05-08-2024, 11:35 AM
(23-07-2024, 11:44 AM)Tee tiong huat Wrote: Russia's Rising Economic Crisis
Putin facing a quagmire, the Russia is up on govt spending, triggering cuts that could hurt Putin's popularity, or keep printing rubles, seeking to "bail out" the economy, but creating wider inflation?.![]()
The Russian economy could be described as a house of cards: Standing and is falling.
Built on shaky premises is rapidly bring it crashing down. Russian Ctr Bank, aware is bad economic has become taking dramatic steps to try to get Moscow's ecomony back-on-track -
But will they succeed?
Dr. Volodymyr Lugovskyy explains to Kyiv Post's Jason Smart that Russia is in a very challenging situation given the rapid rising inflation, if unchecked on Kremlin spending, following full-scale invasion of Ukriane. The blows can landed due to Western sanctions, Russia now facing a quagmire: Let up on govt triggering cuts in social spending could hurt Putin's popularity.
One of four Russian Subs went under water one way only and been sent the their dreaming home on a or their freaking fairytale home.

https://www.theguardian.com/world/articl...-officials