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Russia Raises Interest Rate to 21 Percent, Its Highest in Decades

Banking and Financial Institutions Central Bank of Russia Economic Conditions and Trends Inflation (Economics) Interest Rates Russia Russian Invasion of Ukraine (2022)

Russia Raises Interest Rate to 21 Percent, Its Highest in Decades

Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices.

By Anatoly Kurmanaev

U.S. and Europe Move Closer to Using Russian Assets to Help Ukraine

Biden, Joseph R Jr Central Bank of Russia Euroclear Europe European Union Group of Seven Russia Russian Invasion of Ukraine (2022) Treasury Department Ukraine United States International Relations United States Politics and Government

U.S. and Europe Move Closer to Using Russian Assets to Help Ukraine

Finance ministers from the G7 nations are hoping to finalize a plan ahead of the group’s leaders meeting next month.

By Alan Rappeport

Russia’s Central Bank Raises Rates to 16 Percent

Banking and Financial Institutions Central Bank of Russia Economic Conditions and Trends Interest Rates International Relations Nabiullina, Elvira S Russia Russian Invasion of Ukraine (2022)

Russia’s Central Bank Raises Rates to 16 Percent

The bank warned that its tight monetary policy would continue “for a long period” as it attempts slow an economy in danger of overheating.

By Ivan Nechepurenko

E.U. Moves to Tap Frozen Russian Assets to Help Ukraine

Banking and Financial Institutions Central Bank of Russia Euroclear Europe European Union International Relations Russia Russian Invasion of Ukraine (2022)

E.U. Moves to Tap Frozen Russian Assets to Help Ukraine

A plan to use interest earned on frozen Russian central bank assets could provide up to 15 billion euros for Ukraine, but faces hurdles before final approval.

By Monika Pronczuk and Eshe Nelson