Moscow (The Times Groupe)- The Russian central bank cut its key interest rate by 150 basis points to 9.5% in June, bringing borrowing costs back to levels before the war in Ukraine.
London (The Times Groupe)- The British government today announced new sanctions against the Russian airline sector to prevent state-owned Aeroflot, Ural Airlines and Rossiya Airlines from selling unused landing slots at British airports.
Moscow (The Times Groupe)- As a result of capital controls and higher interest rates, Russia has bailed out the ruble making it the world's best-performing currency year to date. However, it is still too early to tell whether the economy has recovered.
Moscow (The Times Groupe)- Russian news website Lenta.ru briefly posted materials critical of President Vladimir Putin and his government amid a crackdown by the state on independent journalism and media reports critical of Russia's unprovoked invasion of Ukraine.
World Bank (Times Of Ocean)- The Russian economy will shrink by 10% this year as the war in Ukraine and western sanctions bring about its worst recession since the early 1990s, says the European Bank for Reconstruction and Development.
World (Times Of Ocean)- The world's leading economies have announced seven actions to put additional pressure on the Russian economy. The Group of Seven announced...