Russia Catch-All | Russia allegedly shoots down Azerbaijan passenger plane
- Thread starter nycfan
- Start date
- Replies: 38
- Views: 720
- Politics
- Messages
- 9,684
Not sure where the above article is getting its inflation numbers but those are significantly higher than what I’ve been reading otherwise (though the Russia inflation rate is still immense, particularly with their energy prices decreasing). Interest rates are crazy high in Russia right now (like 21%+ for consumers, over 35% for some business loans).
- Messages
- 9,684
Russia braced for mammoth rate hike amid fears it's losing the battle against inflation
Russia braced for mammoth rate hike amid fears it's losing the battle against inflation
Russia's central bank is expected to carry out a mammoth rate hike later this week as inflation continues to soar in the war-focused economy.
“… Russia's consumer price index continues to rise despite repeated rate hikes by the central bank designed to tame the rampant price rises.
The consumer price index hit 8.9% in November compared to the same month in the previous year, up from 8.5% in October, driven principally by rising food prices.
… Economists now expect Russia's central bank, the CBR, to hike rates by 200 basis points at its meeting on Dec. 20 — taking the country's key interest rate to 23%.
… Russian consumers have been hit especially hard as basic foodstuffs, such as butter, eggs, sunflower oil and vegetables, have seen high double-digit price increases as demand outstrips supply. …”
- Messages
- 9,684
“… A standard 200g stick of butter now costs around 200 rubles, or almost $2, with prices up 30% since December 2023, according to data from state statistics service Rosstat.
The theft of such a basic product has drawn attention to rampant price rises in Russia.
“The cost of basic foods has been growing for the last three years. It is getting worse day by day and sped up, especially this year,” Stanislav, a Moscow resident, told CNBC.
…
Anton Barbashin, a Russian political analyst and editorial director of the journal Riddle, said price rises were inescapable for most citizens, telling CNBC that “literally half of all Russians spend most of their earnings on food, so they feel inflation the most.”
“Product inflation is now the greatest driver for inflation, as such. So prices for basic goods, food and other personal items are increasing the most,” he noted.
“So far, the strategy for most Russians has been to downgrade their consumption patterns, opt for lower-quality goods. Postpone any long-term purchases. However, this stress is not spread out evenly. Moscow is still barely feeling the troubles. The most hit are [people in] the smallest towns and rural areas,” he noted.
…
Last year, a shortage of eggs — and price rises of more than 40% — prompted the government to remove import duties on the product. The administration said it would buy eggs from “friendly” countries and, in the first quarter, Russia imported 235 million eggs from Belarus, Azerbaijan and Turkey, Russian media reported.
This October, the government said it would monitor butter prices and would support a “systemic increase in production” as the dairy industry continued to struggle to meet demand. …”
The theft of such a basic product has drawn attention to rampant price rises in Russia.
“The cost of basic foods has been growing for the last three years. It is getting worse day by day and sped up, especially this year,” Stanislav, a Moscow resident, told CNBC.
…
Anton Barbashin, a Russian political analyst and editorial director of the journal Riddle, said price rises were inescapable for most citizens, telling CNBC that “literally half of all Russians spend most of their earnings on food, so they feel inflation the most.”
“Product inflation is now the greatest driver for inflation, as such. So prices for basic goods, food and other personal items are increasing the most,” he noted.
“So far, the strategy for most Russians has been to downgrade their consumption patterns, opt for lower-quality goods. Postpone any long-term purchases. However, this stress is not spread out evenly. Moscow is still barely feeling the troubles. The most hit are [people in] the smallest towns and rural areas,” he noted.
…
Last year, a shortage of eggs — and price rises of more than 40% — prompted the government to remove import duties on the product. The administration said it would buy eggs from “friendly” countries and, in the first quarter, Russia imported 235 million eggs from Belarus, Azerbaijan and Turkey, Russian media reported.
This October, the government said it would monitor butter prices and would support a “systemic increase in production” as the dairy industry continued to struggle to meet demand. …”
lawtig02
Iconic Member
- Messages
- 1,817
Glad we voted for our own Putinista to, uh, fight food inflation.
JCTarheel82
Honored Member
- Messages
- 833
Oh no! Not the eggs! Russians better vote for Trump in the next election cycle.
- Messages
- 525
Have any of the US sanctions enacted since 2016 had any effect? It certainly doesn't seem that way.
Whoops....too late. Kind of like here in Amagaica.
Well they can always vote Putin out in the next ele---
Whoops....too late. Kind of like here in Amagaica.
- Messages
- 9,684
23% government interest rate and serious inflation suggests it is not entirely without impact, but slower and more uneven than intended.
Russian Lt. General Igor Kirillov of the Nuclear, Biological, and Chemical Defence Forces (NBC) was killed in an explosion as he left a residential building in Moscow early Tuesday morning (it’s 9:08 am in Moscow as I type this).
Reports say an explosive device was put in a scooter outside the residential building.
Kirillov has allegedly been involved in chemical warfare attacks in Ukraine. The UK put sanctions on Kirillov; he’s quite the Putin mouthpiece.
His assistant was also killed.
Lt. General is the 4th highest rank in Russia (Marshal of the Russian Federation, Army General, Colonel General, Lt. General, Major General, Colonel, etc.).
Reports say an explosive device was put in a scooter outside the residential building.
Kirillov has allegedly been involved in chemical warfare attacks in Ukraine. The UK put sanctions on Kirillov; he’s quite the Putin mouthpiece.
His assistant was also killed.
Lt. General is the 4th highest rank in Russia (Marshal of the Russian Federation, Army General, Colonel General, Lt. General, Major General, Colonel, etc.).
- Messages
- 9,684
Putin boasts of Ukraine gains, denies fall of Assad in Syria dented Russia at annual news conference
The Russian leader sought to project strength and ease at his annual news conference and call-in show Thursday.
www.pbs.org
Putin boasts of Ukraine gains, denies fall of Assad in Syria dented Russia at annual news conference
"... He used the tightly choreographed event, which lasted for about 4 1/2 hours, to reinforce his authority and demonstrate a sweeping command of everything from consumer prices to military hardware.
He claimed that sending troops into Ukraine in 2022 has boosted Russia’s military and economic power. He also said that if he could go back in time, he “would have thought that such a decision should have been made earlier,” and Russia should have “prepared for it in advance and more thoroughly.”
“Russia has become much stronger over the past two or three years because it has become a truly sovereign country,” he said. “We are standing firm in terms of economy, we are strengthening our defense potential and our military capability now is the strongest in the world.”..."
- Messages
- 9,684
Russia warns against 'hypotheses' after Azerbaijan Airlines crash
Russia warns against 'hypotheses' in Azerbaijan Airlines crash - BBC News
The Russia-bound passenger plane went down in Kazakhstan with the loss of 38 lives.
www.bbc.com
“The Russian government has cautioned against promoting "hypotheses" about the cause of the crash of a Russia-bound passenger plane that killed 38 people in Kazakhstan on Wednesday.
Footage of the wrecked fuselage appeared to indicate shrapnel damage and some aviation experts suggested the Azerbaijan Airlines plane may have been hit by air defence systems over the Russian republic of Chechnya.
Before it went down near the Kazakh city of Aktau, the plane was diverted across the Caspian Sea, from its destination in Chechnya to western Kazakhstan.
Twenty nine of the 67 people on board survived. Azerbaijan held a national day of mourning on Thursday for the victims of the crash.…”
superrific
Inconceivable Member
- Messages
- 3,595
it was probably an accident. they are supposed to tell airlines when they are conducting aerial warfare. but why start now? giving civilians adequate warning of incoming explosives is so 2022.