Russia Cuts Interest Rates to 17 Percent as Ruble Recovers The unscheduled rate change came after the ruble had regained most of its losses since Russia invaded Ukraine.
The Ruble Has Bounced Back. What Does That Mean? Russia’s financial position is stronger in the short term than many expected.
Amid Sanctions, Putin Reminds the World of His Own Economic Weapons The Russian leader has stabilized the ruble and kept Europe’s leaders guessing by threatening to cut off energy. But he has left the country financially isolated.