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Russians pressured to take out excessive curiosity payday loans as financial disaster bites

As Russia’s financial woes deepen, employees have gotten more and more reliant on payday loans with astronomical rates of interest simply to get by. The Russian Central Financial institution’s determination to boost rates of interest to a document 21% late final 12 months, aimed toward reining in runaway inflation, has had the unintended consequence of…

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Russian arms exports collapse by 92% as ‘military-industrial complex has failed’ – World News – News

Russian arms exports have plummeted drastically as manufacturers prioritize supplying the Kremlin’s forces for the conflict in Ukraine. A defense expert reported a staggering 92% drop in exports, which are crucial for Russia’s hard currency revenue. Speaking at a Berlin conference, Pavel Luzhin revealed that by the end of 2024, Russian arms exports will have…

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