Russia cuts rates to save businesses it’s about to crush with taxes
The governor who defended high rates as “economic Darwinism,” has just reversed course.
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Central Bank key rate
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Ukrainians pour record savings into banks as real returns turn positive (INFOGRAPHIC)
Deposits hit a record 1.36 trillion hryvnias in November. In Russia, similar rates are squeezing the civilian economy.
Russia’s business empire crumbles — yet its military still marches
Small businesses fail, innovation dies, but Moscow’s energy profits keep its economi alive.