Tue, 21-Oct-2025

South Korea bans transactions with Russian central bank

Russian central bank

SEOUL: South Korea said on Monday it will halt all transactions with the Russia’s central bank in the latest series of punitive actions against Moscow over its invasion of Ukraine. The foreign ministry said in a statement it had decided to ban all financial dealings with the Central Bank of Russia “considering the international community’s … Read more

Key rate in Russia has been raised to 20% by the central bank

Russia

As the West slammed Russia with sanctions over its invasion of Ukraine, Russia’s central bank announced Monday that it was hiking its main interest rate to 20% from 9.5 percent. The Bank of Russia’s board of directors has voted to raise the key rate to 20%, according to a statement from the central bank. It … Read more