Russia's central bank has kept the key interest rate at 21% and is trying to keep the economy from both overheating and cooling too much.
Russian forces lost 2,200 soldiers on December 20, the highest number of casualties recorded in a single day since Moscow launched its full-scale war on Ukraine on February 24, 2022, according to Ukrainian authorities. Newsweek has contacted the Russian Ministry of Defense via email for comment.
Russia will start humanitarian supplies of electricity to Abkhazia, a breakaway Georgian region backed by Moscow, from Monday, Russian news agencies quoted local officials as saying. Electricity shortages,
Russia’s central bank has left its benchmark interest rate at a record 21%, holding off on further increases despite high consumer inflation fueled by the Kremlin’s war against Ukraine.
The BBC's Russia Editor, Steve Rosenberg, has challenged Vladimir Putin on whether he has "taken care" of Russia during his 25-year rule. At the president's annual end-of-year press conference, Rosenberg reminded Putin about how his predecessor, Boris Yeltsin, told him to take care of the country when he handed over power.
Russia's economy has operated like a marathoner on fiscal steroids—and now those steroids are wearing off."
Contributing factors to inflation include increased military production, labor shortages, and a weakening ruble.
Ukrainian forces have also been accused of executing Russian prisoners of war, but the number of such claims has been much smaller. Yuri Belousov says that the Ukrainian prosecution service treats such accusations "very seriously" and is investigating them - but so far no one has been charged.
Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank unexpectedly held its key rate at 21%.
Russian President Vladimir Putin held talks in the Kremlin on Sunday with Slovakia’s prime minister, Robert Fico, in a rare visit to Moscow by an EU leader since the conflict between Russia and Ukraine began in 2022.