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Posted on 07/17/2025 1:48:16 PM PDT by marcusmaximus
Russia’s banks are reportedly seeking to arrange bailouts from Moscow as borrowers struggle to repay loans across the war-battered economy.
At least three of the country’s biggest banks are investigating the possibility of a state rescue, according to Bloomberg News, in the latest sign the nation is struggling under the pressure of its invasion of Ukraine.
Officials are said to have ordered banks to avoid disclosing the full level of bad loans and instead to restructure their books to present a healthier image. But this tactic may be nearing the end of the road, requiring support from Moscow.
Russia’s economy is under strain from the cost of Vladimir Putin’s war in Ukraine, sanctions imposed by Western nations, the loss of manpower both to the armed forces and to flight abroad, and the drop in oil prices, which threatens a critical source of revenues for the government.
The country’s economy grew by 4.3pc last year, according to official estimates, supported by Moscow funnelling resources into the war. One rouble in every three spent by Moscow goes on the military.
However, the wider private sector has suffered. The purchasing managers’ index, an influential survey of the private sector, has fallen to its lowest level since the full-scale invasion began, indicating business activity is declining.
Growth is expected to slow sharply this year. Analysts at Goldman Sachs predict GDP growth of a much more modest 0.5pc, despite the vast military expenditures.
Spiralling food prices and labour shortages have also pushed inflation into double digits. Ordinary Russians are struggling to buy some of the basics, with even potatoes now in short supply.
The central bank is struggling to control the situation despite keeping interest rates at 20pc.
(Excerpt) Read more at finance.yahoo.com ...
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Putin needs to get the Democrat nominee for NYC on his team. A sure winner for Russia!
With what will Putin bail out banks?
Printing rubles.
This lunatic needs to cut his losses.
There’s also talk Putin will freeze cash withdrawals for bank customers and convert their deposits into shares of the banks in trouble.
“With what will Putin bail out banks?”
Perhaps he will finally run up a national debt. Glad that doesn’t happen here!
“There’s also talk Putin will freeze cash withdrawals for bank customers and convert their deposits into shares of the banks in trouble.”
Bank shares are owned by the state and by oligarchs.
A devaluation of the shares could cause a market crash.
I think putin has his stolen wealth parked over seas.
Unlike here, the only individuals buying Russian debt will be the Russians themselves. This will remove those rubles from the economy reducing the velocity of Russian money.
Russia in trouble?!
NICE!
“Unlike here, the only individuals buying Russian debt will be the Russians themselves. This will remove those rubles from the economy reducing the velocity of Russian money.”
Good point, that will help slow down their overheated economy, and with that, slow down inflation.
Well let us compare debt levels btw Russia and the US.
Russia’s debt ratio was one of the lowest in the world at 16.99% of its GDP in 2021—though the country’s war with Ukraine, which began in early 2022, has caused a slight increase in this ratio to 18.89%. Russia is usually one of the ten least-indebted countries in the world.
The United States recorded a Government Debt to GDP of 124.30 percent of the country’s Gross Domestic Product in 2024
And our own banking system is in far worse shape than Russia’s.
Do you ever post anything that isn’t propaganda?
Russia stronk! Ruble stronk!
“Do you ever post anything that isn’t propaganda?”
Do you ever post anything negative about the evil corrupt Putin?
Or about his corrupt oligarch friends?
About how the are robbing the workers to line their own pockets.
About how they have depleted the state retirement fund.
About how the expected male life expectancy is 64 and the retirement age is 65.
About the 21% interest rate
About how Russia is still rationalizing the companies of Putin’s enemies.
About their 10% inflation
It is not so clear. The only Russians who will be buying Russian bonds will be those with money to spare, i.e. wealthier Russians. These are not the people whose rubles are driving up inflation, especially for staples.
ZEEPER FOLLIES PINGLIST!!
(((PING!)))
Join and laugh at the Zeepers!!
Insanity!
Actually the major driver of inflation is a huge increase in military pay for contracts
Does a great depression have to be world wide? Or could some friendly nudging from their friends in the West, push Russia into one all by it’s Lonesome self?
How secure are Rusdian banknotes? Are they counterfeitable? Gee what if the West counterfeited a trillion us dollars worth if Russian ruble banknotes and flooded them wit them? 2 trillion?
Really? US debt $37 trillion, debt to GDP over 125 percent….Russia debt to GDP, 15 percent….a ten year old without a calculator can see who is in trouble.
Throw in Russia’s massive $75 Trillion in natural resources, number one in the world, the numbers don’t lie.
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