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 ...

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

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

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

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

The Russian central bank is expected to hike its key interest rate by another 200 basis points (bps) to 23% at its last ...

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.

Several economists, including Liam Peach, a senior emerging market economist in Capital Economics, expect the Central Bank of ...

Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after ...

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