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Why is Russia launching a CBDC?

The authoritarian regime needs a way to get around Western sanctions. ....

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Russia's Interest Rate Hike Highlights Economic Struggle Amid Ukraine War

With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation. ....

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Russian Ruble Slides Past 100 Against the Dollar, Its Lowest Level Since March 2022

The currency weakened as far as 102 to the dollar, adding to concerns of inflation and prompting the Russian Central Bank to move quickly to consider raising rates. ....

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Russia Downs 2 Drones Near Moscow, as Ukraine War's New Phase Intensifies

It was the 12th time in the past three weeks that Russian officials had reported intercepting such aerial attacks in the heart of the capital. ....

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Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes

The central bank in Moscow took steps to counter the currency’s slide, but the war and resulting sanctions have put intense pressure on the economy. ....

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