Russia raises rate again amid inflation & exchange rate fears
Russia’s central bank raised its key interest rate by 100 basis points to 13% on Friday, jacking up the cost of borrowing for the third meeting in succession in response…
ruble plummets
The Russian Ruble tumbles, hits lowest value against USD
Strikes on Moscow, public jitters and decreasing liquidity leave economists with concerns that the Ruble may eventually enter into “free fall.” The Russian Ruble (RUB) has continued to slide as…
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Russian ruble plummets as sanctions bite, run on banks
One of the unfortunate side effects of the heavy sanctions brought down on Russia from the West is the fact that ordinary average Russians will suffer right along with the…
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