"As the risk of a financial crash rises, Russia’s imperiled economy is about to pose serious constraints on Putin’s war."

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 shortages.

By applying enough pressure now, the thinking goes, Ukraine and its backers can enter talks from a favorable position, and Russian President Vladimir Putin will be forced to engage in good-faith negotiations that end in a satisfactory settlement.

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 at a monetary briefing on Thursday. Follow our ...

"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

The National Bank of Ukraine (NBU) has downgraded its inflation forecast from 6.9% to 8.4% for the end of 2025. This is announced in the NBU statement, Ukrainian News Agency reports. Due to the exhaustion of temporary factors of price pressure and the NBU ...

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale offensive on Ukraine weigh on the domestic economy. The Kremlin has ...

While many issues turned Canadians away from their prime minister, the high cost of groceries and homes has become a chief grievance.

One of our tanks crept out near the frontlines,” says Captain Ivan Sekach, an officer with Ukraine’s 110th brigade defending the town. “Ten drones attacked, setting it alight almost immediately.” The fighting instead was done by infantry—small Russian groups of three,

In the autumn of 2022, energy prices reached record highs – threatening another 80 per cent hike in the price cap. This would have taken typical bills to almost £4,000, had the government not intervened. The now defunct Energy Price Guarantee set the maximum price at (a slightly more affordable) £2,500.

Putin is increasingly having to dip into Russia 's National Wealth Fund, whose reserves have plummeted almost 74% from £94 billion to just £25 billion, since the beginning of the war. A further problem for the Kremlin is the rouble's plunge in value, which is adding to inflationary pressure.

To calculate today’s value of R100 after inflation, one must multiply R100 by the CPI of 2025 divided by the CPI of 1995. This calculation shows that R100 in 1995 would be roughly equivalent to R513.72 in 2025. This represents an inflation figure of 413.7% over the past 30 years or 5.8% annually.