Russia’s central bank made a big interest rate hike of 3.5 percentage points on Tuesday, an emergency move designed to fight inflation and strengthen the ruble...
Tag - Russian economy
The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and weaken demand for...
Assets belonging to two major European companies in Russia were seized through a presidential decree signed by Vladimir Putin. Moscow has taken over assets of...
As part of its ever-expanding list of sanctions, the European Union has banned key Russian banks from SWIFT, the high-security system that enables financial...
Russia’s economy has been “catastrophically crippled” by western sanctions and the mass exodus of international companies, according to a...
Russian President Vladimir Putin said on Friday that Russia’s offensive in Ukraine had no influence on global economic difficulties, including energy...
Leaders from the Group of Seven developed democracies pledged Sunday to phase out or ban the import of Russian oil. They made the promise as they met with...
Despite the temporary closure of McDonald’s restaurants in Russia, customers can still buy their fast food from a number of outlets. Franchisees that own...
In the first month of Western sanctions against Russia, thousands of businesses stopped operations in the country either as a direct consequence, or because...
When Vladimir Putin succeeded the widely unpopular Boris Yeltsin in 2000 as president of the Russian Federation, he arrived at the Kremlin shrouded in...
