The Russian economy is on the brink of collapse, with industrial output falling and major companies initiating large-scale layoffs amid the economic fallout from the war on Ukraine

The Russian economy is on the brink of collapse, with industrial output falling and major companies initiating large-scale layoffs amid the economic fallout from the war on Ukraine

Archived version: https://archive.is/newest/https://www.irishstar.com/news/us-news/russian-economy-freefall-mortgage-costs-34869686

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  • andrew0@lemmy.dbzer0.com
    102·
    1 day ago

    Russia has been increasing trade with China in the past few years. I’m afraid that, even without US support now, Russia would still be able to carry on for a while longer :(

        • Dr. Moose@lemmy.worldEnglish
          3·
          16 hours ago

          Sanctions are not binary and when used smartly can target Russia without directly hurting China. That’s what we did already and the last sanctions by Biden targeting banking were very effective afaik.

          • WagyuSneakers@lemm.eeEnglish
            1·
            6 hours ago

            Yes, but we applied them because Russia attacked. Once we apply them we can no longer use them as leverage. If you tell China you’re going to do it even if they don’t invade Taiwan then that gets erased from the “Cons” side of the board.