Recently the Russian Central Bank hiked interest rates to a historic high of 21%, as inflation continues to rise. As a result, high street banks have responded by raising interest payments on ...
Russian President Vladimir Putin says that Russia's war economy is well balanced to supply both guns and butter, but the price of butter itself is now soaring as surging inflation distorts parts ...
the Russian economy is running hot and in danger of overheating. Massive military spending including high payments to soldiers has fueled economic growth, as well as high wages and inflation ...