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 detail growing concerns about the health of the financial sector, and look at how the cumulative impact of sanctions is weighing on many parts of the economy.
Banks under pressure from credit crisis
The rise in the level of unpaid consumer loans at Russian banks is hard not to notice. The central bank has fueled worries by proposing stricter requirements on consumer loan applications. Is a crisis on the horizon?
