Why does Putin want Europe to buy natural gas with rubles instead of euros?

Mar 30, 2022
It's all about propping up his own country's currency.
The Nord Stream 2 gas line landfall facility in Lubmin, north eastern Germany.
Photo by ODD ANDERSEN/AFP via Getty Images

Russia is trying to prop up the ruble ... but it's not working

Mar 2, 2022
The ruble is a free-floating currency whose value tracks supply and demand. But sanctions have demolished demand and wrecked the market.
A currency exchange office in St. Petersburg, Russia. People are trying to unload their rubles as the value of the currency plummets.
Olga Maltseva/AFP via Getty Images

How sanctions could make life harder for Russian citizens

Feb 28, 2022
Long lines at ATMs. A significant drop in the ruble's value. Economic sanctions are already being felt by everyday Russians.
The ruble has lost about 25% of its value since Friday. Above, people walk past a currency exchange office in Moscow.
Alexander Nemenov/AFP via Getty Images

How Russia could feel the sting of being excluded from SWIFT

Feb 28, 2022
Being cut off from the SWIFT system means Russian banks can't legally or efficiently execute transactions.
A protester holds a placard during a rally against Russia's invasion of Ukraine, at Place de la Republique in Paris, on Febr. 26, 2022.
GEOFFROY VAN DER HASSELT/AFP via Getty Images

Economic sanctions in Russia: Have they worked?

Jul 16, 2015
Molly Wood talks to Olga Smirnova of the BBC.

Ruble woes spark London house-buying spree

by
Dec 24, 2014
Rich Russians eager to move their money are snapping up pricey London houses.

Russia is facing a 'full-blown economic crisis'

Dec 23, 2014
Adriene Hill talks to BBC Moscow correspondent Steve Rosenberg.

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When the ruble falls, who hears it?

by
Dec 16, 2014
Ruble decline hurts Russians most, which could be a problem for everyone.

Russia ramps up response as ruble plummets

Dec 16, 2014
Dramatic interest rate hikes are a first step, but Russia's economy will need more.

Russian ruble suffers huge one-day fall

Dec 2, 2014
What’s a country to do as its currency collapses? Russia basically needs to weather the storm.