Russian Ruble Nears 76 Per Dollar, Down 5% on the Month

The USD/RUB exchange rate reached 75.91 on Thursday, July 9, 2026, down 1.16 percent from the previous session in ruble terms. According to Trading Economics, the ruble has weakened 5.07 percent over the past month, though it remains up 2.11 percent from a year earlier. Russia's central bank had previously said fiscal policy would be more accommodative than expected over the next three years, as the federal government increases bond issuance to fund the war in Ukraine and subsidies for industries hit by Western sanctions.