MercoPress, en Español

Montevideo, March 21st 2023 - 01:00 UTC

Tag: Russia economy

  • Wednesday, December 3rd 2014 - 09:25 UTC

    Russian ruble suffers its biggest one day skid since 1998

    Russia is the world's second-largest oil exporter, with oil and gas accounting for 70% of its exports and half of government revenues.

    The Russian ruble suffered on Tuesday its biggest one-day decline since 1998 as oil prices continued to fall on Monday, escalating fears about the Russian economy. The currency slid almost 9% against the dollar before rallying after suspected central bank intervention.