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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
KEYWORDS: addicted2tabloids; axisofmugasm; bidenloversonfr; bidensfolly; blablablablabla3days; dailyzeeperporn; expressdotcrap; jonking; kievjonk; lordzelvisvictorious; mugamugamugamugamuga; piting; putin; russia; sendmoremoney; texasdems4ww3; thatsitwarsover; whatkievjonking; zeeperporn; zeepharderforvictory

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1 posted on 06/28/2025 9:28:46 AM PDT by marcusmaximus
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To: marcusmaximus

Nuevo York’s future. Enjoy, New Yorkers.


2 posted on 06/28/2025 9:31:26 AM PDT by Texas Eagle ("Throw me to the wolves and I'll return leading the pack"- Donald J. Trump)
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To: marcusmaximus

They’re all out of potatoes and eggs, and they’re on the roofs because of the floods.

Spam UK stiffens the resistance in Sumy.


3 posted on 06/28/2025 9:32:57 AM PDT by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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To: marcusmaximus
Russian Forces Launch Offensive Along Eastern Section of Frontline

Russia Boosts Its Long-Range Capabilities🚀Ukrainians Retreat from Zirka🏴 Military Summary 2025.06.28

US/EU Turns On Zelensky Gives Up On Kiev, Aid Dwindles, Russians Encircle Pokrovsk

4 posted on 06/28/2025 9:35:15 AM PDT by Kazan
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To: marcusmaximus

I guess the pensioners in the UK can feel better about their lost 2024 Winter Fuel Payment - if they survived the cold...


5 posted on 06/28/2025 9:35:50 AM PDT by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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To: Kazan

https://freerepublic.com/focus/chat/4325813/posts?page=5#5


6 posted on 06/28/2025 9:36:07 AM PDT by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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To: marcusmaximus

putin still is evil. May the Russian people begin to rise up and fight for themselves and their lives.

May it be

May it be so!


7 posted on 06/28/2025 9:39:19 AM PDT by Sunsong
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To: marcusmaximus

“The same publication reports the experience of a former Russian prime minister’s sister, who has a monthly pension “

Putin has drained the pension fund to pay for his two week war.

Raised the retirement age to 65. The average male only lives to 64.


8 posted on 06/28/2025 9:42:41 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: Kazan

Kyiv in 3 days!


9 posted on 06/28/2025 9:43:45 AM PDT by marcusmaximus
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To: marcusmaximus

1980 all over again, only the Russian version.


10 posted on 06/28/2025 9:44:18 AM PDT by cuban leaf (2024 is going to be one for the history books, like 1939. And 2025 will be more so, like 1940-1945.)
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To: marcusmaximus

This post really triggered the Putin lovers!


11 posted on 06/28/2025 9:44:31 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

https://freerepublic.com/focus/chat/4325813/posts?page=8#8


12 posted on 06/28/2025 9:45:44 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

The Putin enthusiasts do love their 25% mortgages.


13 posted on 06/28/2025 9:49:14 AM PDT by marcusmaximus
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To: Texas Eagle

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


14 posted on 06/28/2025 9:54:51 AM PDT by iamgalt
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To: Texas Eagle

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


15 posted on 06/28/2025 9:55:12 AM PDT by iamgalt
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To: kiryandil; marcusmaximus
This is fine, but what do potatoes cost in Belarus?


16 posted on 06/28/2025 9:57:49 AM PDT by JonPreston ( ✌ ☮️ )
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To: TexasGator
Hi Tex

I'm the guy who lit the fuse in Ukraine

Ask me about Hunter and Burisma!


17 posted on 06/28/2025 10:01:29 AM PDT by JonPreston ( ✌ ☮️ )
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To: iamgalt

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

LOL! Your only trusted sources are Tass and RT.


18 posted on 06/28/2025 10:01:35 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

“They’re all out of potatoes and eggs, and they’re on the roofs because of the floods.”

...and yet he’s still at 80%


19 posted on 06/28/2025 10:01:50 AM PDT by BobL
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To: JonPreston

😂😂🤣🤣


20 posted on 06/28/2025 10:02:35 AM PDT by Allegra (Thank you for your attention to this matter. )
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