46
Ruble Tops Global Currencies as Putin Reaps Iran War Oil Gain
(www.bloomberg.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 20 May 2026
46 points (100.0% liked)
World News
2149 readers
875 users here now
Rules:
Be a decent person.
No racism, sexism, ableism, homophobia, transphobia, zionism/nazism, and so on.
Other Great Communities:
Rules
Be excellent to each other
founded 2 years ago
MODERATORS
Russia's economy contracted in the first quarter 2026 for the first time in three years, according to Russia's Federal State Statistics Office. The Kremlin slashed its own GPD growth forecast for 2026 from +1% to almost zero. Russia's federal budget deficit has officially exceeded its annual ceiling by 60% already by April.
Just three examples for the short-term. And in the long run Russia's economy is in very big trouble already, even if the war ended tomorrow.