The Russian economy is absolutely overheating, the Russian central bank interest rate is 21%, so nobody borrow below that.
There are news about increasing rates of bankruptcies of Russian companies, in part caused by these high interest rates and inflation.
The inflation staying high, makes it likely that another increase by the central bank will happen before the end of the year.
The Russian economy is absolutely overheating, the Russian central bank interest rate is 21%, so nobody borrow below that.
There are news about increasing rates of bankruptcies of Russian companies, in part caused by these high interest rates and inflation.
The inflation staying high, makes it likely that another increase by the central bank will happen before the end of the year.
There are also news about Russia laying off a massive 10% of government workers.Probably due to worker shortages and state budget deficits.
https://www.themoscowtimes.com/2024/11/11/russia-preparing-mass-government-layoff-a86976
So Russia is already having major economic problems, and they will get worse in 2025.