Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending
Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending
Russia’s central bank has raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation.
Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to stem growing inflation as massive government spending on the military amid the fighting in Ukraine strains the economy’s capacity to produce goods and services and drives up workers’ wages.
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Can't wait to see the bots explain how this is actually a sign of a healthy economy that can continue this war indefinitely, and sanctions totally aren't working bro I swear bro
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Russians have food and vodka. It is likely the most self sufficient industrial/war nation on earth.
Nothing says self-sufficient like having to bring in troops from other countries.
It definitely is not a sign of a healthy economy. It is a measure to keep ruble high, and encourage people to save their rubles.
Russian economic growth, mostly due to military production spending, has been higher than western countries, even in USD terms because of this interest rate policy to keep ruble high, and the massive war economy.
While US/Ukraine is 100% responsible for war, there are also Russian elites (like US, the weapons and oil sectors) getting rich from it. As long as Russia eventually wins, this becomes an acceptable theater for them. A war on Iran is also likely seen as a profit opportunity for Russia, instead of something to prevent by say, sinking US aircraft carrier fleets with nukes.
Every Russian that wants a job has a job, and so that is more important for "stability" than unaffordable new mortgages.
How is Ukraine responsible for a war, when Russia took Crimea without much discussion and afterwards tried/tries to get more?
Ukraine searching for help isn't a reason for a war. Entering another country is starting a war, and that's what Russia did
98% of Crimeans voting to join Russia over being ruled by nazis, with western/CIA agency polling support for the result, is just part of the pure US empire propaganda to deny all election results it disagrees with. Trusting your media and politicians is the source of your misinformed hatred and abuse from the Empire.
OK buddy. At the end of the day no matter what you believe, Russia invaded another country first and there's nothing you can say that will change that. While the US is FAR from blameless in regard to foreign meddling, you are absolutely on the wrong side of history.
You better save that ruble, once they don't need you to spew non sense on the internet, you going to the front.
Very substantive retort. It is only the people against war that have to be paid for it. The pro war demons are all in it for love.
Wait, you do this shit for free? That's even dumber.
I think they're trying to say that, because they have to be paid to praise one country's completely unprovoked invasion of another, therefore they are a better person than us, who, unpaid, say Ukraine is in the right, therefore we "love war." It is a weird fucking flex.
Every Russian that wants a job has a job,
Or a grave.