The slowdown is worrying for the Kremlin but not serious enough to significantly hobble its war effort.
Tag: Nabiullina, Elvira S
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.
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.