MOSCOW - Russia's central bank raised its main lending rate by one percentage point on Dec. 11 but failed to stop the rouble's slide or lift the gloom over an economy hit by Western sanctions and falling oil prices.
Russia's War Against Ukraine
Reuters: Russian rate rise fails to halt ruble’s slide
A pedestrian walks past a board listing foreign currency rates against the Russian ruble outside an exchange office in central Moscow on Nov. 10, 2014.
