this post was submitted on 25 Oct 2024

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Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending (apnews.com)

submitted 3 weeks ago by Buffalox@lemmy.world to c/ukraine@sopuli.xyz

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[–] SeaJ@lemm.ee 18 points 2 weeks ago (1 children)

I'm actually damn surprised that Ukraine is able to keep their interest rates that low.

[–] Buffalox@lemmy.world 12 points 2 weeks ago

Absolutely, Russia originally had a massive advantages over Ukraine, because Russia had prepared for this, and has a bigger economy.
Ukraine was caught off guard. Remember they criticized USA for warning that a Russian invasion was eminent.
Nobody (almost) believed Russia would do this. So the Ukrainian economy was hit extremely hard, but is now doing better than Russia. And yes that is damned impressive.