Russia's Hidden War Debt Creates a Looming Credit Crisis

The Moscow Times

The Moscow Times

Summary

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Vladimir Putin is reportedly considering proposals to freeze Russian bank accounts and introduce food rationing in an attempt to prevent an economic collapse.
Daily Express
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The money belongs to the Russian Central Bank and was initially frozen three years ago after Russia invaded Ukraine.
CNN
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The Biden administration is working to persuade European countries to support transferring approximately US$300 billion of frozen Russian central bank assets to an account that would only be unlocked as part of a peace agreement.
Ukrainska Pravda
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Craig Kennedy, a former Morgan Stanley investment banker, has described how the Russian state requires banks to issue preferential loans to military firms that are making President Vladimir Putin's war effort in Ukraine possible.
Newsweek

■ Story #348 ▪

issue 88:88 ▪

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updated 88:88

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