Country’s economy faces fallout from international sanctions prompted by invasion of UkraineRussia-Ukraine crisis: live newsRussia’s central bank has more than doubled interest rates to 20% and refused to open the Moscow stock exchange in an attempt to protect its currency and economy in the face of international sanctions over the invasion of Ukraine. The rate rise, from 9.5%, is aimed to balance the precipitous fall in value of the rouble and surging inflation as the country braces for its financial markets to take a battering this week. Continue reading…
Country’s economy faces fallout from international sanctions prompted by invasion of Ukraine
Russia’s central bank has more than doubled interest rates to 20% and refused to open the Moscow stock exchange in an attempt to protect its currency and economy in the face of international sanctions over the invasion of Ukraine.
The rate rise, from 9.5%, is aimed to balance the precipitous fall in value of the rouble and surging inflation as the country braces for its financial markets to take a battering this week.