this post was submitted on 12 Nov 2024
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Summary

Russian businesses are facing severe financial stress as the Central Bank of Russia's interest rate hits 21%, with further hikes expected.

High borrowing costs, especially for companies with floating-rate loans, have pushed many towards a debt crisis, with interest payments consuming up to 75% of earnings.

Rising corporate bankruptcies, late payments, and stalled investments signal deepening economic distress. Key industries, including retail, real estate, and manufacturing, are especially vulnerable.

The situation is expected to worsen as the economy cools and interest rates remain high, potentially triggering a financial crisis.

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[–] [email protected] 36 points 1 month ago (4 children)

If only there was some sort of stopping a 2 year long failed invasion based plan that could resolve this.

[–] [email protected] 7 points 1 month ago

I'll have you know, that I have it on good authority (from the ever rational and totally not an echo chamber Hexbear) that the invasion is actually very successful and Russia is winning. By a lot!

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