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Russia economy meltdown as mortgage rates soar to 25% and pensioners 'struggle to survive'
Express UK ^ | 6/26/2025 | JON KING

Posted on 06/28/2025 9:28:46 AM PDT by marcusmaximus

Housing and utility bills in some parts of Russia are expected to soar by up to 25% as the country's economic meltdown worsens. Russian media reports that tariffs on housing, gas, water and electricity will go up by an average of 11.9% on July 1, but some regions will see an increase between 23% and 25%. Mortgage rates have also soared to 25% in recent months. One Russian newspaper, translated into English by the BBC's Russia Editor Steve Rosenberg and shared on social media, says the increase will be "painful for many families".

The same publication reports the experience of a former Russian prime minister's sister, who has a monthly pension of 22,000 roubles (£203) but whose bills per month for a small, two-room flat amount to 18,000 (£166). This week's Russian media reports about the state of the country's economy come after a warning was issued that Russia's economy is on the brink of recession.

Economy Minister Maxim Reshetnikov delivered the warning at the St. Petersburg International Economic Forum, the annual event in Russia's second largest city which aims to highlight the country's economic might and court foreign investors.

Russian business news outlet RBC quoted Reshetnikov as saying "the numbers indicate cooling, but all our numbers are (like) a rearview mirror". He said that "judging by the way businesses currently feel and the indicators, we are already, it seems to me, on the brink of going into a recession".

(Excerpt) Read more at express.co.uk ...


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events; Politics/Elections; Russia
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To: marcusmaximus

Starting to look a lot like 1917.


21 posted on 06/28/2025 10:03:50 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: iamgalt

“Trust nothing you see about Russia in a British “news” source.”

Article: One Russian newspaper ...


22 posted on 06/28/2025 10:05:03 AM PDT by TexasGator (1.DD logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: BobL

“...and yet he’s still at 80%”


Given that Vladimir Putin’s grip on power is so absolute, it rather begs the question of why Russia’s longest-ruling leader since Joseph Stalin even bothers with elections at all. Not least because of the potential for civil disobedience they present in relation to his so-called “special military operation” in Ukraine, which may have led to hundreds of thousands of Russian casualties, by some estimates.

In fact, as the Guardian’s Moscow correspondent Andrew Roth outlines in this week’s edition, Putin views carefully rigged elections as crucial for legitimising his rule. To that end, he is willing to spend vast sums – upwards of $1bn, according to leaked documents – controlling the media and information spheres to ensure the Kremlin’s curated version of Russian domestic politics provides an illusion of choice while delivering an election outcome that serves the president’s needs.

https://www.theguardian.com/news/2024/mar/14/putins-guide-to-rigging-an-election-inside-the-15-march-guardian-weekly


23 posted on 06/28/2025 10:07:12 AM PDT by TexasGator (1.DD logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: TexasGator

I know you guys want us to believe that Congress in the US is more popular than Putin in Russia - but WE ARE NOT IDIOTS.


24 posted on 06/28/2025 10:09:45 AM PDT by BobL
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To: BobL

“I know you guys want us to believe that Congress in the US is more popular than Putin in Russia - but WE [Russians?] ARE NOT IDIOTS.”


25 posted on 06/28/2025 10:12:47 AM PDT by TexasGator (1.DD logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: marcusmaximus

Oh Look! Another British Tabloid. Who’d have guessed it?


26 posted on 06/28/2025 10:22:00 AM PDT by FLT-bird
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To: BobL

“..and yet he’s still at 80%”


This happens because, for the first time since the collapse of the Soviet Union, the annexation of Crimea made Russians feel like they were a superpower again (80% of respondents agreed with this statement in spring 2014). Most Russians are unable or unwilling to shake off the intoxicating illusion of national grandeur. Propaganda also keeps the nation from coming to its senses because it helps shift focus from one topic to another—from the annexation of Crimea to the wrongdoings of the Ukrainian army to the evil of the West and its sanctions, and so on. The spin-doctors are always on the lookout for new stories to keep the public’s attention from waning.

Another factor that helps guarantee support for the regime is that there are no real alternatives. As mentioned above, between one quarter and a third of Russians support Putin because there isn’t anybody else to compare him with. Independent candidates have no access to TV airtime, and their ability to participate in elections at all levels is seriously limited. The appearance of an alternative candidate can rapidly and radically change the situation. The 2013 Moscow mayoral elections are a good example of that: opposition candidate Alexei Navalny was able to improve his standing in the polls by several times in a matter of months, and he eventually took 27% of the vote. Almost half of Putin’s supporters are people without clear political opinions, who have little interest in politics. These people are particularly susceptible to the pressure of propaganda, their bosses at work, and local authorities. They are the ones who have neutral feelings toward Putin (“Can’t say anything bad” and “Can’t say anything good” about him). Overall, they don’t really care who they vote for.

https://carnegie.ru/commentary/60849


27 posted on 06/28/2025 10:28:21 AM PDT by TexasGator (1.DD logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: kiryandil

Putin’s elbow cancer is flaring-up again. He’ll be gone in weeks!


28 posted on 06/28/2025 10:29:04 AM PDT by PGR88
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To: BobL

Seriously, why do you adore Putin? He is a corrupt dictator.


29 posted on 06/28/2025 10:29:29 AM PDT by TexasGator (1.DD logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: PGR88

Seriously, why do you adore Putin? He is a corrupt dictator.


30 posted on 06/28/2025 10:30:01 AM PDT by TexasGator (1.DD logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: FLT-bird

“Oh Look! Another British Tabloid. Who’d have guessed it?”

When you cannot refute the facts, attack the messenger.


31 posted on 06/28/2025 10:32:00 AM PDT by TexasGator (1.DD logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: TexasGator
Seriously, why do you adore Putin?

Seriously, why are you a troll?

32 posted on 06/28/2025 10:32:23 AM PDT by PGR88
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To: FLT-bird

Russia’s economy, buoyed for months by wartime spending, may now be teetering toward recession, Minister of Economic Development of the Russian Federation Maxim Reshetnikov said on Thursday, according to Russian media reports.

Speaking at the annual St. Petersburg International Economic Forum, Reshetnikov said: “The numbers indicate cooling, but all our numbers are [like] a rearview mirror.”

“Judging by the way businesses currently feel and the indicators, we are already, it seems to me, on the brink of going into a recession, he added, according to business news outlet RBC.

https://www.newsweek.com/maxim-reshetnikov-russia-economy-recession-warning-2088237


33 posted on 06/28/2025 10:34:18 AM PDT by TexasGator (1.DD logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: PGR88

Ducked the question. Speaks volumes.


34 posted on 06/28/2025 10:35:22 AM PDT by TexasGator (1.DD logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: TexasGator
When you cannot refute the facts, attack the messenger.

Attacking the messenger is exactly what y'all do when I point out that every time there's one of these "Its gloom and doom for Russia" stories, it comes from a British Tabloid.

35 posted on 06/28/2025 10:54:15 AM PDT by FLT-bird
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To: PGR88
     
36 posted on 06/28/2025 11:07:06 AM PDT by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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To: FLT-bird; PGR88

To: TexasGator
Do you have to be an ass every day?
84 posted on 9/26/2015, 6:24:20 PM by Jim Robinson

https://freerepublic.com/focus/news/3341298/posts?page=84#84


37 posted on 06/28/2025 11:09:26 AM PDT by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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To: marcusmaximus
"Russia economy meltdown as mortgage rates soar to 25%"

It would do well for Russia and Ukraine to sit down and negotiate a peace deal before there aren't any more homes to live in, and the ones that are left, have no one to live in them.

38 posted on 06/28/2025 11:27:22 AM PDT by mass55th (“Courage is being scared to death, but saddling up anyway.” ― John Wayne)
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To: dfwgator
Starting to look a lot like 1917.

Nonsense; in 1917 Russia was a British, French, and U.S. ally and the U.S. sent troops to help them stay in the war to fight Germany.
39 posted on 06/28/2025 11:33:41 AM PDT by af_vet_1981 ( The bus came by and I got on, That's when it all began.)
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To: iamgalt

Trust nothing from Russia and Russian sources


40 posted on 06/28/2025 12:06:32 PM PDT by blitz128
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