“They’re making more money due to the war economy”
is that why businesses in russia must pay 21% interest rates to operate, carry inventory and/or attempt expansion? ... can you imagine what that would do to the U.S. economy? ... exactly ... the same thing that’s doing to the russian economy ...
and how exactly are they making more money with their “war economy” given that their industrial base is so decrepit that russia is forced to SPEND money to BUY war materials like rockets and drones from third world shitholes like north korea and iran? ...
This was not the case before 2022.
Naturally, as a result of the war, there's significant inflation in Russia.
The Russians can afford to do that because that kind of interest rate doesn't trillion to their national debt.
We can't even get inflation by raising and keeping interest rates high because it adds so much to our pathetic national debt.
The Russian economy was supposed to be brought to its knees by sanctions but the Russian GDP is better than ours or any majority EU country.