Russia's business elites signal they are tired of propping up the wartime economy

• Some Russian elites are challenging the central bank's potential interest rate hike to 18%.
• Russia's key interest rate is at 16% after a series of hikes to tame elevated inflation and a hot wartime economy.
• However, critics argued that such high rates stifle lending and business activities.

Some of Russia's business elites appear to be getting impatient with the country's wartime economy.

Several influential individuals have come out to publicly challenge the Russian central bank's signal that it's likely to hike interest rates on Friday.