TASS/. New 100-ruble banknotes would be able to replace previous versions within a decade, Deputy Governor of the Bank of Russia Sergey Belov said during a presentation for the new paper currency ...

The ruble has tumbled 9% against the dollar since Nov. 21, when the U.S. sanctioned some 50 Russian banks, including Gazprombank, which has emerged as a top linchpin for Russia in currency markets.

This illustrative image from February 9, 2023, shows a Russian ruble coin and a Chinese yuan banknote in Moscow. Trade between Russia and China has increased since the start of the war in Ukraine.

Russia's currency has dropped to its lowest level in more than two years against the dollar in the wake of new sanctions and soaring geopolitical tensions. Russia's ruble continued to weaken ...