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Russian Banks Raise Key Rates to 20% in Desperate Measure to Save Ruble

The country faces sanctions from the West as the war against Ukraine continues.

BEIJING, CHINA - FEBRUARY 04:  Russia's President Vladimir Putin attends the opening ceremony of the Beijing 2022 Winter Olympics at the Beijing National Stadium on Feb. 04, 2022 in Beijing, China. (Anthony Wallace/Getty Images)
BEIJING, CHINA - FEBRUARY 04: Russia's President Vladimir Putin attends the opening ceremony of the Beijing 2022 Winter Olympics at the Beijing National Stadium on Feb. 04, 2022 in Beijing, China. (Anthony Wallace/Getty Images)