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.

  • cygnus@lemmy.caEnglish
    66·
    2 months ago

    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

      • humanspiral@lemmy.caEnglish
        65·
        2 months ago

        Russians have food and vodka. It is likely the most self sufficient industrial/war nation on earth.

      • naeap@sopuli.xyzEnglish
        42·
        2 months ago

        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

          • foggenbooty@lemmy.worldEnglish
            31·
            2 months ago

            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.

          • Nofearfrontier@lemmy.worldEnglish
            61·
            2 months ago

            You better save that ruble, once they don’t need you to spew non sense on the internet, you going to the front.

            • humanspiral@lemmy.caEnglish
              17·
              2 months ago

              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.

                • barsquid@lemmy.worldEnglish
                  4·
                  2 months ago

                  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.