I had mentioned that Russian freight trucks weren't doing well, but... things are getting uglier.
Large numbers of them are getting out of the business entirely, or trying to downsize their truck fleets due, in part, to the high key rate and general unprofitability of trucking in Russia under current circumstances.
They're even facing high incidences of non-payment by their clients!
[ April 10, 2025 - April 11, 2025] Conference or similar: AI and the Ends of Humanity: Thinking Theologically after ChatGPT https://philevents.org/event/show/125022
Series D, Episode 13 - Blake
SOOLIN: Another calculated risk?
DAYNA: Try and get the sums right this time.
https://blake.torpidity.net/m/413/180 B7B5
spiderwort #bloomscrolling
One obvious reason this could be the case, despite the stimulus impact of the war, is that a lot of dotcoms / tech companies are highly sensitive to the stock market, VC funding, etc.
IOW, revenue from the stock market & VC funding suddenly disappeared, leaving them at the mercy of high rate loans, due to the historically high Russian central bank key rate.
And so, huge swathes of high tech are at risk of debt spirals and ever-increasing rates on loans.
From #AnnafromUkraine @AnnafromUkraine@youtube.com
RUSSIA'S ECONOMIC COLLAPSE IS COMING SOON. Vlog 832: War in Ukraine
Western analysts believe that the russian economy is on the brink of disaster despite official reports of low inflation and economic growth. In the 2025 budget, #russia
La France est-elle un enfer fiscal ? Spoiler : NON !
https://youtube.com/watch?v=flMOPiwaeQ4&si=aBzYW-gkHVjUUfNv