The ruble has lost 1/3rd of its value vs. the yuan, but if you factor in OTHER extra costs...
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China strongly limits Russian access to tech in mech. engineering, aviation, and microelectronics.
"...they openly tell us: if you want to get some technologies, buy the product as a whole. We say: no, at best we need components that we'll replace soon. They tell us: we understand this, but aren't going to do it at normal prices. Here is double the price - please.&…
Caroline Polachek - True Love Waits [Radiohead Cover]
#FediRadio #CarolinePolachek
@… I was allowed a beer afterwards. This one, specifically: https://untappd.com/b/bad-seed-brewing-sleigher/5581774
Bag making in progress. Joining ends to bodies for some tube/duffel shaped purses. Drinking tea, settling into the studio, and getting on with it #handmade #sewing #bagsewing
« #BDR139 : On traîne Bernard Arnault devant les tribunaux ! »
https://www.youtube.com/watch?v=ix1u5QDu6f8
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The head of the State Duma Committee on Financial Markets, Anatoly Aksakov, is urging the widespread adoption of food ration cards for the poor, who are judged not to have pensions large enough to support themselves, due to inflation.
As has been the norm lately, the central government wants to push the cost of ration cards on to both shopkeepers and local governments, as much as is possible.
Sounds like Russia's tech industry - including internet, software, etc. - is seeing sharp declines in revenue, with widespread, major layoffs.
"The economy is in s***. It seems like everyone really needed IT specialists, there was a shortage of personnel, and all that. But the market has no money for development, the marketing tools have collapsed. Although both marketers and IT specialists are needed, there is no money. But everyone is hiding this."