TOKYO -- Russia's central bank said it will hike interest rates to 20% from 9.5% as fresh sanctions by Western countries put unprecedented pressure on the country's financial system.
Ukraine war
Russia more than doubles interest rates to 20%
Ruble hits record low as country is cut off from SWIFT global payment system
Russia's currency fell 30% against the dollar at one point on Feb. 28. (Source photo by AP)
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