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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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[–] Guttural@jlai.lu 1 points 11 months ago

Monopolists don't necessary care about the particular supply their smaller competitors can offer. They just want to control supply in general and make it so that buyers have no alternative.