(July 30, 2024 at 2:04 pm)Fake Messiah Wrote: Battling Inflation, Russia Raises Key Interest Rate to 18 Percent
Russia’s central bank raised its key interest rate to 18 percent on Friday, the highest level in more than two years, in a sign of mounting concern in Moscow that the country’s wartime economy risked producing runaway inflation.
Elvira Nabiullina, the Russian central bank’s chairwoman, said the bank raised the rate by two full percentage points because “overheating in the economy has remained considerable.”
“Labor force and production-capacity reserves have been almost exhausted,” Ms. Nabiullina said.
A further cause for stubborn inflation, she added, were “risks related to external conditions,” saying that Russian companies were passing on the burden of sanctions to consumers in the form of price increases.
https://www.nytimes.com/2024/07/26/world...-rate.html
I’m seeing tourist videos from Moscow and St-Petersburg. People are still going to their jobs and are having fun in cafes and nightclubs like there is no problem at all with the economy. The same thing is also happening in Iran. Sanctions are actually destroying the livelihood of ordinary citizens even further. But if you are close to the party, you just need to make a trip to Kazakhstan to buy your latest I-phone or other stuff like that.
Also: The F-16’s have started to arrive. 60 F-16’s may not be a lot against a Russian fleet that is 10 times that number. But the Ukrainians will not be able to take territory back from the Russians if they don’t start to establish some sort of air-superiority:
https://www.yahoo.com/news/ukraine-recei...35818.html