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  • Russian banks prepare for bailouts as Putin’s war hammers economy

    07/17/2025 1:48:16 PM PDT · by marcusmaximus · 35 replies
    Telegraph UK Yahoo Finance ^ | 7/17/2025 | Tim Wallace
    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...