this post was submitted on 17 Mar 2025
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Global News

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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.

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[–] atro_city@fedia.io 40 points 1 day ago (1 children)

If the US weren't helping Russia by giving them a lifeline, this war would probably be over this year.

[–] andrew0@lemmy.dbzer0.com 9 points 1 day ago (1 children)

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 :(

[–] drmoose@lemmy.world -3 points 19 hours ago (1 children)

China really doesnt like sanctions either

[–] WagyuSneakers@lemm.ee 3 points 19 hours ago (1 children)

That's a green light for them to invade Taiwan then.

[–] drmoose@lemmy.world 3 points 17 hours ago (1 children)

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.ee 1 points 7 hours ago (1 children)

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.

[–] drmoose@lemmy.world 0 points 5 hours ago (1 children)

There are many sanctions to utilize tho.

[–] WagyuSneakers@lemm.ee 1 points 1 hour ago

I'm not even going to dignify you with a response anymore. Go take a few civic classes and shut the fuck up.