The USD/RUB exchange rate fell to 80.1100 on July 31, 2025, down 1.11% from the previous session. Over the past month, the Russian Ruble has weakened 2.05%, but it's up by 6.30% over the last 12 months. Russian Ruble - values, historical data, forecasts and news - updated on July 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 USD/BYN exchange rate was unchanged at 3.2739 on July 31, 2025. Over the past month, the Belarusian Ruble has weakened 0.04%, and is down by 0.13% over the last 12 months. Belarusian Ruble - values, historical data, forecasts and news - updated on July of 2025.

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 Russian light vehicle market, encompassing passenger cars and light commercial vehicles, presents a dynamic landscape with significant growth potential. While precise figures for the market size in 2025 aren't provided, considering a global CAGR of 9.70% and Russia's substantial automotive sector, a reasonable estimate for the 2025 market size might range from $15-20 billion USD. This is a conservative estimate considering the potential for recovery and growth after periods of economic fluctuation. Key drivers for this growth include increasing disposable incomes, government initiatives to stimulate the automotive industry, and the gradual modernization of the existing vehicle fleet. The market segmentation reveals strong demand across fuel types, with gasoline remaining dominant but electric vehicle sales expected to grow considerably. Material choices continue to evolve, with increasing adoption of high-strength steel and a gradual rise in carbon fiber and glass fiber usage reflecting trends towards lighter and safer vehicles. However, the market faces constraints, including fluctuations in the ruble, economic sanctions, and potential supply chain disruptions due to geopolitical factors. Despite these challenges, positive long-term growth is projected, fueled by the expected improvement in the Russian economy and a government's focus on infrastructure development. The market is dominated by both international and domestic players, with companies like ThyssenKrupp, ArcelorMittal, and major automotive manufacturers actively competing. The forecast period (2025-2033) suggests sustained growth, albeit potentially with some volatility given the geopolitical context. A detailed analysis of regional variations within Russia, along with a deeper dive into consumer preferences and emerging technologies, would provide a more complete understanding of the market's trajectory. The penetration of electric vehicles and the related infrastructure development will be key indicators of future market trends. Notable trends are: Continuous Evolution in automotive AHSS technology.

The monthly minimum wage in Russia was set at 19,242 Russian rubles, or around 210 U.S. dollars (based on the exchange rate on March 14, 2024), as of January 1, 2024. Thus, the minimum salary increased by around 18 percent compared to the previous year.