The Russian economy is facing the prospect of a huge rise in corporate bankruptcies as firms are driven to the edge by a record key interest rate.
The Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF), which is close to the Russian government, said that one in five manufacturing enterprises must pay two-thirds of pretax profits to service debt. This shows that the key interest rate of 21 percent imposed by Russia’s Central Bank (CBR) to cool the economy is taking its toll.
Strike the russian people where it hurts, their money and their economy. Maybe this will wake them up!
Vivid-Ad-1799 on
when finally?
potatolulz on
More sanctions and more severe sanctions are needed then? russia says sanctions make russia stronger 😀
Millefeuille-coil on
Wahoo
Space-cowboy-06 on
Here we go!
Prodiq on
Now if only we would increase the sanctions on importing goods from russia and especially limit the import of “Kazakhstan goods”…
Jazzlike-Sky-6012 on
Wake me up when it is happening. All those companies are probably going to be bought up by the oligarchs.
GremlinX_ll on
I don’t see any cons.
PressureTime5816 on
We hope!
Ollemeister_ on
This is where the fun begins
Top_Sherbet_8524 on
Oh no…anyway…
Grattacroma on
I would love this to happen, but I have heard so many times something like this and yet they are, still standing and killing people
reddittorbrigade on
Donald Trump will rescue his criminal ally.
Hottage on
Oh no, if only there was a way to prevent this.
Maybe they shouldn’t have sat idly by while a dictatorship rose to power and then began an unprovoked invasion of their neighbour.
Ecstatic-Dot-7616 on
Don’t worry, Trump is gonna come to the rescue.
NEJ2024 on
It will be glorious.🎉
WeirdKittens on
Funnily enough, this will get a lot worse when/if russia turns back into a civilian economy.
The majority of current growth is coming from the unproductive mass investments into the war effort at an enormous cost to the state. When these investments dry up the vast majority of workers will have to go back making a living in the civilian economy. This will flood an overheated economy with workers with no possibility of massive state subsidies to restart the civilian sector and absorb the shock of a massive influx of workers.
Lowering interest rates to try and restart the civilian economy, which will be direly needed, will cause the inflation to skyrocket and the ruble will implode worse than than it did in 1998. Not lowering interest rates is not a better option either; it might keep inflation under control but it will also keep much needed investment frozen leading to a surge in unemployment and social discontent. The oligarchs are already complaining and basically forced the Kremlin to guide the central bank to postpone an increase to 23% in the last couple of weeks.
Banks are also not doing very well. It is credibly rumored that they have been forced to lend below cost to the war industries to the tune of tens of (potentially up to a couple of hundred) billions. When these industries stop getting massive state subsidies the banks will be left with exposed positions, unable to redirect funding to the civilian economy even to the point where capital controls might be needed to prevent bank runs from people fearing losing their entire livelihood.
This is only the start of Russia’s problems.
longsgotschlongs on
Can’t wait
positivcheg on
Not enough. I wanna see it burning from far far away.
Old-Web7083 on
Great news
Mammoth-Professor811 on
Good news
HopeBoySavesTheWorld on
> The Russian economy is facing the PROSPECT of a huge rise in corporate bankruptcies as firms are driven to the edge by a record key interest rate
So it has not happened, number 5837273° clickbait article about russian economy being a couple of days away from collapsing, for real this time
Also the bottom page saying that there is an “unfair left-leaning bias in online journalism” like in what alternative universe these freaks live in
Farut_Meboli on
Poggers
MikeTheDude23 on
Yey! Fuck em.
TheLightDances on
Russian economy is showing cracks, but is far from broken. We need to keep going, stop buying Russian energy, crack down on sanction dodgers.
26 commenti
By Brendan Cole – Senior News Reporter:
The Russian economy is facing the prospect of a huge rise in corporate bankruptcies as firms are driven to the edge by a record key interest rate.
The Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF), which is close to the Russian government, said that one in five manufacturing enterprises must pay two-thirds of pretax profits to service debt. This shows that the key interest rate of 21 percent imposed by Russia’s Central Bank (CBR) to cool the economy is taking its toll.
Read more: [https://www.newsweek.com/russia-bankruptcies-sanctions-economy-2021845](https://www.newsweek.com/russia-bankruptcies-sanctions-economy-2021845)
That’s fucking good news 🙂
Strike the russian people where it hurts, their money and their economy. Maybe this will wake them up!
when finally?
More sanctions and more severe sanctions are needed then? russia says sanctions make russia stronger 😀
Wahoo
Here we go!
Now if only we would increase the sanctions on importing goods from russia and especially limit the import of “Kazakhstan goods”…
Wake me up when it is happening. All those companies are probably going to be bought up by the oligarchs.
I don’t see any cons.
We hope!
This is where the fun begins
Oh no…anyway…
I would love this to happen, but I have heard so many times something like this and yet they are, still standing and killing people
Donald Trump will rescue his criminal ally.
Oh no, if only there was a way to prevent this.
Maybe they shouldn’t have sat idly by while a dictatorship rose to power and then began an unprovoked invasion of their neighbour.
Don’t worry, Trump is gonna come to the rescue.
It will be glorious.🎉
Funnily enough, this will get a lot worse when/if russia turns back into a civilian economy.
The majority of current growth is coming from the unproductive mass investments into the war effort at an enormous cost to the state. When these investments dry up the vast majority of workers will have to go back making a living in the civilian economy. This will flood an overheated economy with workers with no possibility of massive state subsidies to restart the civilian sector and absorb the shock of a massive influx of workers.
Lowering interest rates to try and restart the civilian economy, which will be direly needed, will cause the inflation to skyrocket and the ruble will implode worse than than it did in 1998. Not lowering interest rates is not a better option either; it might keep inflation under control but it will also keep much needed investment frozen leading to a surge in unemployment and social discontent. The oligarchs are already complaining and basically forced the Kremlin to guide the central bank to postpone an increase to 23% in the last couple of weeks.
Banks are also not doing very well. It is credibly rumored that they have been forced to lend below cost to the war industries to the tune of tens of (potentially up to a couple of hundred) billions. When these industries stop getting massive state subsidies the banks will be left with exposed positions, unable to redirect funding to the civilian economy even to the point where capital controls might be needed to prevent bank runs from people fearing losing their entire livelihood.
This is only the start of Russia’s problems.
Can’t wait
Not enough. I wanna see it burning from far far away.
Great news
Good news
> The Russian economy is facing the PROSPECT of a huge rise in corporate bankruptcies as firms are driven to the edge by a record key interest rate
So it has not happened, number 5837273° clickbait article about russian economy being a couple of days away from collapsing, for real this time
Also the bottom page saying that there is an “unfair left-leaning bias in online journalism” like in what alternative universe these freaks live in
Poggers
Yey! Fuck em.
Russian economy is showing cracks, but is far from broken. We need to keep going, stop buying Russian energy, crack down on sanction dodgers.