Kyiv’s Strikes Battering Russian Economy Hang Over Rate Decision

The ongoing military strikes by Kyiv are taking a significant toll on the Russian economy, creating one of the toughest environments for businesses since the war's early days. This economic strain is now influencing the Russian central bank's decision on interest rates, as it considers whether to halt its yearlong trend of lowering rates, which would further increase borrowing costs for an already struggling populace. The implications of this decision could have far-reaching effects on both domestic economic stability and Russia's international financial standing.