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Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms (www.irishstar.com)
submitted 2 years ago by 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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[–] 3 points 2 years ago

Putin can't have all those soldiers die and not have anything to show for it. People would be too angry. Between the deaths and the austerity, he's in a bind and has to justify the hard times.

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