Russia's No 2 oil producer Lukoil said its first-quarter net income fell by 59 per cent to 42.8 billion roubles
($651.3 million) due to slumping oil prices, missing analysts forecasts.
Moscow: Russia's Rouble
touched a new all-time low against the Euro of over 51.20 Roubles
per Euro on Monday.
This consideration comes against the backdrop of a weakening of the rouble
on March 3 to RUB 36.4 against the US dollar, when tensions between Russia and Ukraine escalated, exacerbating months of pressure on the currency.
He said that the rouble
has been stable over the past three or four years against the euro and the dollar."According to experts' predictions, the Russian financial market and the activities of the Russian banks will grow further.
In this note we examine the factors behind the rouble
's recent depreciation and outline our case for a strengthening of the Russian currency in 2011.
Other shops closed their doors completely amid uncertainty over how much to charge as the rouble
disappeared from international money markets.
Interfax news agency earlier this week quoted a Belarussian source as saying Belarus had asked Russia for a 100 billion rouble
loan as a pre-condition for switching to Russian roubles
in bilateral trade.
MOSCOW: Russian gas giant Gazprom will increase its investment programme next year by 5 per cent to 802.4 billion roubles
($27.94 billion), the company said in a statement.