Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to stem growing inflation as massive government spending on the military amid the fighting in Ukraine strains the economy’s capacity to produce goods and services and drives up workers’ wages.
Three days to Kyiv!
Sanctioned to the stone age!
Are you suggesting that a 21% interest rate is a sign of a healthy economy?
No, but it doesn’t seem a lot
Did you never take high school economics or did you just sleep through it?
I just assume they’re all 13 and haven’t taken the class yet
In contrast to what Lemmy or any other internet community is claiming, I do not know economics enough to say what’s happening with the Russian economy for certain.
But what can I see, is that inflation is not as high as in 2022 or 2014 and Russian authorities have downed the amount of foreign currency a company that sells something for dollars should exchange for roubles. And the war is still going on.
So… notwithstanding the colossal sanctions, Russia is still standing 🤷🏼♂️ but the west has run out of things that they can sanction. Unless you think that potash, ammonia, natural gas, and nuclear fuel would be sanctioned in the near future. In this case, please consult reality. The choice that we’re about to see made is between abandoning Ukraine and military intervention.
Hook me up with your dealer, as it seems they have some pretty potent stuff.
You don’t have to know more than basic high school economics to understand why a 21% interest rate is disastrous for any nation. Russia isn’t special.
Russia had 18 for a long time and it didn’t look like a big deal. All these talks look exactly like reversed copium meme from 2022
I wish my emotions could sculpt my perceptions as massively as yours do for you.
Ignorance truly is bliss.
Next stop: find out.
Can’t wait to see the bots explain how this is actually a sign of a healthy economy that can continue this war indefinitely, and sanctions totally aren’t working bro I swear bro
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Russians have food and vodka. It is likely the most self sufficient industrial/war nation on earth.
Nothing says self-sufficient like having to bring in troops from other countries.
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How is Ukraine responsible for a war, when Russia took Crimea without much discussion and afterwards tried/tries to get more?
Ukraine searching for help isn’t a reason for a war. Entering another country is starting a war, and that’s what Russia did
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You better save that ruble, once they don’t need you to spew non sense on the internet, you going to the front.
Very substantive retort. It is only the people against war that have to be paid for it. The pro war demons are all in it for love.
Wait, you do this shit for free? That’s even dumber.
I think they’re trying to say that, because they have to be paid to praise one country’s completely unprovoked invasion of another, therefore they are a better person than us, who, unpaid, say Ukraine is in the right, therefore we “love war.” It is a weird fucking flex.
OK buddy. At the end of the day no matter what you believe, Russia invaded another country first and there’s nothing you can say that will change that. While the US is FAR from blameless in regard to foreign meddling, you are absolutely on the wrong side of history.
Every Russian that wants a job has a job,
Or a grave.
Signs of winning.
Why does she look like Putin in a wig
When you log on with your alt account
Maybe Putin watched Star Wars and decided a clone factory is exactly what he needs
Putin is too dangerous, no putin would let other putins live.
Unless each Putin had another Putin watching them from the shadows.
War is so good for the economy.
I am waiting for my trillion ruble note as a keepsake.
I’m just a dude and all, but that’s not how to do that.
The future of USA as dollar supremacy continues to decline.
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MBFC: Left-Center - Credibility: High - Factual Reporting: High - United States of America
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