275
Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms (www.irishstar.com)
submitted 1 month ago by SalaciousBCrumb@lemy.lol to c/world@quokk.au
41 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments
[-] some_guy@lemmy.sdf.org 3 points 1 month 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.

this post was submitted on 17 Mar 2025
275 points (97.9% liked)

World News

1092 readers
1024 users here now

Rules:

  1. Be a decent person
  2. No spam
  3. Add the byline, or write a line or two in the body about the article.

Other communities of interest:

founded 7 months ago
MODERATORS
Deceptichum@quokk.au
Grainne@lemmy.dbzer0.com
PhilipTheBucket@ponder.cat