Russia's 's central bank hiked its key interest rate to 12% on Tuesday. The 3.5 percentage point rise represents a bid to fight high inflation and the sharp depreciation of the country's currency ...

This does not have any immediate catastrophic implications for the Russian economy or Putin's capacity to continue this war. However, the ruble's depreciation has important symbolic and therefore ...

Russian President Vladimir Putin commented on the situation earlier, saying there was no need to panic about the depreciation of the ruble and that the currency's fluctuations were affected by ...

The Russian ruble has been declining steadily and reached a 17-month low this week, tumbling past 100 rubles to the U.S. dollar. This gives the ruble less value than a single American cent and ...

The Russian ... "The ruble is breaching psychological thresholds, but volatility is minimized by the efforts of our regulator," a Kremlin spokesman said, commenting on the depreciation of the ...