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

submitted 11 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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[–] psud@aussie.zone 6 points 11 months ago* (last edited 11 months ago) (1 children)

Specifically Reuters say Russian interest rates are 10%, irishstar says 20%

The rest of the irishstar article is "this person says..."

[–] Skua@kbin.earth 1 points 11 months ago

Reuters says inflation is 10%, not interest (unless you're referring to a different article?)