The Bank of Russia reduced its key rate by 3 percentage points to 11% per annum at an extraordinary meeting of the board of directors, the regulator said in a press release on Thursday. “The Bank of Russia Board of Directors decided to cut the key rate by 300 basis ...
Russia welcomes China’s proposition to enlarge the alliance of Brazil, Russia, India and China, known as BRICS, but believes it too early to name new possible members, Foreign Ministry Spokeswoman Maria Zakharova said. China, which is presiding over BRICS this year, “has suggested we step up this effort, and we ...
