Contributing factors to inflation include increased military production, labor shortages, and a weakening ruble.

Russian business leaders and defense companies have pressured the central bank to avoid tightening interest rates.

Russia’s central bank has left its benchmark interest rate at a record 21%, holding off on further increases despite high ...

The Central Bank of Russia decided that discretion was the better part of valor Friday, suspending its campaign of interest ...

Soaring borrowing costs are cooling demand in Russia's real estate market, with potential buyers scared off by mortgage rates ...

Squeezed by Western sanctions and soaring interest rates, Russia’s businesses fear bankruptcies as President Vladimir Putin ...

The decision has brought criticism from influential business figures, who say high rates are hindering business activity and ...

Russia's central bank kept interest rates at 21 percent on Friday despite surging inflation, a surprise decision that follows ...

Russia's central bank kept interest rates at 21 percent on Friday despite surging inflation, in a surprise move as economists had expected an increase.

Russia’s central bank on Friday left its key interest rates unchanged at 21%, citing monetary tightness as Moscow wages its ...

Russia central bank's decision to raise interest rates to record highs to curb inflation caused by the Ukraine war has left ...

Russia's largest movie studio donated about 50 tanks and armored vehicles from the 1950s that it had been using a props.