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Russia's finance minister said Wednesday the government could use excess energy revenues for foreign currency interventions to rein in the ruble, which has surged to a seven-year high.
A strong ruble is not desirable for the Russian government, which fears it can hit budget revenues and exports.
Finance Minister Anton Siluanov said Russia was "ready
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Read more: Russia Mulls FX Interventions To Tame Ruble’s Rise
Write comment (92 Comments)President Vladimir Putin hasordered Russian schools to appoint dedicated “patriotic advisers” as part of an ongoing push to instill “spiritual-moral values” in the nation’s students amid the war in Ukraine.
Schools in 45 Russian regions will need to install so-called “advisers on the principals of educational work” from Sept. 1, according to a pre
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Read more: Putin Orders Russian Schools to Appoint 'Patriotic& Advisers
Write comment (97 Comments)Official statements and footage released by Russia’s Defense Ministry suggests the Kremlin has reshuffled the country’s military command structure in recent weeks, according to analysts, as the ongoing Russian offensive in Ukraine yields few territorial gains.
Russian Deputy Defense Minister Gennady Zhidko’s appearance alongside Defense Minister S
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Read more: Russia's Military 'Reshuffle' Hints at Frustration With Slow Ukraine Advance
Write comment (93 Comments)Russia said Wednesday it had shot down a Ukrainian drone overnight, marking the latest cross-border intrusion on a Russian border region amid Moscow’s invasion of Ukraine.
Kursk region Governor Roman Starovoit said a Soviet-era Tu-141 reconnaissance drone crossed into Russian airspace late Tuesday before being shot down.
Footage shared by Starovoit
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Read more: Russia Says Shot Down Intruding Drone Near Ukraine Border
Write comment (97 Comments)Southern Ukraine’s occupied Kherson region is preparing to vote on officially joining Russia, a Moscow-backed officialsaid Wednesday.
“We’re preparing for the referendum and we will carry it out,” Kirill Stremousov, deputy chief of the Kherson region’s Moscow-installed administration, said in a video address.
“The Kherson region will decide to join t
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Read more: Occupied Kherson Readying for Vote to Join Russia, Official Claims
Write comment (94 Comments)An EU ban on insuring ships transporting Russian oil could potentially hurt Moscow more than its embargo on the nation's crude, analysts say.
The European Union recently unveiled the insurance ban in a sixth set of economic sanctions aimed at punishing Russia over its invasion of Ukraine.
In a further knock, G7 leaders are seeking a price cap for
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Read more: EU Insurance Ban Targets Russian Oil Exports
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