Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to stem growing inflation as massive government spending on the military amid the fighting in Ukraine strains the economy’s capacity to produce goods and services and drives up workers’ wages.

  • humanspiral
    link
    fedilink
    English
    arrow-up
    6
    arrow-down
    5
    ·
    27 days ago

    Russians have food and vodka. It is likely the most self sufficient industrial/war nation on earth.

    • GreyEyedGhost
      link
      fedilink
      English
      arrow-up
      20
      ·
      26 days ago

      Nothing says self-sufficient like having to bring in troops from other countries.