this post was submitted on 17 Mar 2025
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Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms (www.irishstar.com)
submitted 2 weeks ago by SalaciousBCrumb@lemy.lol to c/world@quokk.au
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Russia's economy is teetering on the brink of collapse, with industrial production taking a nosedive and major corporations initiating widespread layoffs as the impact of a three-year war with Ukraine inevitably hits home.

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[–] kreskin@lemmy.world 9 points 2 weeks ago

Interesting. Sounds like China is tired of propping them up. If China hadnt helped them out they'd be selling Siberia to China right about now. Xi Jinping might have wasted this conflict.