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Financial Hurdles

Expansion of Russia's Payment Faces 'Difficulties'

Russia is pushing for countries to adopt its domestic-made Mir payment system as a way to work around sanctions.

slowing inflation

Russia’s Central Bank Slashes Interest Rates to 7.5%

The key rate continues to fall nearly seven months after the Bank raised it to a historic 20% following the invasion of Ukraine.

Central Bank Predicts Russia Will Return to Economic Growth in 2024

"The main challenge in the coming years is to create the conditions for a successful transformation of the economy," a Central Bank report said.

Russia’s Central Bank Unexpectedly Cuts Rates By 1.5%

The Bank pointed to a slowdown in inflation but warned that sanctions continue to severely limit the economy.

times of uncertainty

Number of Russian Financial Fraud Schemes Triple – Central Bank

“New financial pyramid schemes have begun appearing,” the Central Bank said in a statement.

Russian Central Bank Cuts Key Rate as Inflation Eases

The Bank warned that the Russian economy faces a "challenging" environment that "significantly constrains economic activity."

Russian Central Bank Slashes Key Interest Rate Again

The Bank of Russia said it was slashing the rate from 17% to 14% from next week, a greater cut than predicted by many analysts.

back in business

Russian Stock Market to Reopen Thursday After Unprecedented Pause

Partial resumption of trading will be key test of Russia’s financial health following four weeks of war and sanctions.

FINANCIAL REOPENING

Russia’s Central Bank to Buy Government Bonds

After a three-week suspension, limited trading will resume on Russia’s financial markets Monday.

NEW PERESTROIKA

Russian Economy Facing ‘Massive Structural’ Challenges, Central Bank Says

The Russian economy faces a new “perestroika” as it is forced to adjust to life under heavy sanctions and international isolation.

economic intervention

Russia Bans Foreign Currency Sales

Latest strict currency control raises fears of black market.

SANCTIONS AND INFLATION

Russia’s Economy on the Brink of Crisis After Ukraine Attack

Despite Moscow’s talk about a sanctions-proof economy, Putin’s military action will likely have steep costs.

Russia’s Central Bank Offers Liquidity Lifeline to Banks as Markets Crash

The country’s financial markets have plunged over the past two days because of the crisis in Ukraine.

INFLATION BATTLE

Russia Hikes Interest Rates Again, Warns of ‘Overheating’ Economy

The Central Bank raised its key rate to 9.5% as inflation pressures continued into the new year.

Russia’s Central Bank Steps In to Halt Ruble Slide as Markets in Freefall

Russia’s Central Bank was forced to halt foreign currency purchases in a bid to stop a dramatic slide in the value of the ruble.

Ukraine Standoff Threatens to Derail Russia’s Domestic Battle Against Inflation

Even without invasion, the crisis is accentuating rising price pressures at home.

currency control

Russian Central Bank Seeks to Ban Crypto Mining, Investment

Russia has the world’s third-largest share in the global crypto mining market behind the United States and Kazakhstan.

Russia Sharply Hikes Rates in Desperate Battle With Inflation

The Central Bank has raised interest rates to their highest level in four years as inflation threatens fragile pandemic recovery.

CRYPTO CRACKDOWN

Russia Mulls Crypto Investment Ban – Reuters

Central Bank concerned about financial stability risks from Russians' large cryptocurrency portfolios.

'ECONOMIC DISASTER'

Russia’s Inflation Surges Once More, Central Bank Poised for Rate Hike

Inflation has surpassed expectations again, climbing to 8.4% in November.

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