Russia may have to spend more than $40 billion (R455bn) this year to avert a banking crisis, as the growing likelihood of a sharp recession threatens to pile extra costs on a sector suffering from Western sanctions over Ukraine and a plunge in the rouble. |||
Russia may have to spend more than $40 billion (R455bn) this year to avert a banking crisis, as the growing likelihood of a sharp recession threatens to pile extra costs on a sector suffering from Western sanctions over Ukraine and a plunge in the rouble.Russian banks are seeing a deterioration …read more
Source: Independent Online
