(Paul Goble – Window on Eurasia – Staunton, August 28, 2018) In the first quarter of 2018, Russian banks turned down 48 percent of applicants for loans and charged those who did get them higher rates than they otherwise might because the banks had no good way to ensure that they were only offering loans to those who would repay […]
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(Business New Europe – bne.eu – October 14, 2014) On paper, Russian companies have huge foreign debts, and no way of refinancing them because sanctions effectively close Western capital markets to Russian borrowers. But with much of Russian corporate foreign debt in fact hidden equity investments from offshore zones, the figures seem much worse than they are. International headlines are […]
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MOSCOW, October 7 (RIA Novosti) – Russia needs to establish a system of domestic credit and improve the efficiency of public administration, so that the economy could successfully develop amid Western sanctions, Russian Presidential Aide Sergei Glazyev said Tuesday. “If we want to survive the war that is being waged against Russia, we need to create an internal system of […]
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(Moscow News – themoscownews.com – Anastasia Matveyeva, Moskovskiye Novosti – March 18, 2013) Over the next few years, stagnation awaits the Russian economy, competitiveness of Russian producers will decline and the growth of incomes will slow down. This is the judgment of the consensus-prognosis for 2013-2014, published by the Center for Development at the Higher School of Economics. The economy […]
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