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The inflationary pressures on the Russian economy remain high, despite the Russian Central Bank setting an interest rate of 18%. An annualized rate of price increases from May to July stands at 10 ...
Worth a fraction of a penny now, the ruble has fallen to lows not seen since March 2022, in the early days of the war against Ukraine. Russian central bank takes desperate stand to halt collapsing ...
An economic collapse will undermine Russia’s military and war efforts, he said, leaving Putin with two choices. The first is unlikely as it would require Putin to ask the broader society for ...
Russia's central bank says inflation is rising while the nation's economy cools. These are the key ingredients for stagflation, a scenario that's harder to combat than a recession.
The Russian government, through Kremlin spokesman Dmitry Peskov, states in a press conference that the invasion of Ukraine is now a "war" and no longer a "special military operation," the official term used for the war by the Russian government.
Russia earned some $15.6 billion in oil export revenue in January, according to the Kyiv School of Economics' Russian oil tracker. That's about $500 million a day. Longer term, the economy's ...
Within days of the Russian invasion of Ukraine in February 2022 western countries moved to freeze Russian central bank funds in these countries. [1] [a] In March 2023 (prior to the destruction of the Kakhovka Dam) a joint assessment was released by the Government of Ukraine, the World Bank, the European Commission, and the United Nations, estimating the total cost of reconstruction and ...
Russia’s economy has shown some cracks owing to inflation and overexposure by military-adjacent industries. But in sum, it has remained resilient despite the war being dragged on for three years.