In the Russian currency market there was a record collapse of the ruble today. For the first time in the history Euro exceeded 100 rubles. So, at 15:13 Moscow Time, the Euro exchange rate soared to 21.5 rubles, reaching 100.74 rubles.
The USD exchange rate at this time jumped to 80 rubles (+21 RUR).
The Russian national currency continues to fall steadily, despite the best efforts of the Central Bank to keep the exchange rate.
The ruble depreciates sharply amid falling oil prices. So, on Tuesday the price of a barrel of oil dropped to $ 59.
According to the Prime agency, the drop in oil prices continues to erode the price of shares and oil-dependent currencies. Thus, for Monday and Tuesday the ruble fell by nearly 30%. -02D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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