**Russia’s Economy in Trouble**
The UK Ministry of Defense recently reported that Russia is facing major economic problems. These challenges are mainly due to the Central Bank of Russia (CBR) increasing interest rates.
These higher interest rates make it harder for people and businesses in Russia to borrow money. This can lead to fewer people buying things, which means sales go down. As a result, companies may not have as much money to invest or pay their workers.
The UK Ministry of Defense also mentioned that international sanctions against Russia are adding to the country‘s economic difficulties. These sanctions limit the amount of money that can be sent in and out of Russia, making it harder for businesses to operate.
Overall, the combination of higher interest rates and sanctions is putting a lot of pressure on Russia’s economy. This situation is likely to continue affecting the country’s financial situation in the coming months.