Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms
Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms

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

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.