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Russia cuts interest rate to 17% as strains show in wartime economy
Russia’s central bank is cutting its benchmark interest rate by one percentage point to 17%, a step that could support growth and business activity as the economy slows and the government budget ... Read More
Putin blow as Russia faces economy meltdown amid huge staff recruitment freeze
A new survey conducted among more than 300 professionals across Russia showed only a quarter of respondents were planning to expand headcount - a huge drop ... Read More
Bank of Russia Set to Keep Slashing Key Rate as Economy Cools
The Bank of Russia is poised to continue steep rate cuts as the economy cools faster than expected, with growth at risk of undershooting official targets this year. Read More
Russia slashes 2025 economic growth forecast to 1.5% from 2.5%
Spending on war in Ukraine, high interest rates slowing economy Official forecast was 2.5% for 2025 Russia also cuts forecast for industrial production Russia's key interest rate is at 18% MOSCOW, Aug ... Read More
Russian economy is stagnating amid Ukraine war, says Sberbank CEO
The head of Russia's largest bank has said the country's economy has reached a stage of "technical stagnation." Speaking at the Eastern Economic Forum in the Russian city of Vladivostok, German Gref, ... Read More
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