The Central Bank and the Ministry of Finance of Russia announced a series of unprecedented historical measures to achieve financial stability in the country under the “severe” Western sanctions.
The Russian central government announced today that it will raise the key interest rate to 20% annually, an unprecedented move and the first since September 2013, when data recording began.

The Russian Central Committee said that the decision came to support the Russian ruble currency, provide Russian financial stability and protect deposits of Russian citizens, stressing that the decision to raise interest rates will help maintain financial stability and price stability and protect citizens’ savings from loss. Stripping.