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Russia

FILE PHOTO: Russian 100-rouble banknotes are placed on a cashier's desk at...

Inflation in Russia hits highest since early 2002

Annual inflation in Russia accelerated to 17.62% as of April 15, its highest since early 2002 and up from 17.49% a week earlier, the economy ministry said on Wednesday, as the volatile rouble sent prices soaring amid Western sanctions.

FILE PHOTO: Russian PM Mishustin attends a session of the State Duma in...

Russia set to ban sharing of 'banking secrets' overseas

Russia's lower house of parliament has approved a draft bill that would ban Russian banks from sharing "banking secrets" with foreigners, the State Duma said in a statement on Wednesday, in the latest move to protect the country's financial sector.