MOSCOW - Russia's central bank raised its main interest rate much more than expected on Oct. 31, trying to tackle a sliding ruble and climbing inflation as plunging global oil prices and Western sanctions hurt the economy.
Russia's War Against Ukraine
Reuters: Russia raises interest rate sharply as ruble slides, inflation climbs
Members of a social network group \"I Really Like Putin\" perform in front or a two-meter Russian Ruble coin in Moscow on Aug. 18, 2011, during their action in support of Russia's currency.
