The Latest Breaking News from Bank of Russia

Mortgage turbulence continues as HSBC pulls deals; UK house prices ‘to fall 10%’ – business live

HSBC temporarily removes mortgage products for new customers, as borrowers face higher rates

The Guardian - UK · Jun 9, 2023

EU urged to use frozen Russian assets to ‘cover costs of aggression’ in Ukraine

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

The Guardian - UK · Feb 8, 2023

Russia falls into recession as Western sanctions lead to a 4% fall in GDP

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

Daily Mirror · Nov 18, 2022

Why Russia has put the rouble on a gold standard – but it's unlikely to last

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…

The Conversation · Apr 5, 2022

India, Germany discuss Ukraine situation

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

The Hindu · Mar 30, 2022

Ukraine crisis: Russia hikes rates to highest since 2003, adds capital controls

LONDON: The Bank of Russia raised its key interest rate to the highest in almost two decades and imposed some controls on the flow of capital in a bid to shield the economy from the impact of sweeping Western sanctions that include penalties on the regulator itself.

The Times of India · Feb 28, 2022

Russian central bank hikes rates and closes stock market as rouble crashes; oil and gas soar – as it happened

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

The Guardian - UK · Feb 28, 2022

US and allies are close to putting financial choke 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.

Tribune News Service · Feb 26, 2022

Russian central bank steps in to prop up rouble and avert market collapse

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

The Guardian - UK · Feb 24, 2022

Oil jumps to $105, gas prices surge and global stocks tumble after Ukraine invasion – as it happened

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

The Guardian - UK · Feb 24, 2022