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Consumer debt risk becomes Russian political dilemma

Location:

RUSSIA

Rising consumer debt in Russia.

Developing Kazakhstan's middle class will be priority

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KAZAKHSTAN

The company is trying to attract more middle-class Kazakhstanis to undertake foreign travel, having announced on April 1 the start of a new economy sleeper class route from Astana…

Russian banks face another tough year in 2023

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RUSSIA

Banking-sector stability is vital for the functioning of the Russian economy: bank credit is facilitating economic restructuring. Although the sector withstood the first impact of…

Russia's top bank leads sector revolution

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RUSSIA

The expansion into retail reflects the transition of state-controlled Sberbank, Russia's largest bank from financial institution into a digital 'ecosystem' rebranded as Sber. Its…

India will keep tight control over wheat exports

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INDIA

Delhi last month banned wheat exports except in cases where letters of credit for shipments have already been issued and where foreign governments request supplies to help meet…

Prospects for Turkey in 2021

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PROSPECTS 2021

Fiscal and monetary stimuli and a policy-induced credit boom have combined with the broad normalisation of social life to contain COVID-19's impact on economic output. However…

Russian economic gloom belied by benign debt outlook

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RUSSIA

Russia's foreign and domestic debt position.

Russia will brace for further tough US sanctions

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RUSSIA

Sanctions announced by the US Treasury on April 6 have had a deeper effect than Moscow probably anticipated. The impact has been hardest on Oleg Deripaska's group of companies…

Russian banking's horizons narrowed by sanctions

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RUSSIA

Cut off from international financial markets, Russian banks are struggling to make cross-border payments and domestic lending is greatly curtailed. The CBR believes the sector is…

Russia will need to tighten corporate loan policies

Location:

RUSSIA

Debt restructuring was offered to good and bad companies alike. This indiscriminate approach delayed insolvency that would otherwise have overtaken 'zombie' companies.