Investors are hunting for cheap Russian assets amid Ukraine peace hope — but big risks remain
Investors are betting that a peace deal and sanctions relief would boost Russian asset values. Even if that happens, plenty of uncertainty remains.
Ruble
Oval Office blowup fallout: The 5 biggest moves in markets with a Russia-Ukraine deal in jeopardy
Betting markets are shifting, with the odds of the war ending in the first 90 days of Trump's presidency down to about 20% on Monday.
Why Russia's currency is 'doomed to weaken further,' according to a think tank
Russia's central bank has run out of good options to prop up its sagging currency, researchers at the Carnegie Endowment wrote this week.
Putin tells Russians there's no reason to panic as the ruble sinks, but analysts say its economy is in trouble
Vladimir Putin dismissed the ruble's latest tumble, but analysts say falling oil prices and sanctions spell problems for Russia's economy.
Russia's ruble drops to more than a 2-year low against the dollar on fresh sanctions and surging tensions
Investors have been spooked after Russia was hit with fresh sanctions and as tensions rose after a hypersonic missile attach on Ukraine.
Russia's ruble hits the lowest level in a year against the dollar and the yuan
As a key Treasury license is set to expire this month, it could become a lot harder for Russia to transact in foreign currencies.
Russian banks say they've run out of yuan as Chinese firms pull away from the nation
Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with Chinese firms pulling back amid fear of sanctions.
Nearly all Chinese banks are refusing to process payments from Russia, report says
Almost all Chinese banks, even small regional ones, are refusing to accept direct transactions from Russia, business execs have told Russian media.
China's yuan will take over as Russia's main trade currency 'once and for all' as US sanctions get tighter, think tank says
Ruble volatility will get worse in Russia amid fresh US sanctions, but this offers a way for the Chinese yuan to cement its role, a think tank says.
China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings
China's yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanctions and as central banks boost dollar holdings.
Russia shuts down dollar and euro trading after sweeping US sanctions take aim at Moscow's financial lifelines
Russians were lining up at one lender that was still offering dollars after trade was restricted following new sanctions, Bloomberg reported.
Russia is doubling down on its de-dollarization efforts as Putin calls to reduce use of 'toxic' currencies
Russia's use of "toxic" currencies has been slashed in half over the past year, Putin said.
The US crackdown on Russian trade is working as Putin struggles to fund his war
Trade volumes from partners such as Turkey and China have slagged in the first quarter, as foreign dealers pullback amid a US sanctions threat.
Russia and Iran step up de-dollarization drive with pact to shun the greenback in bilateral trade, report says
Both Russia and Iran have been reducing their reliance on the dollar since the US leveraged its currency's dominance to impose economic sanctions on both countries.
China and Russia have almost completely abandoned the US dollar in bilateral trade as the push to de-dollarize intensifies
China and Russia have more than 90% de-dollarized their bilateral trade, Russia's prime minister has said.
Russia adds fresh capital controls to prop up ruble, but Kremlin is 'applying a Band-Aid to gangrene'
Western companies exiting Russia must sell assets in rubles or else face delays and perhaps losses to transfer dollars or euros abroad.
Russia's economy is headed into the 'snare of perpetual war' as the Kremlin plans record-high military spending for 2024, think tank says
Russia's plans to spend even more on its war in Ukraine could set up the economy for high inflation and a deteriorating quality of life.
Russia rolls out currency controls in a bid to revive the ruble, which has cratered against the dollar this year
Moscow is trying to prop up the slumping ruble, which has shed around a quarter of its value this year as the war in Ukraine rages on.
Russian ruble sinks to level that previously triggered emergency measures from Moscow
The last time the ruble deteriorated past the 100-per-dollar threshold, Russia's central bank hiked interest rates sharply.
Russia's use of the Chinese yuan surges as the Kremlin looks to bypass sanctions
The yuan's share of Russian import invoicing has jumped to 20% since the Ukraine war from 3% before, a study found.