Russia's Central Bank hikes interest rate as inflation soars
apnews.com
Russia’s Central Bank has raised its key lending rate to the highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow’s military action in Ukraine.
  • Skeezix@lemmy.world
    0·
    4 months ago

    What i find most sad about Russia is that the people have, for the most part, accepted corruption as the way of life.

    • WhatAmLemmy@lemmy.worldEnglish
      0·
      4 months ago

      Gestures wildly at every capitalist oligarchy masquerading as a “democracy”

      I mean, Russia’s objectively worse in 100x ways, but corruption is accepted everywhere. It’s fuckin wild what rich pepper can get away with. Putin’s just at the point where he doesn’t have to hide it because if you complain he will have you murdered.

    • Angry_Autist (he/him)@lemmy.world
      0·
      4 months ago

      8+ decades of hardcore civilian oppression, declining opportunities, and constant propaganda are what has brought them there, and we aren’t far behind them.