Russia Raises Rates in Emergency Move as Ruble Collapses

Russia's central bank raised its key interest rate to 17 percent from 10.5 percent early Tuesday in an emergency move to halt a collapse in the rouble as oil prices decline and the country's sanctions-hit economy slides toward recession. 
The ruble strengthened sharply after the decision, recouping some of its heavy losses on Monday, when the currency staged its largest one-day fall since 1998.
Russian PM urges calm over rouble crisis.
The clock is ticking over at IKEA”s store on the outskirts of Moscow.
The Swedish furniture giant has said it will raise Russian prices on Thursday, in response to the slump in the rouble’s value.Women push carts with their purchases at the IKEA store on the outskirts of Moscow, Russia,