National currency loses ground by 0.2% on interbank market on Wednesday

13:14; 08 July 2026 year

### Russian Ruble Loses Ground by 0.2% on Interbank Market On Wednesday, the Russian ruble weakened by about 0.2% against major currencies on the interbank market. The ruble-to-yuan (CNY/RUB) exchange rate is currently trading at 11.76 rubles per yuan. Meanwhile, the dollar-to-ruble (USD/RUB) pair is trading at 78.20 rubles per U.S. dollar. Starting December 27, 2024, the Central Bank of Russia (CBR) will set official exchange rates for foreign currencies against the ruble based on consolidated data from both exchange and over-the-counter segments of the foreign exchange market. This change, outlined in CBR Instruction No. 6956-U, aims to enhance the representativeness of official rates given the growing volume of over-the-counter transactions. The document also allows for calculating currency rates using cross-rates if trading data for certain currency pairs is unavailable. As of June 8, 2026, the CBR modified the methodology for determining the official euro-to-ruble (EUR/RUB) exchange rate. Instead of using direct EUR/RUB quotes, the CBR began calculating the rate through a cross-course using data from the European Central Bank (ECB). The new formula is EUR/RUB = USD/RUB × EUR/USD (based on ECB data). This overview was presented by Alexei Grishchenko, Ph.D., Professor at the Department of Operational and Sectoral Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.

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