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Russia Eyes Biggest Rate Hike Since 2014 Áine Quinn, Bloomberg News Elvira Nabiullina, governor of Russia s central bank, pauses during a panel session on day two of the St. Petersburg International Economic Forum (SPIEF) in St. Petersburg, Russia, on Thursday, June 3, 2021. President Vladimir Putin will host Russiaâs flagship investor showcase as he seeks to demonstrate its stuttering economy is back to business as usual despite continuing risks from Covid-19 and new waves of western sanctions. , Bloomberg (Bloomberg) The Bank of Russia may increase interest rates by the most since the ruble crisis in 2014 as it struggles to contain surging inflation. ....