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Moscow has introduced strict new currency controls for foreign companies selling off their Russia-based assets as it attempts to shore up a weakening ruble, the Financial Times reported Tuesday, citing anonymous sources familiar with the matter.
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The hike marks the fourth straight time Russia’s central bank has raised rates in response to a weak ruble and stubborn inflationary pressure
The war in Ukraine, which broke out in February 2022 with Russia's invasion of its neighbor, shows no sign of ending as both sides intensify attacks t
The ruble fell further against the dollar on Friday, a day after Russian President Vladimir Putin said the sanctions-hit country's economic situation was "stable."
International Business News: The Russian ruble has depreciated to nearly 100 per dollar, a significant milestone for both consumers and the government. Efforts by policymakers to