Geopolitics

Could Russia's Wartime Debt Boom Trigger a Banking Crisis? - The Moscow Times

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DW NOTE

Russia is running a wartime economy on borrowed money while sanctioned off from global capital markets. The question isn't whether that ends in a banking crisis — it's whether the state lets it happen or nationalises the losses first. Moscow has form: it will print before it defaults domestically.

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For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

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