The Russian currency has lost about a quarter of its value against the dollar this year, a reflection of the country’s roiling economy.
Tag: Central Bank of Russia
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.
Biden Calls on World to Punish Russia for Attempt to Annex Ukrainian Land
The U.S. imposed new sanctions on Russian officials and companies, and penalized foreign businesses aiding the Russian military. But officials are holding back on energy sanctions.
Russia Opens Rebranded McDonald’s Restaurants, Without the Golden Arches
The reopening of the fast-food stores under Russian ownership (and with a new logo) illustrates the economy’s surprising resilience in the face of intense sanctions, though tough times lie ahead.
Seizing Russian Assets to Help Ukraine Sets Off White House Debate
Some European officials want to use more than $300 billion in Russian central bank assets to rebuild Ukraine. But Biden administration officials warn that diverting those funds could be illegal.
Oligarchs Got Richer Despite Sanctions. Will This Time Be Different?
For nearly a decade, sanctions have been little more than names on a list for wealthy Russians. Governments are working to give them bite.
Russians Face Sanctions and Anxieties of a Costly War
The ruble plunged, the stock market was shuttered and foreign investors shed holdings in Russian companies, deepening the concern among citizens who had become accustomed to the perks of globalization.