russian economy

Russia cuts interest rate by 100 bps from 20-year high; warns tight policy will stay

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Russia’s central bank has lowered its key interest rate to 20 percent, a first cut since September 2022, signaling an attempt to balance economic growth ...

Russia won’t ‘roll out red carpet’ for McDonald’s return amid growing interest from foreign firms, says Putin

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President Putin has asserted that Russia will not welcome McDonald’s return after their exit in 2022 due to Western sanctions. He emphasized support for Russian ...