In another humiliating catastrophe for the Putin regime, the once-bustling Belokamenka oil & gas project, the largest construction site in Russia has gone dark, symbolizing the nation’s waning industrial might amid intensifying economic pressures, war, and international sanctions. At its peak, the sprawling Belokamenka construction site employed more than 15,000 workers, and was to serve as a centerpiece of Russia’s Arctic energy expansion.
Only 24 hours after Trump states intent to cut off Ukraine’s already incredibly limited ability to strike Russian territory, Putin gets the message that there will be no consequences, unleashing the largest missile attack of the war onto the people of Ukraine.
Putin launches largest missile attack of the war after Trump gives greenlight Read Post »
As awesome as most Russian neighborhoods are, very few are willing to take out mortages at 100% interest. In a striking development in Russia’s housing loan market, banks have reportedly begun offering mortgage products with rates as high as 100%, Deputy Minister of Finance Ivan Chebeskov told Izvestia. This unprecedented move comes as lenders struggle to manage soaring borrowing costs driven by a steep key interest rate increase.
Russian Banks raise mortgage rates to 100% amid market Turmoil Read Post »
Despite ten consecutive interest rate hikes, inflation continues to consume the Russian economy, with most sectors now sounding the alarm of looming layoffs and corporate defaults. In what appears to be a calculated but catastrophic gamble, Russia’s Central Bank this week plans to jack up its key interest rate from today’s already crushing 21% to a further punishing 25%, sparking fears of impending economic collapse.
Russian aviation industry produced only 7 aircraft out of 108 planned, missing 2024 target by -95%. The dominoes continue to fall in what remains of Russia’s manufacturing sector, with the entire Russian aviation industry now only producing as many aircraft in two years as the US does in three weeks, coming in with only 7 passenger aircraft built since its full-scale invasion of Ukraine, significantly missing its target of 108 planes by the end of 2024, according to a report by BBC News Russia.
Russia’s aircraft industry enters state of collapse, missing 2024 target by -95% Read Post »
A Russian citizen is currently on trial for the premeditated double murder stabbing deaths of disabled Ukrainians that were receiving medical treatment in Germany. The savagery we’ve grown to expect from Russians anywhere they go has again shown it’s face in Germany as Russia’s hatred for the entire civilized world travels with them like carry-on baggage.
Russian man goes on trial for the stabbing death of two disabled Ukrainians in germany Read Post »
Owner of Russia’s largest furniture manufacturer calls for immediate government intervention to rescue the collapsing furniture industry. The trickle-down effects from Russia’s ongoing housing market implosion have now metastasized into the consumer durable goods sector, with Russia’s largest furniture manufacturer sounding the alarm, calling for immediate government intervention.
In another humiliating blow for Putin, Macron leading effort to deploy 40,000 NATO troops to Ukraine. More humiliation on the way for Moscow’s Kleptocrat in Chief as a laundry list of nightmare scenarios continues to unfold for Russia due to their ongoing global military adventures.
