In a bid to stave off red-hot inflation, Russia’s central bank halted all foreign currency purchases for the remainder of the year, while actively selling Chinese yuan, in hopes of propping up ...

Russia left its key interest rate unchanged for a fourth straight meeting, despite a continuing rise in inflation driven by the diversion of men and material to prosecute the invasion of Ukraine.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Raiffeisen Bank International, the largest western bank still doing business in Russia, has halted attempts ...