### Ruble Strengthens Marginally on Interbank Market
The Russian ruble is gaining strength within a 0.2% range against major currency pairs on the interbank market. On Tuesday, the CNY/RUB rate is trading at 12.18 rubles per Chinese yuan. The USD/RUB pair is hovering around 82.24 rubles per U.S. dollar.
Starting December 27, 2024, the Central Bank of Russia (CBR) began setting 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, introduced under CBR Instruction No. 6956-U, aims to enhance the representativeness of official rates amid the growing volume of off-exchange transactions. The document also allows for calculating exchange rates via cross-rates if trading data for certain currency pairs becomes unavailable.
On June 8, 2026, the CBR adjusted its methodology for calculating the official euro-ruble exchange rate. Instead of relying on direct euro-ruble quotes, the bank switched to a cross-rate calculation using data from the European Central Bank (ECB). The new formula works as follows: EUR/RUB = USD/RUB × EUR/USD (based on ECB data).
This analysis was prepared by Alexei Grishchenko, Doctor of Economics, 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.