In 2022, the interest rate of Russian ruble deposits was 8.7%. According to CCTV news, on the 20th local time, many large banks in Russia began to raise the interest rate of ruble deposits substantially, including Moscow Credit Bank, Natural Gas Industrial Bank, Agricultural Bank of Russia and Industrial Communication Bank. The rate hike ranges from 0.2% to 1. 1%. At present, the highest deposit rate of Russian banks is 8.7%.