The interest rates have massive impacts. 20% more business bancrupcies, 57% drop in new mortages for new construction and well the government has issues getting loans right now. The Russian government bond index is hitting all time lows.
In other words Russia is facing a massive housing crisis, while its economy collapses, they have high inflation, the government is running out of money and they are fighting a war.
The interest rates have massive impacts. 20% more business bancrupcies, 57% drop in new mortages for new construction and well the government has issues getting loans right now. The Russian government bond index is hitting all time lows.
In other words Russia is facing a massive housing crisis, while its economy collapses, they have high inflation, the government is running out of money and they are fighting a war.