Russia's official borrowing costs have not been above 20 percent since 2003. They regularly topped 100 percent throughout the 1990s, a decade of economic volatility and hardship following the ...

The central bank of Russia has decided to keep the main interest rate at 21 percent. This marks the second consecutive decision to maintain rates following an October hike to a record level.

The Bank of Russia has hiked interest rates up to 16% to cool the ... Russia's presidential election is set to take place over three days, from March 15 to March 17. Putin is expected to win ...