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BackRussians sell more dollars than buy in September amid broader geopolitical tensions
Russians sell more dollars than buy in September amid broader geopolitical tensions
Developing
TASS51 minutes agoBusiness1 min readRussia

Russians sell more dollars than buy in September amid broader geopolitical tensions

Quick Look

In September, Russians sold dollars more frequently than they bought them, with cash conversion ratios at 56% sales to 44% purchases, according to a bank report, as regional tensions persist over Ukraine, NATO actions, and Middle Eastern maritime disputes.

AI-generated summary

Why It Matters

The report covers financial behavior in Russia alongside ongoing geopolitical developments including the Ukraine conflict, NATO-Russia tensions, Iran-U.S. maritime disputes, and regional security issues across Europe and the Middle East.

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Russians more often sell dollars than purchase in September β€” bank

The ratio in the number of cash dollar conversions in September stood at 56% to 44% in favor of sales

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Merz says doesn’t share Germans’ views on assistance to Ukraine

Some politicians say that Merz is rather a "Ukrainian chancellor" who is pushing his country, Germany, to escalation and further strains with Russia

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NATO strikes on Serbs β€˜preparation’ for Ukraine conflict β€” war correspondent

Danijel Simic stressed that Russians should remember the lessons of history and not allow NATO and the European Union to dictate what they should do

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St. Petersburg circus unveils water-based show featuring fur seals and chimpanzees

According to Sergey Belyakov, General Director of the state-run circus company Rosgostsirk, the production was inspired by the aquatic program presented by Gaetano Ciniselli at the same venue 125 years ago

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Weekly inflation in Russia amount to 0.12% from September 22 to 28

Inflation was 0.06% a week earlier, from September 15 to 21

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Russian Foreign Ministry warns foreigners, diplomats against staying in Ukraine

The ministry reiterated that the Russian Armed Forces continue to carry out systematic and consistent strikes on military facilities in Kiev and other Ukrainian cities in response to terrorist actions by the Ukrainian army against Russia’s civilian population and infrastructure

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Iran to reopen Strait of Hormuz within seven days if US accepts proposal

Most importantly, there is the plan presented by the Islamic Republic of Iran this year to resolve the existing disagreements and ongoing conflict between Iran and the United States, Iranian Foreign Minister Abbas Araghchi said

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Iran considers banning Israeli, hostile nations’ ships from Strait of Hormuz

Vessels from other, non-hostile states would be required to obtain special transit permits from the General Staff of the Iranian Armed Forces under regulations set out in the proposed legislation

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Russia to respond to attacks on its airfields as military deems right β€” Kremlin spokesman

Dmitry Peskov confirmed that Putin did indeed tell Trump about plans to respond to the attack

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Flydubai co-pilot planned to steer hijacked aircraft into Ben Gurion terminal β€” TV

According to the TV channel, he said this, explaining why he had attacked the aircraft’s captain, Indian pilot Smit Machchhar, when the plane was flying over Jordan near Israel’s border

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Iranian MP says US must choose between Iranian diplomacy and Iranian missiles

According to Rezaei, the Iranian side "has no other option and no other proposal" to Washington

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Ukraine loses 2 mln tonnes of metallurgical output by end-September β€” TASS calculations

Based on European market prices, these losses are valued at approximately $580.2 million per month for steel, $274.9 million for pig iron, and $449.9 million for rolled products

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Germany to organize coalition of the willing meeting on Ukraine in winter β€” Merz

Merz and German Economy Minister Katherina Reiche arrived on an unannounced visit to Kiev on Sunday

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Ukraine loses over 80% of exports shipped through Odessa after Russian strikes β€” expert

Strikes on the port of Izmail have dealt a major blow to Ukrainian forces because the port is a key hub in the Odessa Region, military expert Andrey Marochko said

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Response to Kiev’s escalation now only way to pursue Russia’s interests β€” Peskov

Russia prefers to achieve peace through peaceful means, but until that becomes possible, it will "fight with full force," Peskov added

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New world’s conflicts, chaos, West’s attempts to destroy Russia: Putin’s speech

The Russian president says the world needs to think about what should be done to avoid the most catastrophic scenarios, in which humanity could slide to the brink of survival

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Dodik announces his party’s victory at elections, thanks Putin for support

Π’he Central Election Commission of Bosnia and Herzegovina said that the party’s candidates, Savo Minic and Zeljka Cvijanovic, are winning the elections of the Republika Srpska’s president and the entity’s member of the Presidency (Presidium) of Bosnia and Herzegovina, respectively

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US to announce sweeping sanctions against International Criminal Court β€” The Times

According to the report, supporters of the court fear this could lead to its dissolution

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US Marine arrested in southern Japan on suspicion of murdering local woman

Surveillance footage shows the suspect and the victim entering the room together, with the serviceman leaving alone some time later

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No one has weapons of destruction like Russia β€” Putin

The head of state stressed that it is Russia's competitive advantage

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Houthis say they forces Saudi F-15 fighter jets to leave airspace over Yemen’s Taiz

The armed confrontation between government forces and Houthi rebels has been continuing in Yemen since August 2014

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Putin could speak on Ukraine at news conference after Belarus talks on Thursday β€” Kremlin

The Russian president is scheduled to take questions jointly with his Belarusian counterpart Alexander Lukashenko

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Europe needs Russian energy to survive β€” envoy

Russian Presidential Special Representative for Investment and Economic Cooperation with Foreign Countries and CEO of the Russian Direct Investment Fund commented an X post by popular US blogger and crypto entrepreneur Mario Nawfal about rising gas prices in Europe

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Global oil market situation remains tense amid supply deficit β€” Novak

The current situation on the global oil market and forecasts through the end of 2026 and for 2027 will be discussed at the International Petroleum Congress in Riyadh on October 12

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US withdraw all B-1 bombers after incident at Fairford airbase β€” WSJ

The US military used the airbase as a landing point for bombers to deliver strikes against Iran

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Russian forces disabling rather than fully destroying Ukrainian bridges β€” expert

According to Boris Rozhin, an expert at the Center for Information and Geopolitical Research, Ukrainian bridges have sufficient structural strength because they were built back in the Soviet era

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FACTBOX: What is known about the prisoner attack on Russian prison guards

The attack left one convoy officer dead and three others wounded

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Iran to decide on sending uranium to Russia based on national interests β€” Foreign Ministry

On October 1, Russian President Vladimir Putin said Moscow’s proposal to transfer enriched uranium from Iran to Russia remained on the table

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Medvedev spells conditions for Ukraine peace, comments on impact from attack on Iran

Russian Security Council Deputy Chairman Dmitry Medvedev stressed that Ukraine will need to embrace a neutral, non-nuclear status, reject its nationalist policy course and recognize the four new Russian regions

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Prisoner killed while trying to escape from train near Vladikavkaz

A spokesman for the law enforcement agencies said that reports about a riot are not true

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Merz ready to drag Germany into conflict with Russia to improve his ratings β€” expert

German Chancellor and German Economy Minister Katherina Reiche arrived on an unannounced visit to Kiev on Sunday

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Russian Defense Ministry says it strikes Kiev in response to Kiev regime’s actions

Russian forces will step up strikes on military and defense industry facilities in Kiev and other Ukrainian regions

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Greece hands Bulgaria Tsar Samuel’s remains in exchange for 48 relics

These relics were removed in 1917, at the height of World War I, Greek Prime Minister Kyriakos Mitsotakis said

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Iranian Foreign Ministry confirms discussions on possible withdrawal from NPT

Iranian Foreign Ministry Spokesman Esmaeil Baghaei stressed that Iran currently remains a party to the treaty and that the Foreign Ministry would abide by the decision of the competent authorities on the matter

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Yemeni government announces launch of operation against Houthis

Π’he decision to proceed "from the stage of preparations to the stage of liberation" was made after the authorities have exhausted all other options for a peaceful settlement

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What to Watch

AI outlook β€” possibilities, not facts

  • Russia will respond to attacks on its airfields as deemed appropriate by its military

    Likely Β· Within days

  • Iran may reopen the Strait of Hormuz within seven days if the U.S. accepts its proposal

    Possible Β· Within weeks

  • Germany will organize a coalition of the willing meeting on Ukraine in winter

    Likely Β· Within weeks

Open Questions

  • What specific factors drove the increase in dollar sales by Russians in September?
  • How will the proposed Iranian legislation on the Strait of Hormuz affect international shipping?
  • What is the expected timeline for NATO's response to rising tensions in Eastern Europe?
  • Will the Russian circus's new water-based show face international criticism over animal use?

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This article was originally published by TASS.

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