March 9 (Bloomberg) — The ruble strengthened to a 14-month high against its target currency basket as oil traded above $80 a barrel, forcing the central bank to adjust its trading band to allow further appreciation.

 

Russia may scrap the ruble and introduce a common currency with Belarus and Kazakhstan as the nations broaden their alliance and seek to reduce their dependence on the dollar, First Deputy Prime Minister Igor Shuvalov said Friday.

 

March 5 (Bloomberg) — Russia may scrap the ruble and move to a new common currency with Belarus and Kazakhstan as the nations broaden their alliance and seek to reduce reliance on the dollar, First Deputy Prime Minister Igor Shuvalov said.

 

Russia may scrap the ruble and introduce a common currency with Belarus and Kazakhstan as the nations broaden their alliance and seek to reduce their dependence on the dollar, a first Deputy Prime Minister said.