Wartime debts drag Russian businesses down
Hello! Welcome to your weekly guide to the Russian economy, written by Alexander Kolyandr and Alexandra Prokopenko and and brought to you by The Bell. This week we look at how the Kremlin may have the upper hand on the battlefield, but at home its top companies are struggling with the costs of the war.
Corporate debt pile shows economic toll of war
While the world follows the drama around the latest US peace plan, the main obstacle to agreeing an end to the war remains Vladimir Putin. Judging by his comments this week, he is not about to accept any ceasefire that falls short of delivering Moscow total victory. The Kremlin believes it is winning the fight on the ground. But on the economic front at home, the situation is much more complicated. The Bell looks at how Russia’s biggest companies are finding it ever harder to service their debts.
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