Several gunmen have stormed into the Crocus City Hall outside Moscow on Friday night The deadly attack on a large mall outside Moscow on Friday night was an act of terrorism, Russia’s Investigative Committee has said.

Crocus City Hall, where a major terrorist attack took place on Friday night, is a complex just outside of Moscow’s city limits, in the urban settlement of Krasnogorsk. It opened in October 2009, and was named after Muslim Magomayev (1942-2008), a legendary Soviet singer born in present-day Azerbaijan.

The move has “stunned” economists who expected the central bank to keep rates unchanged The Turkish central bank raised its benchmark interest rate by 500 basis points to 50% on Thursday, citing the need to tame skyrocketing inflation.