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    Russian Central Bank faces real consequences. Interest rates twice as high

    Today, the information about increasing interest rates and the new monetary policy of the Russian Central Bank has been passed along on Twitter. It may mean that Russia is having real troubles related to the sanctions given by the EU.

    According to the information published on Twitter by “The Kyiv Independent” Russian Central Bank decided to increase the interest rate from 9.5 per cents up to 20 per cent.

    Earthquake on the Russian currency market.

    The price of the Russian ruble fell to a record low on Monday after Western countries announced new sanctions against Russia. 

    In the Asian market, the ruble fell against the US dollar to 119.50, down 30% from Friday’s stock market close. Later, the price rose to about 113 rubles per dollar.


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