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Russian rouble edges lower as Putin-Trump meeting looms

ReutersAug 13, 2025 9:26 AM

- The Russian rouble weakened slightly against the dollar on Wednesday as oil prices slipped, with the market looking ahead to talks between Russian President Vladimir Putin and his U.S. counterpart Donald Trump later this week.

Russian markets have been jittery since Trump set an August 8 deadline for Russia to agree to peace in Ukraine or face tightened sanctions. All eyes are now on the August 15 meeting between Trump and Putin in Alaska.

By 0918 GMT, the rouble was down 0.2% at 79.60 to the dollar, according to data compiled by LSEG based on over-the-counter quotes, and 0.1% weaker at 11.06 against China's yuan, the most traded foreign currency in Russia.

Brent crude oil LCOc1, a global benchmark for Russia's main export, was down 0.3% at $65.95 a barrel.

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