Russia raises rates in move seen as arming for sanctions

(Reuters) - The Russian central bank unexpectedly raised interest rates on Friday, apparently preparing for possible further Western sanctions over Ukraine that could speed up capital flight from Moscow's already battered markets.

Special Report: Inside Putin's central bank surprise

MOSCOW (Reuters) - "It will be a surprise - you'll like it," President Vladimir Putin said with a smile when asked whether he had decided who should be next head of Russia's central bank.