Share this article

Russian Banks Raise Key Rates to 20% in Desperate Measure to Save Ruble

The country faces sanctions from the West as the war against Ukraine continues.

By Shaurya Malwa

Updated May 11, 2023, 4:42 p.m. Published Feb 28, 2022, 8:01 a.m.

BEIJING, CHINA - FEBRUARY 04: Russia's President Vladimir Putin attends the opening ceremony of the Beijing 2022 Winter Olympics at the Beijing National Stadium on Feb. 04, 2022 in Beijing, China. (Anthony Wallace/Getty Images)