"Today's central bank rates are a very serious challenge to the development of the economy and industry," said billionaire businessman Alexei Mordashov, expressing how elevated interest rates are impeding economic progress.
Sergey Chemezov, a prominent businessman and Putin ally, said, "Taking out a loan at a crazy interest rate is suicide for a business. This is the path to bankruptcy."
A former Russian Central Bank official noted, "The elites are fighting for survival and while they remain loyal to Putin, they are increasingly discontent," highlighting the tension between loyalty and economic pressures.
The article reported that with the consumer price index hitting 8.9%, soaring food prices like butter and potatoes are leaving citizens in dire financial straits.
Collection
[
|
...
]