Russian top diplomat shares his impressions from meeting with US leaderRussian Politics & Diplomacy July 21, 20:31
Lavrov bewildered US special services give no facts of Russia’s meddling in US electionRussian Politics & Diplomacy July 21, 19:46
Putin says USSR collapse had greatest impact on himSociety & Culture July 21, 18:37
Putin expects Russian-European Mars landing mission to crown with successScience & Space July 21, 18:21
Key facts about ExxonMobil and its business in RussiaBusiness & Economy July 21, 18:14
Nemtsov’s daughter appeals against verdict on her father’s murder with Supreme CourtSociety & Culture July 21, 18:03
Chinese Navy warships arrive in Russian Baltic port for joint drillsMilitary & Defense July 21, 17:57
This week in photos: Putin’s binoculars, Macron's hug and Berlin’s welcome for UK heirsSociety & Culture July 21, 17:43
Putin discloses his code name at intelligence schoolSociety & Culture July 21, 17:39
The press release said the decision was dictated by the importance of putting brake on the risks related to the devaluation of the ruble and inflation that had grown considerably of late.
The rate was revised upwards the previous time last Thursday. The increase totaled a mere 1 percentage point and the rate was fixed at 10.5% although experts had expected more resolute actions on the part of the CBR.
On the background of expectations for an increase of 2 to 3 percentage points proceeding from the dynamics of rates on the interbank market the ruble continued a slide at the end of last week and on Monday.
It set a new record of one-day fall versus the U.S. dollar and the euro as of 1999, falling 5.22 rubles to the dollar to 63.4 and 6.53 rubles to the euro to 78.81.