The Russian economy is beginning to falter, with inflation exceeding 9 percent. The central bank has raised the main interest rate to 21 percent, and bank loan rates are approaching 30 percent. The ruble exchange rate has fallen to levels seen in the early months of the war,

The Russian economy is beginning to falter, with inflation exceeding 9 per cent. The central bank has raised the main interest rate to 21 per cent, and bank loan interest rates are approaching 30 per cent.

Industrial production has screeched to a halt in Transnistria, a breakaway region of Europe, after Russian gas flows through Ukraine came to an end.

As the last of the gas flowing via Ukraine to Europe runs out, Russian gas will no longer be making its way to Europe, marking the end of a decades-long arrangement. Russia had already cut off most supplies through the Baltic and Belarus-Poland pipelines after the Ukraine/Russia war started,