Russia’s president has signaled an increase in income and corporate taxes that will help finance the war. The move reflects his firm control over Russian policy.
Tag: Central Bank of Russia
A Russian Bank Account May Offer Clues to a North Korean Arms Deal
Moscow may be trying to help Pyongyang with access to the international financial system in exchange for missiles and ammunition, U.S.-allied intelligence officials suggest.
Russia’s Central Bank Raises Rates to 16 Percent
The bank warned that its tight monetary policy would continue “for a long period” as it attempts to slow an economy in danger of overheating.
Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War
With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.
Russian Ruble Slides Past 100 Against the Dollar, Its Weakest Level Since March 2022
The currency weakened as far as 102 to the dollar, adding to concerns of inflation and prompting the Russian Central Bank to move quickly to consider raising rates.
Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes
The central bank in Moscow took steps to counter the currency’s slide, but the war and resulting sanctions have put intense pressure on the economy.
The ruble’s fall is raising concerns inside Russia about rising inflation.
The Russian currency has lost about a quarter of its value against the dollar this year, a reflection of the country’s roiling economy.
Russia Downs 2 Drones Near Moscow, as Ukraine War’s New Phase Intensifies
It was the 12th time in the past three weeks that Russian officials had reported intercepting such aerial attacks in the heart of the capital.
Europe Vowed to Make Russia Pay for the War. It’s Not That Easy.
Confiscating Russian state assets frozen by the United States and Europe could breach international law and set a dangerous precedent, experts say.
Russia Central Banks Keeps It’s Key Interest Rate Steady Amid Inflation
The country’s central bank said inflation, at 12 percent, risked rising because of a growing budget deficit.