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MOSCOW (dpa-AFX) - Russia's central bank raised the key interest rates by a massive 100 basis points and signaled that more hikes may be made in the coming year if inflationary pressures persist.The
The Russian economy faces a surge in coronavirus cases, partial lockdowns and spiralling inflation.
Russia Keeps Door Open to More Hikes After Biggest Since 2014 Jul 23 2021, 11:58 PM July 23 2021, 7:13 PM July 23 2021, 11:58 PM (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Russiaâs central bank delivered its biggest interest-rate hike since the 2014 ruble crisis and warned there could be more to come as it struggles to contain surging inflation. The benchmark rate was raised a full per...
Top stories from the Russian press on Friday, June 4th
By Reuters Staff (Adds analyst quotes, context) MOSCOW, May 12 (Reuters) - Russia should impose extra taxes or other penalties on Russian companies that show “greed” by shifting profits abroad but such revenue raising measures should be balanced to avoid discouraging business, the prime minister said on Wednesday. Mikhail Mishustin’s proposal echoed one from President Vladimir Putin, who said last year that a tax should be levied on interest and dividend payments leaving Russia, which led to amended taxation treaties with Cyprus and Malta. Net capital outflow from Russia more than doubl...