Russian ruble tanks as oil price continues to decline January 11, 2016 - 13:22 AMT PanARMENIAN.Net - The Russian ruble has tanked on the first day of trading after a ten-day holiday period as the price of oil continues to decline. The national currency dropped by nearly 2 percent half an hour into trading to 76.1 rubles on Monday, Jan 11, at the Moscow stock exchange's first currency trading session since Dec 31, the Associated Press reports. Oil prices, the backbone of the Russian economy, have been declining in the past week, pressured by fears about a slowdown in China's economic growth. The ruble lost about 20 percent last year after a depreciation of 40 percent in 2014.  Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year  German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year.Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan.Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan.Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |
