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.ca
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    4515 hours 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.ca
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        211 hours ago

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

      • @naeap@sopuli.xyz
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        1910 hours 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.world
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            127 hours 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.