Russia’s Central Bank Leaves Rates Unchanged Despite High Inflation
KN. Russia’s Central Bank held interest rates unchanged despite inflation running well ahead of its target and repeated warnings that a surge in military spending is overheating the economy. The…
Moscow Exchange Halts Dollar, Euro Trade After New U.S. Sanctions
KN. The Moscow Exchange was suspended trading in dollars and euros after it was sanctioned by the United States in a new raft of restrictions aimed at hindering Russia’s ability…
Kyrgyz Banks Suspend Money Transfers With Russia
KN. Major banks in the Central Asia republic of Kyrgyzstan have suspended money transfers to and from Russia amid exchange rate volatility and issues with payment systems, state-run media reported.…
Russian Inflation Rises
KN. The pace of inflation in Russia accelerated yet again as officials warn huge public spending to support the military offensive on Ukraine is overheating the economy. Increases in government…
Russia facing ‘terrible demographic hole’
KN. A “terrible” demographic crisis is looming over Russia and could result in an acute labor shortage of up to 2.4 million workers by 2030, Deputy Prime Minister Dmitry Chernyshenko…










