Russia – feeling the cold wind of isolation + Central Bank head

The Bank of Russia raised key interest rate from 9.5 per cent to 20 per cent today as the rouble value tumbled to an all-time low, with the Russian economy plummeting as the West’s sanctions began to bite. Vast queues have been seen outside cash machines in Russia, as fears rise of an economic collapse. The government ordered people and companies to sell 80 per cent of their foreign currency revenue, forcing them to buy the ruble to help prop it up. The Bank of Russia, 13 July 1990 ch