Ukraine's central bank raised the main interest rate to 14.5% to curb inflation, challenging economic recovery amid war with Russia. Inflation hit 12% in December, driven by rising costs and power ...

Ukraine’s central bank, the National Bank of Ukraine (NBU), increased the key interest rate from 13,5% to 14,5%, raising concerns after inflation spiked above the forecast. NBU announced the decision ...

Domestic activity has become strained in recent months by labour shortages and high interest rates introduced to tackle inflation, which has accelerated under record military spending.

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Three years after launching his “special military operation” in Ukraine, Russian President Vladimir Putin faces a looming ...

Russia has given its first response to Donald Trump’s ultimatum calling on Vladimir Putin to engage in peace talks or see his ...

It comes as new US President Donald Trump warned this week that Putin could expect “high levels of taxes, tariffs, and ...

Russia has hiked defence spending to a post-Soviet high of 6.3% of GDP this year, accounting for a third of budget ...

President Vladimir Putin has grown increasingly concerned about distortions in Russia's wartime economy, just as Donald Trump ...

The inflation forecast has also worsened, now predicted to reach 8.4%, up from the earlier estimate of 6.9%. "Considering security risks and the challenging labor market situation, the National Bank ...

DEEP DIVE — Nearly three years into its costly war against Ukraine, Russia’s economy is faltering under the strain of ...