Russian corporate debt load hits Covid levels
Hello! Welcome to your weekly guide to the Russian economy, written by Alexander Kolyandr and Alexandra Prokopenko and brought to you by The Bell. This week we analyze new data on the growing debt pile at Russia’s largest companies — and why the Central Bank may be too optimistic on the risks.
Businesses face highest debt burden since pandemic
Despite a rising debt load comparable with the 2020 pandemic, Russia’s financial system remains stable — for now. But a recent Central Bank report and inflation figures reveal that the Iran war, high state spending and Ukrainian drone strikes post major threats to that picture.
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