Thursday, September 19, 2024
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Russia's central bank

Russian central bank hikes rates to fight inflation fueled by military spending in growing economy

MOSCOW (AP) — Russia's central bank raised its key interest rate by a full percentage point to 19% to combat high inflation as government...

Russia’s strategy to rely more China’s yuan is backfiring

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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