Articles by Andrei Ostroukh



Interbank Rates Leap to Historic Highs

  • 18 November 08
  • Reuters
The Mosprime interbank rate surged to 22.67 percent on coming tax deadlines.

Central Bank Allows the Ruble to Weaken

  • 12 November 08
  • Reuters
The Central Bank spent an estimated $7 billion on Tuesday on establishing a new limit for the ruble after allowing it to weaken beyond a key level it had defended in recent months.

Ruble May Soon Lose Central Bank Support

  • 28 October 08
  • Reuters
The Central Bank may soon capitulate in its fight to defend the ruble because of plummeting oil and an exit of capital, which has knocked 70 percent off the value of its stock markets since August.

Central Bank Allows the Ruble to Strengthen 0.4%

  • 11 June 08
  • Reuters
The Central Bank on Tuesday allowed the ruble to strengthen by 0.4 percent compared with the previous day’s close in the first deliberate revaluation move this year.