Russia raises rates in move seen as arming for sanctions


  • World
  • Friday, 25 Jul 2014

MOSCOW (Reuters) - The Russian central bank unexpectedly raised interest rates on Friday, apparently preparing for possible further Western sanctions over Ukraine that could speed up capital flight from Moscow's already battered markets.

The 28-nation EU has warned it may curb Russian access to capital markets, arms and energy technology in response to last week's downing of a Malaysian airliner in an area of eastern Ukraine held by Russian-backed separatists.

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