- cross-posted to:
- world@quokk.au
- cross-posted to:
- world@quokk.au
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
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
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.