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Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms
(www.irishstar.com)
i wish the worst for russia
this post was submitted on 17 Mar 2025
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Interesting. Sounds like China is tired of propping them up. If China hadnt helped them out they'd be selling Siberia to China right about now. Xi Jinping might have wasted this conflict.
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.
As is predicted. Even if the conflict ends and Moscow spins the aftermath as somehow a victory for Russians, reality will still haunt and bite them back.
It was and still is a very costly war. He even fired the old head of defense for an economist. It's that important. Recovery is probably going to be really rough, especially if he can't plunder Kiev.
Some could argue that the minerals in captured Eastern Ukraine could pay dividends for Russia, but it may not necessarily matter because Russia already has its own huge mineral reserves that pale what is in Eastern Ukraine.
Monopolists don't necessary care about the particular supply their smaller competitors can offer. They just want to control supply in general and make it so that buyers have no alternative.
Unbelievable how much Russians had to be brainwashed and poor under USSR to still accept this in 2025.
Russian jingoism dates back to the tsardom. Virtually no one realises the Russian worldview that Russia is on its own who need to carve up their own sphere of influence to protect itself. And each major powers could do so on their own especially China with whom they share-- in Russian belief-- a space in the more important Eurasian heartland (contrast to Western Europe where they believe Western Europe and North America is the centre of the world). Basically, the Russian worldview, and therefore foreign policy, is dog-eat-dog. "You have your territory, we have ours." Even prominent and seemingly liberal Russians, including Alexander Solzhenitsyn who was a critic of USSR, are ultranationalists and tribalists. Putin's late opponent, Alexander Navalny, is also nationalistic and have poor view of the West. Only a handful of Russians look towards the West and searching for closer ties.
What are we doing about the bullshit happening in USA? Regime change isn't easy.
Hopefully the Russian soldiers surrender soon.
Finally the manpower shortage at the front will be solved!
Is the irishstar trustworthy?
No. Its a tabloid.
No. It's part of Reach plc, who are responsible for many of Britain's shittiest tabloids
It might still be correct here - other more reputable outlets like Reuters have reported on the troubles of the Russian economy - but I would not trust this by itself
Specifically Reuters say Russian interest rates are 10%, irishstar says 20%
The rest of the irishstar article is "this person says..."
Reuters says inflation is 10%, not interest (unless you're referring to a different article?)
How long is a piece of string? It's a British tabloid. This is the American version it might be better quality.
Wait a minute, how long is a piece of string?
yes
About 6 inches ;)
About an hour.
It highly depends on how long it is.
It quotes analysts.
Fear not, Trump, Orbán and other puppets will help.
Race to the bottom!
To rule over the ashes