Russia’s overheating economy is on the brink of cooling as huge fiscal stimulus, high interest rates, stubbornly high inflation and Western sanctions take their toll…
Posts tagged as “ruble”
Russian gas producer Gazprom said Tuesday it posted an 8.5-fold drop in its net income for the first half of the year as Europe turned…
Russia’s central bank on Tuesday increased its benchmark interest rate in an emergency move to try and halt the ruble’s recent slide, which prompted a…
President Vladimir Putin’s economic adviser criticized the central bank on Monday after the ruble plunged past 101 against the U.S. dollar, blaming its 30% year-to-date…
