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Crisis in Russia

Russia’s largest cities Rocked by Wave of Coordinated Arson and Explosions

A wave of coordinated attacks rocked Moscow and St Petersburg over the past 3 days, with pensioners and elderly being the primary perpetrators. A string of arson attacks and explosions swept across multiple Russian cities on Saturday, raising questions about the scale and coordination of these acts. The perpetrators, many of whom confessed to being manipulated by telephone scammers, targeted a variety of public institutions and infrastructure.

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Crisis in Russia

Mass Layoffs Begin In Russia’s Coal Industry

Mass layoffs have come to Russia’s Kuzbass region due to the closure of three mines. A little over three weeks ago, we flashed the warning light on the Russian coal industry, outlining that the drop in production combined with the inability to export and an increasingly catastrophic countrywide credit situation would lead to mass layoffs. And now it’s happening. The unraveling of Russia’s coal industry is accelerating, with three more major open-pit coal mines in the Kuzbass region —

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Another of Putin’s henchman assassinated in Moscow
Crisis in Russia

Another of Putin’s henchman assassinated in Moscow

 It seems even Moscow is no longer safe for Putin’s war criminals. Less than a week after one of Russia’s lead missile designers is killed in Moscow, Senior General Igor Kirillov, head of Russia’s Nuclear, Biological, and Chemical Protection Troops, has also been assassinated, the highest level Russian official to yet be killed since the beginning of the war.

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Russia’s Food Price Inflation Soars to Staggering 48.8% in Six Months
Crisis in Russia, Economy & Business

Russia’s Food Price Inflation Soars to Staggering 48.8% in Six Months

With Russia’s annualized food inflation now hitting 97%, fears of unrest are growing not only in Russia’s regions but in the large cities as well as government remains paralyzed to act in any real way with war commitments consuming all available budgetary funds. In yet another symptom of Russia’s deepening economic crisis, food price inflation has surged to an alarming 48.8% in just six months, according to latest government data.

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Russia’s largest construction project goes dark
Crisis in Russia, Economy & Business

Russia’s largest construction project goes dark

 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.

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

Russian Banks raise mortgage rates to 100% amid market Turmoil

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.

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

Russia’s Economic Death Spiral continues as more Rate Hikes look to Trigger Bankruptcy Tsunami

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.

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

Consumer electronics sector in russia revamps due to the majority of russians now unable to afford new phones

Shares of Russian’s second largest seller of consumer electronics continue to lows not seen since the 2009 financial crisis 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.

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