Russia and #39;s economy, kept alive by debt: 890 billion euros - bank loans in 2024

The Russian economy has come to function almost exclusively through bank debt, shows a large analysis of the banking system published yesterday by the daily Kommersant, given that the Kremlin ordered that 40% of the state budget be directed to financing the war in Ukraine.

Aug 27, 2025 - 01:30
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The Russian economy has come to function almost exclusively through bank debt, shows a large analysis of the banking system published yesterday by the daily Kommersant, given that the Kremlin ordered that 40% of the state budget be directed to financing the war in Ukraine.

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