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.
Category: Russia
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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.
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The ruble’s fall is raising concerns inside Russia about rising inflation.
The Russian currency has lost about a quarter of its value against the dollar this year, a reflection of the country’s roiling economy.
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Anna Netrebko Sues Met Opera After Losing Work Over Support of Putin
Seeking at least $360,000, the singer accused the storied opera house of discrimination, defamation and breach of contract. The company disputed her claims.
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Russia’s Wartime Spending Raises Fears of an Economic Bubble
The economic strength has helped to maintain popular support for Vladimir Putin’s war, but some have warned the state-led spending is threatening the country’s financial stability.
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Why Austria Is Struggling to Break Away From Russian Gas
Austria, unlike most European Union countries, is still buying nearly as much natural gas from Russia as it was before the war in Ukraine.
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Russia Takes Its Ukraine Information War Into Video Games
Propaganda is appearing in Minecraft and other popular games and discussion groups as the Kremlin tries to win over new audiences.
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Europe Vowed to Make Russia Pay for the War. It’s Not That Easy.
Confiscating Russian state assets frozen by the United States and Europe could breach international law and set a dangerous precedent, experts say.
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Colombians Seeking to Rally South America Behind Ukraine Were Nearly Killed
A deadly missile strike on a crowded restaurant wounded three Colombians who hope to build support for Ukraine in a continent that has avoided taking sides.
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Russian Attack Threatens Even Alternative Routes for Ukrainian Grain
The attack on a grain hangar on the Danube River, an alternative export route that has become an economic lifeline, complicates Ukraine’s efforts to export its grain.