this post was submitted on 12 Nov 2024
170 points (98.9% liked)

World News

39020 readers
3633 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

Summary

Russian businesses are facing severe financial stress as the Central Bank of Russia's interest rate hits 21%, with further hikes expected.

High borrowing costs, especially for companies with floating-rate loans, have pushed many towards a debt crisis, with interest payments consuming up to 75% of earnings.

Rising corporate bankruptcies, late payments, and stalled investments signal deepening economic distress. Key industries, including retail, real estate, and manufacturing, are especially vulnerable.

The situation is expected to worsen as the economy cools and interest rates remain high, potentially triggering a financial crisis.

you are viewing a single comment's thread
view the rest of the comments
[–] andallthat 29 points 3 days ago (3 children)

I keep seeing news that the Russian economy is perfectly fine.... no, wait it's in shambles... no it's actually even better than before.... no, people can't even find bread.... no, sanctions are killing it.... and so on. And this is not even from different sources; different articles on the same (I hope reputable) sources.

I know that it's hard to get a read of these things even when not in the middle of a war with lots of disinformation happening on both sides. And I also know that indicators of the economy are tricky to read and often in contradiction. But these swings are so extreme that I don't know what to make of these articles any longer.

[–] AngryCommieKender 17 points 3 days ago

"Politics in Russia is like watching two dogs fight under a rug. You can hear and see that something is going on, but aren't able to tell the victor until the bones are revealed."

[–] cynar 14 points 3 days ago (1 children)

I view it like an over-revved car. Some parts can handle the strain fine, others are over stressed. Depending what aspect you look at, you will get different results.

As the pressure rises, things will start to fail. Some will not cause additional issues, but others will cascade. Predicting when a cascade failure will happen is difficult, however.

[–] [email protected] 3 points 3 days ago

Predicting when a cascade failure will happen is difficult, however.

But when it does it will be sudden and complete.

[–] solomon42069 0 points 3 days ago

I think they've navigated a situation that looked hopeless better than anyone in the west could have expected. We all hoped economic sanctions were enough to elicit a peaceful outcome when negotiating with Russia failed, but instead it's turned into things like BRICS.