Russia brings back capital controls to shore up the ruble
Russia has reimposed some of the capital controls it introduced in the wake of its full-scale invasion of Ukraine in a new attempt to prop up the ruble as the cost of war weighs heavily on the economy.
2023-10-12 20:57
Russia's central bank raises interest rates to 12% after the ruble plunges
Russia's central bank hiked its main interest rate by 3.5 percentage points to 12% Tuesday after the ruble cratered to a 17-month low the previous day.
2023-08-15 17:48
Russia's ruble hits a 17-month low to the dollar as the Ukraine war bites
The ruble hit a 17-month low against the dollar Monday, highlighting the growing squeeze on Russia's economy from Western sanctions and a slump in export revenues.
2023-08-14 16:20