MOSCOW - Late on Dec. 16 night Russia's central bank governor wrung out an agreement with her officials to impose the country's biggest rate hike since the financial crisis of 1998 - with the approval of President Vladimir Putin.
Russia's War Against Ukraine
Reuters: Russia’s ‘difficult’ rate hike approved by Putin
Pedestrians walk past a board listing foreign currency rates against the Russian ruble outside an exchange office in central Moscow on Dec. 16, 2014.
