Live Conflict Ukraine-Russia War

[Spitfire9]

Things are not really going Putin's way in Ukraine.

Sergei Chemezov, head of state defense corporation Rostec, has twice publicly threatened to cease arms exports due to the high cost of borrowing. And a third of Russian freight haulers have said they fear bankruptcy next year due to increased costs and rates. Andrei Repik, head of the Delovaya Rossiya lobby group, last month warned of “guaranteed bankruptcies” among businesses.

The Center for Macroeconomic Analysis and Forecast, a think tank that has long opposed high interest rates and which has connections to Defense Minister Andrei Belousov, recently reached the counterintuitive conclusion that high rates are driving inflation more than increased salaries. Almost 19% of the economy (when measured by revenue) is threatened with bankruptcy due to interest rate rises next year, it said

https://en.thebell.io/tough-choices-for ... tral-bank/

Consumer spending has been partially maintained through the government indirectly transferring money from the national wealth fund into consumers' pockets via high wages in the MIC (forcing labour costs up in other sectors of the economy), 'golden hellos' to contract soldiers, high salaries for contract soldiers, death and injury payments to soldiers and their families.

Through the 'special military operation 'the Russian government has set the country on a downward economic and financial course. Where are the signs that the government is going to change the course of the country's economy? I see none.

I think that the longer the Ukraine military can hang on, inflicting unsustainable losses of men and equipment on the enemy as it advances, the less viable it will become economically, financially and militarily for Russia to persist with the war. I think that Putin must now be gambling everything on Trump halting the war before the wheels come off Russia. If the war continues, what does the future hold for Vladimir?

PS Any guesses on what will happen to interest rates on 20 December? The central bank has a meeting at which it may change the base rate,.