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Russia’s central bank raises interest rate to 21% to fight inflation boosted by military spending

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MOSCOW (AP) — Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high...
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Russian central bank hikes rates to fight inflation fueled by military spending in growing economy

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MOSCOW (AP) — Russia's central bank raised its key interest rate by a full percentage point to 19% to combat high inflation as government...
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Russia’s strategy to rely more China’s yuan is backfiring

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After the U.S. and its allies sanctioned Russia in 2022 for its invasion of Ukraine, Moscow turned away from the dollar and euro in...

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