Trends - Russian central bank - Business Recorder

Business & Finance

Russia holds hearing in $232bn case over frozen assets in EU

It is seeking around $232 billion, a sum it says covers the assets and compensation for lost returns

Published 16 Jan, 2026 06:48pm

World

Russian central bank cuts key rate to 16% as Putin speaks

Underlying measures of current price growth declined in November. However, inflation expectations have edged up in recent months

Published 19 Dec, 2025 09:07pm

Business & Finance

Russian central bank cuts key rate by 1 percentage point to 20%

MOSCOW: The Russian central bank cut its key interest rate by one percentage point to 20% on Friday, saying economic...

Published 06 Jun, 2025 04:28pm

Business & Finance

Russian central bank keeps key rate on hold at 21%

MOSCOW: The Russian central bank maintained its key interest rate at 21% on Friday, with inflation starting to...

Published 25 Apr, 2025 05:36pm

Business & Finance

Russian central bank warns US tariff hikes may slow global growth

MOSCOW: U.S. tariff hikes may slow down world economic growth and fuel inflation, and oil prices could be lower than...

Published 02 Apr, 2025 07:11pm

Business & Finance

Russia holds key rate at 21% as inflationary pressure remains high

MOSCOW: The Russian central bank kept its key rate on hold at 21% on Friday, in line with expectations, and said...

Published 21 Mar, 2025 04:30pm

Markets

Russian rouble weakens vs US dollar after gaining 14% since start of 2025

MOSCOW: The Russian rouble weakened against the US dollar and China’s yuan on Monday after gaining 14% against the...

Published 10 Feb, 2025 01:19pm

Markets

Russian rouble flat vs US dollar, China’s yuan

MOSCOW: The Russian rouble held steady against both the US dollar and the Chinese yuan on Thursday as increased...

Published 16 Jan, 2025 03:24pm

Print

Russian central bank hikes key rate to fight inflation

MOSCOW: Russia’s central bank raised its key interest to 18 percent on Friday, the sixth hike in just over a year...

Published 28 Jul, 2024 06:49am

World

Eight injured in Ukrainian attacks on Russia’s Belgorod

MOSCOW: Eight people were injured in overnight Ukrainian attacks in and around the western Russian city of Belgorod,...

Published 09 May, 2024 11:24am

World

EU agrees on using Russian asset profits for Ukraine

BRUSSELS: EU member states reached agreement Wednesday on a plan to use billions of euros in profits from frozen...

Published 08 May, 2024 09:52pm

Business & Finance

Russian central bank lends more Chinese yuan under currency swap operations

MOSCOW: Russia’s central bank said it had provided banks with 2.5 billion Chinese yuan ($346.25 million) for the...

Updated 30 Mar, 2024 08:20pm

Business & Finance

Russian central bank keeps rates at 16%, says policy will stay tight

MOSCOW: Russia’s central bank held its key interest rate at 16% on Friday, warning that inflationary pressure...

Published 22 Mar, 2024 05:26pm

Business & Finance

Russian central bank raises key interest rate to 16% to counter inflation

MOSCOW: Russia’s central bank on Friday raised its key interest rate to 16 percent, announcing a fifth hike since...

Published 15 Dec, 2023 07:00pm

Business & Finance

Russian central bank: high rates likely needed throughout 2024

MOSCOW: Russia will probably need to keep interest rates high throughout 2024, the Bank of Russia’s Deputy Governor...

Published 03 Oct, 2023 04:58pm

Markets

Yen worries increase as dollar strengthens after Fed

TOKYO: The dollar hit fresh peaks on Thursday, sitting around its highest against the yen since November after a...

Published 21 Sep, 2023 09:43am

Business & Finance

Russian central bank says rates will need to stay high as it hikes to 13%

MOSCOW: Russia’s central bank raised its key interest rate by 100 basis points to 13% on Friday, jacking up the cost...

Published 15 Sep, 2023 06:19pm

Markets

Russian central bank hikes rates by 350 bp to 12% in extraordinary meeting

MOSCOW: Russia’s central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate...

Published 15 Aug, 2023 01:23pm

World

EU leaders push to fund Ukraine with proceeds from Russia's frozen assets

BRUSSELS: European Union leaders will push senior officials on Thursday to find legal ways to funnel proceeds from...

Published 29 Jun, 2023 07:53pm

World

Over $8bn of Russian central bank assets held in Switzerland

GENEVA: A total of 7.4 billion Swiss francs ($8.3 billion) of reserves and assets of the Russian central bank are...

Published 10 May, 2023 05:55pm

World

'Not easy' to seize Russia assets: EU task force head

STOCKHOLM: EU plans to seize Russian assets following Moscow's invasion of Ukraine, prioritising state assets of...

Published 25 Mar, 2023 12:12am

World

Russian assets worth around $5.7bn sanctioned in Germany

BERLIN: Russian assets worth around 5.32 billion euros ($5.69 billion) have been sanctioned in Germany over the...

Published 18 Feb, 2023 01:20pm

World

EU to examine using confiscated Russian assets for reconstruction

European Council President Charles Michel has urged the block’s national leaders to push forward with talks on using...

Published 23 Jan, 2023 10:39am

World

Russia falls into recession

MOSCOW: Russia's economy has entered a recession as gross domestic output fell by four percent in the third quarter,...

Published 16 Nov, 2022 10:38pm

Business & Finance

Russian Central Bank maintains key rate at 7.5 percent

MOSCOW: The Russian central bank kept its key rate at 7.5 percent on Friday, an expected measure aimed at supporting...

Published 28 Oct, 2022 05:56pm

Markets

Russian could buy yuan, Indian rupees, Turkish lira for rainy day fund

MOSCOW: Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold...

Updated 12 Aug, 2022 07:15pm

Markets

Russian central bank cuts key rate to pre-crisis level of 9.5%

Russia’s central bank cut its key interest rate to the pre-crisis level of 9.5% on Friday and said it would continue...

Published 10 Jun, 2022 03:52pm

Business & Finance

Russian central bank plays down role of dollar and euro at home and globally

Russia’s central bank said on Tuesday that the role of the dollar and the euro as global currencies would decline as...

Published 31 May, 2022 06:43pm

Business & Finance

Russian central bank slashes rates, flags more cuts

Russia’s central bank lowered its key interest rate to 11% at an off-schedule meeting on Friday and said it saw room...

Published 26 May, 2022 01:18pm

World

Brussels says about $24bn of Russian central bank assets frozen in EU, less than expected

BRUSSELS: European Union states have reported the freezing of about 23 billion euros ($24.5 billion) of assets of...

Published 25 May, 2022 08:15pm