Russian Economy Bled Out!
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Russian Economy Bled Out!
Russia is on the verge of a financial crisis similar to 1998, EU Sanctions Envoy David O'Sullivan said.
Four years of sanctions have had a "significant impact" on Russia, which is stumbling into a recession and experiencing major problems with public finances.
At the same time, Russian banks hold bad loans from financing the military economy, which borrowers cannot service.
#AureFreePress #RussiaMore at @Free_Press

-
Russian Economy Bled Out!
Russia is on the verge of a financial crisis similar to 1998, EU Sanctions Envoy David O'Sullivan said.
Four years of sanctions have had a "significant impact" on Russia, which is stumbling into a recession and experiencing major problems with public finances.
At the same time, Russian banks hold bad loans from financing the military economy, which borrowers cannot service.
#AureFreePress #RussiaMore at @Free_Press

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