Falling inflation has persuaded the central bank in Moscow to continue relaxing the country’s record borrowing costs.

Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its key rate to 18% from 20%.

Friday marked the second-straight time the Bank of Russia cut its interest rate after it lowered borrowing costs in early June.

Almost 50 people including children are feared dead after a Soviet-era passenger plane crashed in Russia’s far eastern Amur region, state media reported on Thursday, citing local officials.

An passenger plane crashed in Russia's far east and initial information suggested that everyone on board was killed, Russian emergency services officials said.

Director of National Intelligence Tulsi Gabbard on Wednesday declassified additional materials on the intelligence community's assessment of Russia's actions in the 2016 election, claiming in a social media post and at a White House press briefing that they showed Obama administration officials "manufactured" information in order to undermine then-candidate Donald Trump.

One day after President Donald Trump accused former President Barack Obama of treason over the intelligence assessment that Russia interfered in the 2016 election and sought to help Trump, Director of National Intelligence Tulsi Gabbard declassified a highly sensitive congressional report she claimed was more evidence of a “treasonous conspiracy.