### Ruble Slips Marginally Against Major Currencies on Monday
On Monday, the Russian ruble is experiencing a minor decline of about 0.2% against a basket of major currencies.
In the interbank market, the ruble is trading at 12.80 rubles per Chinese yuan (CNY/RUB).
Against the U.S. dollar (USD/RUB), the ruble is valued at 85.94 rubles per dollar.
It is worth noting that the Central Bank of Russia (CBR) has established 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 since December 27, 2024. This change, outlined in CBR Regulation No. 6956-U, aims to enhance the representativeness of official rates as the volume of over-the-counter transactions increases.
Additionally, starting from June 8, 2026, the CBR modified the calculation of the official euro-ruble exchange rate. Instead of relying on direct euro-ruble trading quotes, the bank now calculates the rate using a cross-currency formula: EUR/RUB = USD/RUB × EUR/USD (based on data from the European Central Bank).
This analysis was prepared by Alexei Grishchenko, Ph.D., Professor of Operational and Sectoral Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.