MOSCOW: Russia cut interest rates from 17% to 15% in 2015. The rouble fell by more than 2% against the dollar following the central bank announcement. Russia’s economy has been suffering for a range of reasons, including economic sanctions by the West over its involvement in the crisis in Ukraine.
This week the government said it would put measures in place to try to stave off an economic crisis. The measures included investing at least 2.34 trillion roubles ($35bn, £23bn) in the economy, following a collapse in oil prices and the rouble.
