The Latest Breaking News from Elvira Nabiullina

Russia's central bank raises interest rates to 21% to combat inflation from military spending and supply-demand imbalances.

Andrey Kostin said the bank's interest rates would reach about 21% by the end of the year, but told Russian media to ask the governor.

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”.

The General SVR Telegram channel has claimed that 'several attempts to start recording an appeal were frustrated due to coughing' and doctors were called after four unsuccessful attempts to record the address

The head of the Russian Central Bank is warning that the country’s economy faces pressure from abroad that could persist indefinitely, dampening hopes that conditions could return to the way they were before Russia sent troops into Ukraine