The USD/RUB exchange rate fell to 80.0000 on August 1, 2025, down 1.36% from the previous session. Over the past month, the Russian Ruble has weakened 1.36%, but it's up by 6.42% over the last 12 months. Russian Ruble - values, historical data, forecasts and news - updated on August of 2025.

The USD to ruble value lost significant ground after Russia's invasion of Ukraine, reaching a low of 135 rubles in March 2022. This devaluation is also observed in a chart that compares the monthly average of the ruble against both the U.S. dollar and the euro since 2008. A decline started in November 2020 and continued into 2021; no specific reason was given for the timing of this development. Interestingly, the USD/RUB exchange rate reached its highest point earlier in 2020, as one U.S. dollar could buy nearly 80 rubles in March 2020. Values were noticeably different years later, however, as the USD/RUB exchange rate was valued at 78.2 on July 22, 2025.

The exchange rate of the U.S. dollar to the Russian ruble increased continuously over the period from 1992 to 1997. Starting in 1998, Russia redenominated its currency at a rate of 1,000 to 1. On August 17, 1998, the devaluation of the Russian ruble was announced, which had a negative impact on the population's economic well-being.

Inflation Rate in Russia decreased to 9.40 percent in June from 9.90 percent in May of 2025. This dataset provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the inflation rate in Russia from 1997 to 2024, with projections until 2030. The inflation rate is calculated using the price increase in a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g., gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Russia was at about 13.75 percent compared to the previous year. Russia's economic uplift Based on economic power and economic standards, Russia is recognized as one of the biggest economic powers in the world. With a population of around 143 million people and a re-awakened population growth since 2010, Russia has tried to establish itself as one of the world’s largest economies and wealthiest nations and succeeded, being the sixth-largest economy in the world today. The gross domestic product (GDP) increase in Russia from 2009 to 2014 is also a good indicator of Russia’s economic growth and strength. After the 1998 Russian financial crisis, several reforms were introduced to the Russian economy which allowed it to recover. Not only did the Russian economy experience a great boost, but the quality of life in Russia as well as the people’s satisfaction with the direction of the country has also improved. In comparison to the previous year - with the exception of 2009 -, the Russian real gross domestic product growth rate has increased over the past decade. The trade balance of goods has been experiencing a rapid increase since the beginning of the millennium, with the exceptions of 2007 and 2009 due to the global economic crisis. This allowed Russia to export more goods than it imported. This high trade balance of goods resulted in a low inflation rate in 2012, the lowest recorded inflation rate since 2004.

The benchmark interest rate in Russia was last recorded at 18 percent. This dataset provides the latest reported value for - Russia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In May 2025, the inflation rate in Russia stood at **** percent compared to the same month in the previous year, showing an increase. The rate has been decreasing since March 2025. The highest rate during the observed period was recorded in April 2022, at **** percent. The term inflation means the devaluation of money caused by a permanent increase in the price level for products (consumer goods, investment goods). The Consumer Price Index (CPI) shows the price development for private expenses and shows the current level of inflation when increasing. Russia's economy, an outlook The Russian economy was expected to grow by *** percent in 2025 despite the Western sanctions over the war in Ukraine that began in February 2022. At the same time, consumer prices were projected to grow by around **** percent in 2025 relative to the previous year. In 2024, the inflation rate was estimated at **** percent. Prices in Russia Russia’s economy is highly dependent on and affected by the price of oil. The price of the Urals crude oil stood at approximately ***** U.S. dollars per barrel in April 2025, having demonstrated a decrease from the previous month. The highest producer price index (PPI) was recorded in the electricity and gas supply sector, with a price growth rate of over ** percent in September 2024.

The average nominal salary in Russia was measured at ****** Russian rubles per month in 2024, marking an increase of roughly ****** Russian rubles compared to the previous year. After the currency redenomination and the financial default in 1998, the average wage levels in the country have grown exponentially. Who gets paid more in Russia? The Russian oil and gas industry paid the highest average wage to their employees, at ******* Russian rubles between January and September 2021. Salaries in management and management consulting were the second-highest, followed by air transportation and software development. On average, men earned more than women across all industries in the country. For example, in the information and communications sector, the average wage of a male worker amounted to nearly ******* Russian rubles, compared to under ****** Russian rubles for a female worker. Economic inequality in Russia The national income distribution of Russian households shows a high concentration of income and wealth in the hands of few individuals. In 2021, the mean income of the top one percent exceeded ******* euros before income tax, compared to ***** euros earned by the bottom 50 percent of the population. Furthermore, the richest one percent in Russia held an average wealth of over *** billion euros, whereas the personal wealth of the bottom 50 percent was measured at ***** euros in the same year. However, the income gap was forecast to decrease in Russia, with the Gini index expected to decline to **** by 2029.

The yield on Russia 10Y Bond Yield rose to 14.10% on August 1, 2025, marking a 0.05 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.53 points and is 1.35 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Russia 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on August of 2025.

A family receiving their first child in Russia would get 676,300 Russian rubles from the government within the maternity (family) capital program from February 2025. The maternity capital benefits ("материнский капитал" in Russian) saw an increase in recent years and were planned to be indexed every year. What is the maternity capital program in Russia? The maternity (family) capital program in Russia was launched in 2007 to tackle the decline in the country’s population. Back then, the program paid 250 thousand Russian rubles to mothers who gave birth to or adopted a second child. It remained stable at over 453 thousand Russian rubles from 2015 to 2019. In January 2020, Russian president Vladimir Putin suggested extending the maternity capital program in the country to include births of first children. Furthermore, the program’s financing was planned to increase in the following years. How much money do Russian families receive for a second child? For the second and each further child, if the family had already received the payment for the first one since the program's start in 2007, it would get over 217,400 Russian rubles in 2025. If the family received their second child and had never claimed maternity capital benefits before, it would be given around 894,000 Russian rubles. According to data from 2023, most live births by Russian women aged until 28 years were of first children. Mothers aged 29 to 38 years mostly gave birth to second children.

In 2023, approximately *** million visits were made by foreign citizens to Russia, slightly less than in the previous year. In 2020, there was a significant decrease in tourist arrivals due to international border closures to prevent the spread of coronavirus (COVID-19). Over the observed period, the maximum foreign visitor number in Russia was recorded at nearly **** million in 2015. Chinese travel behavior in Russia Prior to the COVID-19 pandemic, the number of Chinese tourists to Russia peaked at nearly *** million tourist trips in 2019. Due to travel restrictions, the number of visitors from China decreased drastically ** thousand in 2020. Tourism was the main purpose of travel for Chinese visitors in the country, occupying ** percent of total trips in 2019, followed by employment and business travel. On average, the spending per tourist reached nearly *** U.S. dollars per trip in 2019. Is tax-free shopping available in Russia? The tax-free program was launched in Russia in 2018 and was available in 16 regions of the country as of 2020. Tax-free shopping allows foreign travelers, except for those from CIS countries, to claim a value-added tax (VAT) back on every purchase worth at least 10 thousand Russian rubles made in stores participating in the program. In 2020, the total VAT reimbursement to tax-free shoppers in Russia reached approximately *** million Russian rubles after the travelers purchased goods worth **** billion Russian rubles in participating stores.

As of January 1, 2025, retirees in Russia received a gross pension of approximately ******** Russian rubles on average, or ****U.S. dollars per month at the exchange rate as of May 16, 2025. The reform of 2019 introduced a retirement age hike to gradually increase the retirement age to 60 years for women and 65 years for men until 2028. Pensions in Russia are guaranteed by the state, like in many European countries. Pension growth in Russia The amount of retirement benefits in Russia increased by roughly ******* Russian rubles, or *** percent, over the course of 2024. The pensions increased more significantly than prices in the country, as Russia's annual inflation rate stood at around *** percent in the same year. Pensioners in Russia Despite the increase in pension amounts, there has been a decrease in the number of individuals entitled to receive pensions until the start of 2024. As of January 1, 2025, the number of pensioners in Russia reached roughly **** million, more than a year prior. That corresponded to nearly *** pensioners per 1,000 population.