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.

  • Tramort@programming.dev
    16·
    21 hours ago

    That seems like exactly the kind of scene where Donald Trump likes to appear and cheer for the losing side

  • atro_city@fedia.io
    444·
    1 day 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
      102·
      1 day 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·
            16 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.

            • WagyuSneakers@lemm.eeEnglish
              1·
              6 hours ago

              Yes, but we applied them because Russia attacked. Once we apply them we can no longer use them as leverage. If you tell China you’re going to do it even if they don’t invade Taiwan then that gets erased from the “Cons” side of the board.

  • riodoro1@lemmy.worldEnglish
    815·
    14 hours ago

    Just one more year bro. I swear bro, one year and russia will collapse bro. I know bro, ive been saying this shit for five years now. But bro… this year i feel it.

  • Drewfro66@lemmygrad.mlEnglish
    116·
    1 day ago

    You’ve been posting “The Russian Economy will collapse any day now!” posts every week for like two years at this point. Doesn’t it eventually feel silly to keep making these predictions that never come true?

  • 1984@lemmy.today
    516·
    1 day ago

    The USA has 30 trillion in debt, but its ok since they just print more money.

  • humanspiral@lemmy.ca
    866·
    1 day ago

    manufacturing index dropping from 53.1 points to 50.2 within a month

    That is source for headline. Above 50 is still expansion. It’s below 50 in US.

    21% interest rates

    Ruble is best performing currency over the year. Few Russians have mortgages, and housing affordability is good. Interest rates are high because of full employment created by highly paid military, and interest rate was set up to defend ruble.

    behind closed door talks of layoffs in military industrial complex

    Peace is expected to reduce the soaring military production that has since the war made Russia vastly outperform US colonies. Passing Japan and Germany in PPP (most important measure) GDP to 4th in world.

    If you want Russia to stop growing so fast, give it peace. But it is dead wrong/false propaganda, that continuing to threaten its existence will cause it to be less determined and productive in fighting your evil.

      • humanspiral@lemmy.ca
        13·
        9 hours ago

        Fair point that it is very recent, and a reversal. Peace prospects is what is driving it up. “imminent collapse disinformation” from OP though is still weakened by this recent performance. Would be going in other direction if propaganda/disinformation were remotely true.

    • Skua@kbin.earth
      201·
      1 day ago

      If being at war is so good for the Russian economy, why would Russia accept peace? Or, if it did, why would it not just start another war?

      • humanspiral@lemmy.ca
        538·
        24 hours ago

        Russia has always preferred peace, with very reasonable red lines to avoid the war, and a peace deal reached 1 month after war started.

        The morale and conviction of Russian people and army would not be as high as it is now defending itself from NATO evil, if it were to provoke a conflict with NATO. While economy is productive and outperforming US colonies, its not without problems, nor has a leadership/people that wouldn’t prefer peace.

        • Skua@kbin.earth
          213·
          23 hours ago

          Russia’s red lines are that:

          • Ukraine does not get to have its own foreign policy, demonstrated by its embargo of Ukrainian goods in 2013 in response to Ukraine choosing an EU trade agreement
          • Ukraine must be unable to defend itself against Russia. This is shown by Russia’s repeated insistence that Ukraine both be barred from joining NATO and be demilitarised.

          Absolutely wild to call these “very reasonable”. These red lines are “be our puppet or else”

          • m532@lemmygrad.ml
            21·
            15 hours ago

            If ukraine was allowed to install nato weapons, usa would use that to nuke russia, then go to attack china, and then the bezos and zuck and other creatures would enslave and kill every single nonwesterner

            But westerners want that because they are inhuman racist monsters

            When the euros say “russia will invade europe and kill us all” they’re doing projection, they’re projecting their own cololonialist fantasies onto those they want to kill, to make up a reason for their rabid crusader behavior

            • Skua@kbin.earth
              11·
              11 hours ago

              If the US was going to nuke Russia, why on Earth would it need Ukraine? It already has Finland, Estonia, and Latvia if it wants a friendly launch site that’s on the border, or Turkiye or Romania if it just wants somewhere close. Besides that, the missiles are “intercontinental” ballistic missiles; they do not need to be on the border. This explanation does not hold up in the slightest.

          • humanspiral@lemmy.ca
            529·
            23 hours ago

            Ukraine trade with EU is not a reason for war. US led coup that installed nazis that put apartheid laws, and then exterminated areas that wanted autonomy is a reason for war.

            • Skua@kbin.earth
              152·
              23 hours ago

              Russia annexed Crimea literally a matter of weeks after the revolution. There was not even any time for the interim government to apply policies for Russia to respond to. It also annexed Crimea before the war in Donbass started, so your explanation makes even less sense there. Your conspiracy theory about the US installing the guy that would have absolutely obviously been the leader of an interim government anyway does not help.

              • humanspiral@lemmy.ca
                319·
                21 hours ago

                Palestine freedom anti genocide protesters started Oct 8. They knew what was coming. Nazis questioning Russia’s access to naval base was a natural nazi move, but not going to be entertained. Liberating Crimea was the most obvious area to liberate first. Was never going to accept or deserve nazi rule.

                Your conspiracy theory about the US installing the guy that would have absolutely obviously been the leader of an interim government anyway does not help.

                US was involved in fabricating protests, covering up the nazi black flag assassination of protesters, and blaming it on government forces, caught on tape hand picking successor government position. That the coup resulted in the “obvious leader post coup” is not much of a justification for a coup.

                • Skua@kbin.earth
                  102·
                  20 hours ago

                  What do Palestine protestors have to do with this?

                  questioning Russia’s access to naval base

                  A base that was in Ukraine. Fucking hell, listen to yourself. Imagine if someone said “Oh well it’s a natural Nazi move to question America’s access to Guantanamo Bay.”

                  Russia didn’t liberate shit. Russia took Crimea.

                  caught on tape hand picking successor government position

                  Caught on tape saying that the existing leader of the opposition is the guy that would be the head of the interim government. That’s about as much an indication of guilt as an election pollster calling a safe seat correctly.

                  If America wanted Yatseniuk in power so badly, why did it do nothing to keep him in power?

        • drhodl@lemmy.world
          94·
          24 hours ago

          Sounds like you’ve been guzzling the anti-freeze vodka again, dumbass Yuri. Ruzzia is a third world shithole country, where even your women hate you, since they’re all trying to marry westerners. If only all your people didn’t have to squat over open latrine pits, maybe they could read a newspaper in civilized comfort, and realize just how much Pootang the Tinyman has stiffed them. Ruzzia will never get back it’s foreign investments and it will be paying reparations forever. You will stay a peasant forever. Which is well deserved :)

    • InvertedParallax@lemm.ee
      153·
      1 day ago

      If you want Russia to stop growing so fast, give it peace.

      Then go back home.

      Nobody wants to go to Russia, for any reasons, it’s like Hell crying about being threatened by invasion.

      Otherwise, Russia’s invasion puts it in a position that threatens Europe, the Europe with an economy, what, 20x their size?

      And a Europe that actually understands modern technology?

      You’re throwing rocks at a tiger and screaming for it to go back to sleep, the moment the tiger wakes will be entertaining to watch.