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Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms (www.irishstar.com)

submitted 9 months ago by SalaciousBCrumb@lemy.lol to c/world@quokk.au

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Russia's economy is teetering on the brink of collapse, with industrial production taking a nosedive and major corporations initiating widespread layoffs as the impact of a three-year war with Ukraine inevitably hits home.

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[–] prex@aussie.zone 2 points 9 months ago

yes

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