Lending may have slowed 'faster than necessary' in Russia's inflation fight, says central-bank official

Bank interest rates on deposits and loans rose much higher than the central bank's key rate, causing a slowdown in lending activity. Read More

Russia economy panic as move from banking boss causes Vladimir Putin's cronies to 'squeal'

The Russian central bank’s decision to raise interest rates to 21% has left Vladimir Putin’s cronies "squealing", according to an expert. Richard Connolly, an associate fellow at the Royal ... Read More

Russia's central bank holds off on interest rate hike amid friction between inflation, war spending

Russia's central bank has left its benchmark interest rate at 21%, holding off on further increases as it struggles to snuff out inflation fueled by the government's spending on the war against ... Read More

Russian economy in meltdown as Vladimir Putin issued dire bankruptcy warning

Tensions have reportedly erupted among Russia's elite due to the heavy toll of sanctions on the economy as Vladimir Putin is issued a dire warning ... The central bank has already projected ... Read More

The ruble is down, the price of potatoes is up. But is Russia's economy really in trouble?

One lawmaker is calling on the ... than 130 people. Russia has recently expanded its efforts to attract workers from Africa, but Russia's Central Bank is forecasting the economy may find itself ... Read More

How Russia's weakening economy could impact the war with Ukraine

In Russia, the country's wartime economy ... the ruble, has tumbled. And next year's economic growth forecasts have been slashed. Alexandra Prokopenko worked at the Russian Central Bank and ... Read More

Russia’s ruble has plunged amid fresh sanctions as wartime economy strains

Russia’s ruble has fallen to its lowest level against ... sanctions and the latest sign of a struggling wartime economy. Russia’s central bank said on Wednesday it would stop foreign currency ... Read More

Russian central bank takes desperate stand to halt collapsing ruble and fierce inflation

In a bid to stave off red-hot inflation, Russia’s central bank halted all ... leaking into the country through the rising cost of imported goods. The Russian economy is also suffering from ... Read More