The Latest Breaking News from Elvira Nabiullina

Russia's central bank sharply raised its inflation forecast for 2025 on Friday, warning there was no sign rocketing price increases would go into reverse.

Worth a fraction of a penny now, the ruble has fallen to lows not seen since March 2022, in the early days of the war against Ukraine.

Russia's central bank chief called Thursday for Russia to be an "open economy" despite the barrage of Western sanctions and trading restrictions it has been hit with over its Ukraine offensive.

After emergency stopgap measures helped Russia’s currency defy expectations to hit a seven-year high, it is now plumbing lows not seen since the war started.

Belarus and Russia have no immediate plans to adopt a joint currency, Belarus' strongman leader announced on Monday

Russian Central Bank Governor Elvira Nabiullina said on Tuesday Russia is building its international reserves with assets that cannot be targeted by Western sanctions, the TASS news agency reported.

Early claims Moscow would buckle quickly proved hubristic, yet Putin has also made miscalculations

Latest GDP report shows that UK economy flatlined in final quarter of last year, while Russia is to cut oil production over Western price caps

A prominent Russian businessman on Tuesday asked a London court to pause an $850 million fraud lawsuit brought by two Russian banks because of UK sanctions, arguing that any money recovered could be used to “indirectly fund the war in Ukraine”.