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Monday, October 3, 2022

Tag: Russian Economy

Russian central bank cuts key rate to 9.5%, borrowing costs back to pre-war level

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.

UK sanctions Russian airlines to prevent them selling landing slots

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.

Russian ruble’s return to pre-war levels no sign of economy back on track

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.

Lenta.ru briefly calls out Kremlin’s ‘paranoiac’ war, filled with anti-war, anti-Putin content

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.

Ukraine war, sanctions shrink Russian economy by 10%

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.

G7 takes further economic measures against Russia

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...

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