this post was submitted on 26 Nov 2024
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Russia's high interest rates make export contracts unprofitable, says Rostec head (www.reuters.com)
submitted 3 days ago by Cephalotrocity@biglemmowski.win to c/ukraine@sopuli.xyz
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MOSCOW, Nov 26 (Reuters) - High interest rates in Russia are making export contracts unprofitable, Sergei Chemezov, the head of Russian state industrial conglomerate Rostec, said on Tuesday, warning of production slowdowns and bankruptcy risks.

...

Chemezov said that exports for products with a long production period in areas like aviation, air defence and shipbuilding may have to be stopped.

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[–] Valmond@lemmy.world 6 points 3 days ago

High interest rates, and a ruble plummeting!

Worst time for exports.

... so far...