Russia interest rates Russia’s central bank raised its key interest rate from 10.5% to 17% to try to ease the rouble’s fall in value. The bank has spent more than $70 billion supporting the rouble since the start of the year Mar 18: Russian President Vladimir Putin approves bill for annexation of Crimea 5.5% Dec 11: 10.5% Dec 16: 17.0% Oct 31: 9.5% Jan-Dec: Rouble falls 49% against U.S. dollar Interest rate (%) 4 6 8 10 12 14 16 18 2014 J F M A M J J A S O N D Source: Trading Economics