Ethereum Price Drops Below $2,600 as Long Liquidations Hit 4-Month High 
Deere, CNH and AGCO Stocks Fall as FTC Launches Farm Equipment Probe 
Oil Prices Trim Gains After Trump Rules Out Iran Strikes Before Midterms 
European Stocks Fall as Oil Rises Ahead of Fed Minutes 
Solana Price Drops 3% Despite Samsung USDC Partnership 
Evernorth XRPN Nasdaq Listing Delayed to October 12 
Bitmine to Stop Ethereum Buying After Reaching 5% ETH Supply 
RBI Raises Repo Rate to 5.50% in Hawkish Shift on Inflation Risks 
Asian Stocks Mixed as OpenAI Revenue Concerns Hit Chipmakers 
Kazakhstan and Tether Explore Tenge Stablecoin and RWA Tokenization 
US Stock Futures Flat as Fed Minutes, Earnings Loom 
Oil Prices Rise as Hormuz Risks Offset IEA Stock Release 
XRP Whale Activity Drops 27% in Eight Days Amid Market Sell-Off 
US Dollar Hits 18-Month High as Fed Signals More Rate Hikes 
XRP Ledger Activates New Security Feature for Banks and Stablecoins 
Add as a preferred source on Google
Just like analyst and economists expected, Russian economy faced sharp second quarter contraction in 2015, given weakness in commodities, especially energy prices, its major exports and severe weakness in Rouble. Sanctions imposed by Western nations have also taken their toll on Russian economy.
According to second reading from Federal statistics service Moscow, Russian economy contracted by 4.6% in second quarter.
Russian Rouble is currently trading at 68.7 against Dollar, down more than 85% in last 12 months.
Weak Rouble has also increased debt burden over Russia's corporate sector, who have amassed short term foreign currency loan especially after financial crisis.
On a separate note, trading in equities, currencies, derivatives have halted in Russia, due to major break down in network system. As of now, Russian exchange is trying to resume trading in back up system.
Russia might face further volatilities and Rouble depreciation if commodity prices fail to recover going ahead.
