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Ukraine's central bank raises key policy rate to 14.5% due to inflation

Ukraine's National Bank (NBU) announced on Jan. 23 that it will raise the key policy rate from 13.5% to 14.5% per annum starting from Jan. 24. The Ukrainian economy was heavily hit by Russia's full-scale war. At the start of the invasion, inflation skyrocketed to 26.6% in 2022 from 10.0% in 2021. It subsided the […]

Ukraine

January 23, 2025

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Russian drone attack kills 1, injures 7, damages central bank building in Kyiv

Russia launched a drone attack on Kyiv on the morning of Jan. 1, killing one person and injuring at least seven, including two pregnant women, Ukraine's Prosecutor General's Office said. The National Bank of Ukraine said that one of its buildings in Kyiv's Pechersk District had been damaged by falling debris. The central bank's main […]

Ukraine

January 1, 2025

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New railway linking China to Central Asia countries, bypassing Russia, begins construction in Kyrgyzstan

Construction has begun on a new railway linking China to Central Asian countries Kyrgyzstan and Uzbekistan, Kyrgyz President Sadyr Japarov announced at the Dec. 27 groundbreaking ceremony. The new route, part of China's economic expansion efforts, aims to expand Chinese commercial influence in Central Asia and Europe while bypassing Russian territory. "This route will ensure […]

Ukraine

December 28, 2024

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Russian drone attack on central Nikopol market injures 6, officials report

Russian forces struck the central market in Nikopol, Dnipropetrovsk Oblast, with a drone on Dec. 26, injuring six people, Ukraine's State Emergency Service reported. Those injured, four women and two men, received first aid from rescuers and medics before being transported to the hospital. Governor Serhii Lysak confirmed the injuries and said three women, aged […]

Ukraine

December 26, 2024

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Opinion: The central bank can't solve Russia's economic crisis in the face of war and sanctions

Almost three years after Russia launched its full-scale invasion of Ukraine, the West’s financial sanctions have finally started to bite, triggering fierce infighting within the Kremlin over control of Russia’s central bank. Russia’s business community has remained largely silent over the past two years, even as Western sanctions triggered a surge in real interest rates. […]

Ukraine

November 11, 2024

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