Russians are so nervous about the economy that the central bank took to Telegram to dismiss rumors about deposits being frozen
Russia's central bank hiked rates to 21% late last year in a bid to cool soaring inflation.
Russian Economy Time Bomb: Putin Warned of 'Seismically Disruptive' War Debt
About half of Russia's military budget is off the books, according to Craig Kennedy, a former Morgan Stanley investment ...
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Russia's economy is entering a year of pain in 2025
President Vladimir Putin said inflation was at "a relatively high level" at an investment forum in early December.Sergei Bobylev, Sputnik, Kremlin Pool Photo via AP Russia's economy will be under ...
Biden administration sanctions Russia’s oil giants and tanker fleet
The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil ...
Russia Holds Interest Rates at 21% Amid Inflation
Contributing factors to inflation include increased military production, labor shortages, and a weakening ruble.
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Russia's economy has irreversibly turned toward a 'stagnation trap,' think tank says
Russia's economy will be ground to a halt by 2026, a think tank said this week. Massive government spending on defense is costing other sectors, Alexandra Prokopenko wrote. Businesses are slumping ...