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Russia central bank raises their key rate to 19%. They most recently raised it two months ago, to 18%. They're already talking about possibly raising it further, and several Russian economic voices have expressed concern that the situation doesn't lend itself to key rate changes being as effective in curbing inflation as it normally would be.

Meanwhile... we get to watch Russian businesses - and private citizens - spiral into a debt trap.

https://apnews.com/article/russia-economy-central-bank-interest-rate-7aeaed4f26b8ce34eb91d16e46226d16