Russian central bank raises interest rate to 15%

[ad_1] High inflation and the weak rouble triggered a higher than expected raise. ADVERTISEMENT Russia’s central bank raised its key interest rate by 2 percentage points to 15% on Friday,…

In spite of a recent dip, Russian banks face record profits this year

[ad_1] High interest rates took a bite out of consumer lending and took a toll on banks’ profits in September. ADVERTISEMENT Russian banks’ profits dropped in September as consumer lending…

Russian rouble tumbles again, exceeding 100 to the US dollar

[ad_1] The rouble has been struggling for months due to the imposition of Western sanctions on Russia, hurting the bank accounts of the general population in the process. ADVERTISEMENT The…