The Russian Central Bank has announced its decision to increase the key rate from 18% to 19% on 13 September 2024. The rate was previously increased from 16% to 18% on 26 July 2024. For tax purposes, the key rate is important in relation to the safe harbor rates for interest income and expense on controlled debt. For ruble-denominated loans, the standard safe harbor rates range from 10% to 150…