continues to slow down. According to Rosstat data, from August 20 to 26, gasoline prices rose by 0.2%, while diesel prices increased by 0.1%. This is lower than a month ago: from July 16 to 22, the cost of gasoline and diesel at gas stations increased ...

Experts assessed the impact of the increase in fuel excise taxes on gas station prices.

... inflation rate. The excise tax rate for gasoline of ecological class 5 will be 15,755 rubles per ton, while for diesel fuel, it will be 10,915 rubles per ton. Experts note that excises account for about 20% of fuel costs, so the 4% increase will lead to a price rise of about 1% at gas stations. Sergey Tereshkin, CEO of the fuel and raw materials marketplace OPEN OIL MARKET, emphasizes that excise taxes are a significant source of income for regional budgets, and their indexation is aimed at supporting regions ...

Russian Stock Market Set to Soar to Record Heights This Year

... year, driven by a recovery in commodity prices and persistently low interest rates globally, according to a survey of market experts by Reuters. The Russian market experienced significant setbacks in the first quarter of last year due to falling oil prices, which is the country's main export commodity. However, by the end of 2020, it began to rebound and has been on a steady upward trajectory since then. The Moscow Exchange Index, which hit a record 3,713.49 by May 10, is projected to rise to 3,819 by the end of this year. Gazprombank forecasts that the market may face a correction of up to 10% this summer due to slower vaccination rates in developing countries compared to developed ones. The recovery of the global economy, rising ...

Cryptocurrency News August 10, 2025 - Bitcoin Above $116,000, Ethereum Exceeds $4,000

... cannot be ruled out). Naturally, high volatility persists, and any serious shocks could lead to pullbacks. Nonetheless, the long-term trend stays upward, and many investors adopt the "buy the dip" strategy, planning to purchase Bitcoin during price declines in anticipation of further growth. Ethereum Rises Amid Demand for Altcoins Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continues to strengthen. This week, the price of ETH confidently surpassed the psychologically important threshold of $4,000, reaching its highest ...