Russian economy is an 'illusion' built on debt, and a banking crisis will explode, intel report says
· fortune.com
The intelligence report estimated that 10% of Russia's corporate loans may not be repaid, while 15% of retail loans at some top banks may be non-performing.
An energy crisis is already ravaging Russia’s economy, and a banking crisis may soon erupt as a mountain of debt weighs on consumers and businesses.
Accordin...