Global NewsEnglish · 23 hours ago

Russian economy in freefall as mortgage costs soar and mass layoffs hit firms

www.irishstar.com

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Russian economy in freefall as mortgage costs soar and mass layoffs hit firms

www.irishstar.com

Global NewsEnglish · 23 hours ago

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

Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

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Dr. Moose@lemmy.world
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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.

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