The Latest Breaking News from Bank of Russia

Poland and Baltic states say bloc should seize funds to start rebuilding country, amid questions of legality

Russia has plunged into a recession after its economy shrank by 4% in the most recent financial quarter, with the effects of Western sanctions on trade now taking hold

The Bank of Russia, the country’s central bank, has surprisingly announced a fixed price for buying gold with roubles. With a price of RUB5,000 (£45.12) for a gram of gold, to my knowledge it’s the first time that a nation’s currency has been expressed in “gold parity” since Switzerland decided…

Berlin’s Foreign and Security Adviser says ‘there is a solid basis of commonality of view with our friends in India’

Commodities including wheat and aluminium surge and European stocks slide as markets respond to wider sanctions on Russia

Western nations are set to enact drastic new sanctions that would cripple Russia’s economy and financial system after initial penalties failed to convince President Vladimir Putin from pulling out of Ukraine.

Bank scrambles to prevent invasion of Ukraine sending Russia’s financial system into meltdown as currency hits all-time low

Markets in turmoil: Gas prices jump 45%, Russian stocks crash, rouble falls to record low and Russian bonds sell off as Putin’s tanks roll into Ukraine

Russia's Central Bank announced that it has already conducted the first tests of its central bank digital currency (CBDC), often referred to as the "digital ruble."