The Russian economy is experiencing difficulties due to inflation – UNIAN
The Central Bank is unable to contain inflation, despite raising the key rate to 21%.
The fall of the ruble in the Russian Federation has accelerated, and the central bank is unable to contain inflation. However, Russia does not face significant restrictions on budget financing or military spending. This is stated in the “Russia Chartbook” study from the KSE Institute for December.
“The ruble remains under significant devaluation pressure, having lost its previous stability. The ruble's decline has accelerated this fall, depreciating by more than 50% against the US dollar and euro, and weakening against other major currencies. The main factors for this are the decline in hard currency receipts and sanctions against financial institutions and the Moscow Exchange,” the document says.
Analysts noted that the Central Bank…
