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Russian Bad Debt Crisis - Joe Blogs
In this video I review the latest DEBT figures published by the Bank of Russia which show that there has been a huge increase Russian Debt taken out by companies and individuals since the start of the War in Ukraine. This is now causing problems in the economy as the Bank of Russia has increased the cost of borrowing 8 times since July 2023 and the official rate of interest is now 21%. The increase in borrowing costs has resulted in a large increase in the level of debt in arrears and the situation is likely to get worse which has serious implications for Russia and the Russian Economy.
Chapters:
0:00 Intro
1:38 RUSSIAN DEBT
3:14 DEBT COSTS
8:56 INTEREST RATES
9:42 INTEREST COSTS
11:28 WAGES
13:13 RUBLE
14:28 BAD DEBTS
15:51 SUMMARY & CONCLUSION
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