Comments by "foil hat" (@foilhat1138) on "Putin humiliated as Russian oil tanker splits in two and sinks off coast of Crimea" video.
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@yagsipcc287 Sergey Chemezov, CEO of the state-owned Rostec said about the economy. "There is no 20 percent profitability anywhere. Even the sale of weapons does not bring such a profit,"
"It is simply not profitable for enterprises to use borrowed funds, as I have already said many times. It is just that if we continue to work like this, then practically the majority of enterprises will go bankrupt," he said.
He warned that this situation could lead to "stagflation," referring to economic conditions of slow growth, high unemployment, and rising prices.
Chemezov's concerns echo those made recently by other Russian businessmen, who warn that the high borrowing costs could hamper economic growth. Nabiullina countered that lowering interest rates will lead to rampant inflation. So one of those is Russia's future, stagflation or hyperinflation.
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@yagsipcc287 Sergey Chemezov, CEO of the state-owned Rostec said about the economy. "It is simply not profitable for enterprises to use borrowed funds, as I have already said many times. It is just that if we continue to work like this, then practically the majority of enterprises will go bankrupt,"
He warned that this situation could lead to "stagflation," referring to economic conditions of slow growth, high unemployment, and rising prices.
His concerns echo those made recently by other businessmen, who warn that the high borrowing costs could hamper economic growth. Nabiullina countered, saying that lowering interest rates will lead to run away inflation. So one of those is Russia's future, stagflation or hyperinflation.
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