Russia’s central bank has raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation.

Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to stem growing inflation as massive government spending on the military amid the fighting in Ukraine strains the economy’s capacity to produce goods and services and drives up workers’ wages.

    • naeap@sopuli.xyzEnglish
      19·
      10 hours ago

      How is Ukraine responsible for a war, when Russia took Crimea without much discussion and afterwards tried/tries to get more?

      Ukraine searching for help isn’t a reason for a war. Entering another country is starting a war, and that’s what Russia did

        • foggenbooty@lemmy.worldEnglish
          12·
          7 hours ago

          OK buddy. At the end of the day no matter what you believe, Russia invaded another country first and there’s nothing you can say that will change that. While the US is FAR from blameless in regard to foreign meddling, you are absolutely on the wrong side of history.