Central bank lifts key rate to 12% as jitters grow over the economy and currency’s weaknesses
A weak currency offers an incentive to boost oil exports just when Saudi Arabia reduces supply
Policymakers at odds over how to deal with economic fallout from invasion of Ukraine
Central bank says it may raise interest rate as Russian currency weakens to 101 against dollar
Trading volumes were up 277% as Russians sought an alternative to weakening national currency
Currency trades at its lowest level since the aftermath of Moscow’s full-scale invasion of Ukraine
Vladimir Putin’s confidential decree aims to give the Kremlin power to retaliate against European and US sanctions
Planned levy is expected to hit Russia’s metals and fertiliser industries the hardest
Misleading or suppressed official figures make it hard to assess Russia’s wartime economic record but strains are evident
Entities connected with mercenary leader Yevgeny Prigozhin continue to frustrate western efforts to choke off supplies
Finance minister Anton Siluanov tells Vladimir Putin that ‘all these discounts’ are to blame for 50% fall in revenue
Putin raises levies on oil and gas groups after G7 imposes price cap on Russian crude
European securities depository benefits from sharp rise in interest rates
Retail traders turn to dividend payers such as Sberbank and Lukoil
Kremlin builds ‘compensation fund’ in response to west’s ‘illegal expropriation of Russian assets’
The policy should be made to work better despite its design flaws
Shift away from using ‘toxic currencies’ for trade and reserves accompanies increase in yuan-denominated bank accounts
Goods crossing the border surged last year as sanctions stymied Moscow’s access to western markets
Kremlin overhaul targets $8bn of additional annual revenue by reducing market ‘discount’ on crude sales
Moscow sees trade with Beijing as way to bypass western sanctions and help win Ukraine war
Kremlin-controlled lender’s payout comes as profit shrank 80% on western sanctions
The west needs to extend its blocking measures to Moscow’s ‘shadow reserves’
‘Shadow reserves’ from energy earnings undermine restrictions on central bank
Russian currency has lost about 20% of its value in gradual decline since start of December
Push for tougher EU-wide rules after scale of trade in banned products via third countries is revealed
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