rubles

Latest news and articles about rubles from NEX English

Putin Extends Russian Gas Payment Mechanism in Rubles Until 2026

Russian President Vladimir Putin has extended the decision allowing foreign buyers, including non-friendly nations, to pay for Russian gas in rubles until July 1, 2026. This move aims to bolster the use of the national currency in international trade amid ongoing Western sanctions.

Putin bans cash rubles from leaving to Eurasian Union countries

Russian President Vladimir Putin has issued a decree prohibiting legal entities and individual entrepreneurs from taking cash rubles out of Russia to Eurasian Economic Union countries. This decision aims to enhance government control over the national economy amid significant economic challenges.