Category: Central Bank of Russia

Why Countries Are Stocking Up on Gold

The New York Times – Business:
As risk has escalated, central banks have bought more gold to stash in reserve. A widening Middle East war could add to the urgency.
Russia Sues Holder of Frozen Assets Europe Wants for Ukraine Loan

The lawsuit was a warning to European officials who are racing to agree to a plan to use Russian government assets in Europe to lend money to Ukraine.
Can Russia’s Economy Withstand Trump’s Threats to Impose Sanctions?

The Russian economy was slowing even before President Trump’s latest threats. But the Kremlin has enough money to keep fighting in Ukraine.
Russia Again Cuts Interest Rates as Its Economy Slows

Falling inflation has persuaded the central bank in Moscow to continue relaxing the country’s record borrowing costs.
Is It Time to Transfer Frozen Russian Assets to Ukraine? Calls Grow Louder.

President Trump’s threat to abandon Ukraine added urgency to plans to fund security or reconstruction with the roughly $300 billion owned by Russia’s central bank.
U.S. Transfers $20 Billion Loan to Ukraine Backed by Russian Assets

The economic lifeline ensures that Ukraine will have economic support after President-elect Donald J. Trump takes office.
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.
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.
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.
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.
Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War

With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.
Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes

The central bank in Moscow took steps to counter the currency’s slide, but the war and resulting sanctions have put intense pressure on the economy.