Botten ur för den ryska ekonomin. - Klarar inte längre att betala räntorna.

Russian MP Mironov accused Russia's Central Bank of inflation and the rising key rate.

They are looking for a scapegoat to blame for the problems in Russian economy. In reality, this is just diverting attention from the real issue: Putin's regime and the war it wages.

Mass Layoffs Begin In Russia’s Coal Industry

A little over three weeks ago, we flashed the warning light on the Russian coal industry, outlining that the drop in production combined with the inability to export and an increasingly catastrophic countrywide credit situation would lead to mass layoffs.

And now it’s happening.

The unraveling of Russia’s coal industry is accelerating, with three more major open-pit coal mines in the Kuzbass region — Sibcoal Management Company, Razrez Zadubrovsky Novy, and Razrez Evtinsky Novy — shutting down operations indefinitely as the sector faces what appears to be an existential crisis.

The Kemerovo Region’s Department of Information Policy confirmed the closures, citing “stabilization of the coal industry” as a precondition for resuming operations — a statement that offers little comfort to the thousands of workers being laid off amid worsening market conditions and mounting financial woes.