Crisis in Russia

As awesome as most Russian neighborhoods are, very few are willing to take out mortages at 100% interest.

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. Normally towing the party line, even the Putin regime’s Pro-Kremlin economists are now warning that the move could unleash a tidal wave of corporate bankruptcies, threatening the survival of entire sectors of the Russian economy.

Having seen it’s share value drop by -88% in only two years and with 1,200 stores and 30,000 employees nationwide, Russia’s second largest seller of consumer electronics has announced an abrupt change in business model after 31 years in operation.

Russia’s economy continues to collapse as Russian railways is forced to cut investment by -40% due to debt service payments
Putin’s global global atrocity campaigns continue to punish the economy back home as Russian Railways is set to reduce its 2025 investment program by approximately 40

Amidst record crop failures and with all resources now going to Putin’s global war projects, things are only getting worse for the collapsing Russian agricultural sector, with domestic sales of new equipment dropping by 16.5% year-on-year to 167.5 billion rubles in the first ten months of 2024, according to the Russian Association of Specialized Machinery and Equipment Manufacturers (Rosspetsmash). Production and exports have also declined by 12.6% and 9.6%, respectively, amounting to 205.8 billion rubles in production and 14.1 billion rubles in exports.

Farmers say theyve never seen in so bad as Russia is confronting an unparalleled agricultural crisis with severe drought conditions threatening to decimate winter crop yields, particularly wheat, across key farming regions. This development poses significant challenges to the nation’s food security and its position in global grain markets as the Russian economy already faces collapse in a number of sectors.