petroruble

English

Alternative forms

Etymology

From petro- (prefix meaning ‘petroleum; oil export’) +‎ rouble.

Noun

petroruble (plural petrorubles)

  1. (economics, rare) Money in rubles earned from the sale of oil.
    Coordinate term: petrodollar
    • 1984, Mark V. Kauppi, R. Craig Nation (editors), The Soviet Impact in Africa, page 81:
      Nevertheless, even this growth rate may lead to a serious deterioration in the terms of trade for Eastern Europe and may demand greater Soviet financial assistance in default of higher Soviet subsidies and a recycling of petrorubles earned from the export of oil, perhaps in the form of low interest rate trade credits.
    • 1990, Bureau of National Affairs (Arlington, Va.), Institut mirovoĭ ėkonomiki i mezhdunarodnykh otnosheniĭ (Akademii︠a︡ nauk SSSR), (contributors), Steve Hirsch (editor), MEMO 2, Soviets Examine Foreign Policy for a New Decade, page 307:
      The petroruble euphoria is a thing of the past. Yet food imports have increased and continue to be used to "patch" the holes in the country's domestic market. They account for about 20 percent of all Soviet imports, an exceptional figure.
    • 2013, William J. Moylan, The King of Terror:
      If Sechin decides to sell this Iranian oil for rubles, through a Russian exchange, such a move will boost the chances of the 'petroruble' and will hurt the petrodollar.
    • 2012, Gary M. Zatzman (editor), Sustainable Energy Pricing, Nature, Sustainable Engineering, and the Science of Energy Pricing, page 12:
      and even that the Putin government in Moscow was mulling the idea of introducing aspecific oil-trading currency tentatively dubbed the "petroruble."
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