Latest Ruble Stories
Russia's top independent television group reported a loss in revenues by more than a third in the second quarter of 2009, even though viewership was up. CTC Media said its total revenue was off 34 percent to $113.9 million -- but was off about 10 percent when measured in rubles, Russia's currency, Variety reported Friday. Company officials said it trimmed operating expenses by about 32 percent over the same period a year ago to about $70.1 million.
A $510 debt was paid by a man who brought 33 pounds of coins to the courthouse in the Russian Far East city of Vladivostok, officials said. Bailiffs said the businessman from Partizansk, Russia, a town in the Primorye Territory, brought in 14 bags of coins to pay the debt owed to a Vladivostok man.
The Russian ruble fell to a new low against the euro Friday with former Soviet leader Mikhail Gorbachev warning Russia faces a dangerous time. The ruble slid fell to 40.81 against the euro and 29 against the dollar after the fourth currency devaluation by Moscow in a week, The Financial Times reported
Investigators say Russian Defense Ministry officials swindled the government out of millions of rubles by creating fictitious contractors. The alleged thieves were employed at the 26th Central Scientific Research Institute, a Defense Ministry agency, Kommersant reported.
- To swell, as grain or wood with water.