The Russian economy is on the brink of collapse, with industrial output falling and major companies initiating large-scale layoffs amid the economic fallout from the war on Ukraine

The Russian economy is on the brink of collapse, with industrial output falling and major companies initiating large-scale layoffs amid the economic fallout from the war on Ukraine

Archived version: https://archive.is/newest/https://www.irishstar.com/news/us-news/russian-economy-freefall-mortgage-costs-34869686

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  • atro_city@fedia.io
    402·
    22 hours ago

    If the US weren’t helping Russia by giving them a lifeline, this war would probably be over this year.

    • andrew0@lemmy.dbzer0.com
      91·
      19 hours ago

      Russia has been increasing trade with China in the past few years. I’m afraid that, even without US support now, Russia would still be able to carry on for a while longer :(

          • Dr. Moose@lemmy.worldEnglish
            3·
            10 hours ago

            Sanctions are not binary and when used smartly can target Russia without directly hurting China. That’s what we did already and the last sanctions by Biden targeting banking were very effective afaik.