Russia forced its banks to fund the war—now the bill is coming due
First top-10 bank posts losses as bad debt breaches crisis threshold.
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Russian central bank
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Ukrainians pour record savings into banks as real returns turn positive (INFOGRAPHIC)
Deposits hit a record 1.36 trillion hryvnias in November. In Russia, similar rates are squeezing the civilian economy.
UK intel: Russia struggles to curb inflation as bankruptcies likely to surge
Russia’s ruble rises to 81 per dollar, but inflation hits 10.1%, deepening fiscal strain as energy revenues shrink in ruble terms, per UK intelligence.
ISW: Economic limitations will likely hinder Kremlin’s fight against demographic decline
Regional initiatives to boost Russia's population through maternity payments confront economic limitations, with the Central Bank defending high interest rates.
Norway’s wealth fund can sell off its Russian stocks
Norway's finance ministry granted its $1.8 trillion wealth fund permission to sell Russian stocks if transactions comply with international sanctions.
ISW: Putin claims GDP grew 4.1% in 2024 as cash savings hit historical low
Amid concerns over inflation, the Russian Central Bank is contemplating a 25% interest rate hike, signaling economic challenges despite Putin’s claims of growth.
Reuters: EU plans stricter Russian sanctions enforcement amid Trump comeback concerns
European officials are developing mechanisms to ensure long-term Russian sanctions effectiveness, preparing for possible US policy shifts under a potential Trump presidency.