Russia doubles interest rates in bid to prevent ruble collapse as sanctions bite into markets - The Globe and Mail

Interest rates rise from 9.5 to 20 per cent as oil surges again

A board shows currency exchange rates of U.S. dollar against the Russian ruble in Saint Petersburg on Feb. 28, 2022.ANTON VAGANOV/Reuters Russias central bank more than doubled interest rates to 20 … [+4851 chars]

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