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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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And the Ruble is worth a penny! Lol!
Do you ever post anything that isn’t propaganda?
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He is a low information “ voter”, he lets his emotions disregard the facts….Tx Gator also comes to mind.
You are funny, know little about history, and let your emotions control you.
How about at least once posting articles, Fetch….that should keep you busy the rest of the day!
…..and they are still winning!
“Russia debt to GDP, 15 percent…”
Amazing! Russia’s debt to GDB gets lower with youth every post!
“…..and they are still winning!”
Putin planned to take Ukraine in two weeks. Now, in 2025 the occupy about the same as the did in 2022.
Putin has depleted the state retirement fund.
Interest rates at 21%.
Inflation at 10%.
Banks going under.
Putin selling Ukrainian toilets on the black market.
Coming from someone who follows and believes Martin Armstrong.
“Coming from someone who follows and believes Martin Armstrong.”
Coming from Armstrong himself! Three bankruptcies and an elite trading system that lost $700,000,000 in bad currency trades.
So bad that his partner said flipping a coin yields better results.
Meanwhile, Vlad is encircling Petrovsk….mopping up one city after another….Zaparhoznia getting pounded in preps for a major offensive….
….and you funny guys still think the Ukies are winning!
https://www.youtube.com/watch?v=EPV26lnAbXU
“Meanwhile, Vlad is encircling Petrovsk…”
You posted that two weeks ago. Apparently Socrates’ modem is unplugged.
Be nice to him. If it’s found he’s failing at his job here, his higher ups might just send him to Ukraine to only come back as a 200.
Be nice to him.
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I am, I find his melt downs funny, and do have compassion for his mental condition…
That post was to me, not you.
“Be nice to him. If it’s found he’s failing at his job here, his higher ups might just send him to Ukraine to only come back as a 200.”
He has relatives in Russia. I suspect that he will move in with them when he soon retires.
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