The Russian economy was slowing even before President Trump’s latest threats. But the Kremlin has enough money to keep fighting in Ukraine.
Tag: Nabiullina, Elvira S
Russia Again Cuts Interest Rates as Its Economy Slows
Falling inflation has persuaded the central bank in Moscow to continue relaxing the country’s record borrowing costs.
Plunge in Oil Prices Threatens Russia’s Vast Spending on Ukraine War
The lower revenues, a result in part of President Trump’s trade war, could prove more damaging to the Russian economy than the penalties the United States and its allies have already imposed.
Tensions Rise Among Russia’s Elite as Economic Growth Slows
The slowdown is worrying for the Kremlin but not serious enough to significantly hobble its war effort.
Russia Raises Key Inflation Rate to 18 Percent
The move underscored the wartime risks for the Kremlin as the government pumps enormous sums of money into the Russian economy.
The Technocrat Who’s Taking Control of Putin’s War Effort
Andrei R. Belousov, an intellectual with no military experience, is known for backing a state-dominated economy.
The Technocrat Who’s Taking Control of Putin’s War Effort
Andrei R. Belousov, an intellectual with no military experience, is known for backing a state-dominated economy.
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.