Free Republic

Vladimir Putin has admitted that sanctions on Russia and worker shortages have contributed to economic turbulence in the country. The Russian president made the comments days after Russia's Central Bank raised its key interest rate to a record 21 percent—higher than the emergency 20 percent level introduced in the aftermath of Putin's full-scale invasion of Ukraine when facing Western sanctions and isolation from the global financial system. -snip- Russia's economic growth has been fueled by record levels of military spending but a lack of workers exacerbated by troop losses in Ukraine and a brain drain of those avoiding the draft,...

A longtime ally of Russian President Vladimir Putin has predicted that the majority of Russian companies could go bankrupt due to the increasingly high interest rate. - snip- Chemezov criticized the Russian central bank's elevated key interest rate, which, following his comments, was raised by an additional two percentage points on Friday to a record 21 percent. "There is no 20 percent profitability anywhere. Maybe in the drug trade, but even the sale of weapons does not bring such a profit," he said. Chemezov said that the high key interest rate drives up borrowing costs for businesses, which hurts their...

Russia's central bank hiked its key interest rate by 200 basis points on Friday to 21%, the highest level since the early years of President Vladimir Putin's rule, when Russia was recovering from the chaos that followed the collapse of the Soviet Union.

Russian President Vladimir Putin's popularity in the United States has reached its highest point since 2020, years before his troops invaded Ukraine, according to new data. The Kremlin leader's popularity among Americans, as of the first quarter of 2023, stands at 21 percent, according to pollster YouGov. In the first quarter of 2021, Putin's popularity hovered at 15 percent, and shortly after Russia began the war with Ukraine, it was registered at 17 percent.