Russian Banks raise mortgage rates to 100% amid market Turmoil
Crisis in Russia, Economy & Business, World News

Russia’s agriculture crisis continues

Russia’s Agriculture Crisis Continues With everything from sugar production to potato production in a state of collapse due to mismanagement and the majority of resources being allocated to the war effort, Russia’s agricultural shortages are deepening. Russia has proposed to the Eurasian Economic Commission (EEC) a six-month suspension of import duties on potatoes, onions, cabbage, carrots, and apples, from January 1 to July 31, 2025.

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Russian Banks raise mortgage rates to 100% amid market Turmoil
Crisis in Russia, Economy & Business, World News

Total Collapse in Russia’s Coal Industry

Total Collapse In Russia’s Coal Industry Russia’s coal-mining regions are grappling with a sharp decline in budget revenues as coal companies face financial difficulties caused by the loss of export markets and reduced production. Finance Minister Anton Siluanov reported that profit tax revenues in the Kemerovo region, which accounts for 60% of Russia’s coal production and 80% of coking coal, have dropped by 59%. Similar declines have been observed in Buryatia and the Jewish Autonomous Region.

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Russian Banks raise mortgage rates to 100% amid market Turmoil
Economy & Business, World News

Russia-China cooperation suspected in destruction of unsea cables

Russia-China cooperation suspected in destruction of unsea cables Authorities are investigating the Chinese bulk carrier Yi Peng 3 for allegedly dragging its anchor, severing two critical undersea communication cables. The incident has sparked international concern and intensified scrutiny over the security of undersea infrastructure, which is vital for global communications and military operations.

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