long period of high key interest rates set by the #Central_Bank
"A shortage of financing could, in the long term, turn industrial enterprises into a heap of rusty metal," #Shevelev warned. He said steelmakers are facing a sharp decline in demand, and the greatest risk posed by the current crisis is a complete halt to development.
According to #Rosstat, last year, #Russian metallurgy reduced output by 1.5% despite demand from defence plants, and this year, the decline has accelerated into a
"The keywords are #raising, #purchase_prices, 5 to 40% and #at_once, buckle up #russia!" 😂 🤣 😆
🤑🍫 Sweets, dairy products, and beer will become more expensive in #Russia.
And all because manufacturers are ) of their products for retail chains by 5-40% at once. The reason is high inflation, the key rate of the #Central_Bank (and, accordingly, expensive unfavourable loans), growing costs of raw materials, logistics, and personnel.
Putin's IBS