The Russian Central Bank's decision to raise interest rates to their highest level in two decades has so far failed to slow ...

Elvira Nabiullina, the governor of Russia's central bank, has hiked the key interest rate to 21% to combat inflation in the country's red-hot, war-driven economy.Vladimir Pesnya/Epsilon/Getty ...

Russia attempted to use the Akkuyu Nuclear Power Plant (NPP) project in Türkiye in 2022 to create an "offshore dollar reserve ...

Hit by a triple whammy of soaring loans, plummeting sales, and evaporating state support, many small-and medium-sized companies (SMEs) are teetering on the verge of disaster.

Russia's Central Bank has dismissed rumors that it would act to freeze the deposits of citizens lured by sky-high interest rates.

The Central Bank of Russia has taken to Telegram to publicly dismiss rumors that its citizens' bank deposits may be frozen. The bank wrote in a Telegram post on Monday that the idea that retail ...

For a normal country, a budget deficit of 2% of GDP would be of no concern. But Russia is not a normal country.

The concerns came after Elvira Nabiullina, the governor of Russia's central bank, hiked rates to 21% late last year in a bid to cool soaring inflation — an economic pain point President Vladimir ...

The head of the bank, Elvira Nabiullina, was forced into the move, as she attempts to curb runaway inflation. Further interest rate hikes have not been ruled out, with some experts predicting a ...