The ruble has fallen 6 percent since New Year and on Friday afternoon you had to pay 47,66 rubles for one euro. For one Norwegian krone, the exchange rate at the banks in Murmansk was 5,70 rubles by closing hours.
The fall comes despite the Russian Central Bank has pouring more than $1 billion per day over the last week, the ruble fell 3 percent since last Friday, reports Kommersant.
The newspaper writes that international investors are concerned about reduction of monetary stimulus programs for the U.S. economy and therefor withdraws investment from emerging markets like Russia. Other emerging markets’ currencies, like Turkey, Brazil and South Africa have all seen a slide this January.
A negative impact is also seen on Moscow’s stock market the last few days.
The Moscow Times reports about a surge in customers clamoring for hard currency. The 1998 financial crisis is still remembered by many Russians.
On Wednesday, Russia’s Economic Development Minister Alexei Ulyukayev warned the Cabinet that if the ruble continues to weaken it will result in more expensive imports and could boost inflation.
Russia’s only aircraft carrier, the Northern Fleet’s “Admiral Kuznetsov”, has finished repairs and is ready to leave the port of Murmansk. According to a Russian news agency, the vessel will sail to Syria.
A century and a half ago, Norway was home to roughly three thousand brown bears, the majority of bears in all of Scandinavia. By 1930, the bears were virtually extinct. Decades of aggressive management tactics and bounties had wiped out one of the area’s most iconic species.
Microplastics, the tiny plastic particles that are accumulating in marine waters and big lakes around the world, are now showing up in the Arctic waters south and southwest of Svalbard, Norway, a new study says.
REYKJAVIK: The climatic changes taking place in the Arctic are a call to action for the world. We must answer with more international cooperation and more research, says Tore Hattrem, State Secretary of Norway’s Foreign Ministry.
“Partnership should and shall shape the development of the Arctic, therefore cooperation is the starting point for our Arctic policy,” Vladimir Barbin, Senior Arctic Official and representative to the Arctic Council, said at the Arctic Circle 2015 assembly.
August 9th, the Barents Region celebrated the UN International Day of the World’s Indigenous Peoples. The day was commemorated in several parts of the region, including Karasjok in Northern Norway and Teriberka in Northwestern Russia.
Norway’s Foreign Minister Børge Brende has asked Russia for an explanation to the high number of asylum seekers coming to Norway via Russia. Syrian refugees that have lived in Russia for a long time, will be stopped on the border and sent back.