Month: July 2026

The central bank has had to keep interest rates painfully high to keep a lid on inflation, at a time when the budget deficit is widening sharply. Its key rate currently stands at 14.25 percent. Businesses typically have to pay well above that rate for credit, and things aren’t made easier by the Kremlin competing […]

“Why now? I have no answer on this question. I can’t see any reason for it,” said Bidnyi, a former bodybuilder. “Undermining the collective pressure that the international community has been building against the aggressor … it’s not a very honorable role for this organization.” The IOC said that the reversal did not represent any […]