Does Russia’s Economy Have a Debt Problem?

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With high interest rates and a slowing economy, Russia’s economy is showing increasing signs of near-collapse. In this video, we’re taking a look at why Russian banks are struggling and how likely a full blown debt crisis is.

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Russian officials fear debt crisis
https://www.bloomberg.com/news/articles/2025-06-26/russian-banks-fear-debt-crisis-is-coming-as-war-strains-economy https://www.bloomberg.com/news/articles/2025-06-04/putin-s-war-economy-roars-ahead-and-the-rest-of-russia-struggles
https://www.themoscowtimes.com/2025/07/10/does-russias-economy-have-a-debt-problem-a89708
https://www.france24.com/en/live-news/20250620-russian-government-central-bank-spar-over-economic-downturn

Non-performing loans rise
http://www.forecast.ru/_ARCHIVE/Analitics/Soln/nep2025_%D0%B3.pdf

Inflation
https://tradingeconomics.com/russia/inflation-cpi

Rise in loans to defence related firms
https://adamtooze.substack.com/p/chartbook-345-a-house-of-cards-russias
https://www.forbes.ru/biznes/536293-minenergo-sprognozirovalo-rost-zadolzennosti-ugol-noj-otrasli-do-1-5-trln-rublej

Risk of depositor flight
https://www.moscowtimes.ru/2025/04/30/v-rossii-rezko-virosla-veroyatnost-begstva-vkladchikov-a162556

Russia’s fiscal space
https://www.osw.waw.pl/en/publikacje/osw-commentary/2024-11-22/russias-budget-2025-war-above-all
https://www.rbc.ru/finances/03/07/2025/686660fc9a79470e35945e1c

00:00 – Introduction
01:01 – Context
02:01 – Reasons Why
05:26 – What Next?
07:50 – Sponsored Content

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