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AFBytes briefing

Central-bank resistance to war financing can influence ruble stability and inflation that affects Russian household purchasing power.

What to watch next

Watch the next Central Bank of Russia board meeting for any adjustment to the key policy rate or inflation target.

Economy johnhelmer.net · Jun 22, 2026 06:45 UTC

Russia Central Bank Governor Asserts Independence From War Spending

Central Bank of Russia Governor Elvira Nabiullina declared institutional independence and signaled continued opposition to excessive war-related spending pressures. The remarks followed a period of e…