this post was submitted on 25 Oct 2024
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Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending (apnews.com)
submitted 5 months ago by [email protected] to c/[email protected]
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[–] [email protected] 3 points 5 months ago (1 children)

Nice write up! Looks like the whole Russian economy starts to detach itself from other economies too. No one wants to come to russias BRICS meeting, I wonder when russians will start trade in dollar or other...

[–] [email protected] 2 points 5 months ago

Oh boy BRICS...
One of the principles of BRICS is non-interference, obviously Russia has no such ideal, when they invade a peaceful neighbor that actually tried to work with them. They've also interfered heavily in many other countries, using misinformation to undermine them.
Unfortunately BRICS is pretty massive by now, so to the degree they can agree on something, they could potentially be very powerful.