World News

436 readers

471 users here now

Please help and contribute as we vote on rules:
https://quokk.au/post/21590

Other Great Communities:

Rules

Be excellent to each other

founded 9 months ago

MODERATORS

Deceptichum@quokk.au

Quokka@quokk.au

Grainne@lemmy.dbzer0.com

PhilipTheBucket@quokk.au

274

Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms (www.irishstar.com)

submitted 4 months ago by SalaciousBCrumb@lemy.lol to c/world@quokk.au

41 comments fedilink hide all child comments

Russia's economy is teetering on the brink of collapse, with industrial production taking a nosedive and major corporations initiating widespread layoffs as the impact of a three-year war with Ukraine inevitably hits home.

you are viewing a single comment's thread
view the rest of the comments

[–] some_guy 3 points 4 months ago

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.