Mikhail Kotlov News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Bank of Russia raised its key interest rate to the highest in almost two decades and imposed some controls on the flow of capital in a bid to shield the economy from the impact of sweeping Western sanctions that include penalties on the regulator itself. The interest rate was to increase from 9.5 percent to 20 percent, the central bank said in a statement before ruble trading was due to open at 10am yesterday. Effective yesterday, it also temporarily banned brokers from selling securities held by foreigners on the Moscow Exchange, without specifying which securities the ban applies to. Authorities

United statesNew south walesSberbank europeUlrich leuchtmannSonja sarkoeziMikhail kotlovNorvik bankEuropean central bankMoody investors serviceMoscow exchangeHong kongInvestors serviceSingle resolution boardAustria based sberbank europeThe taipei times