Russian official cautions that a banking crisis may occur due to nonpayments. ‘I hope we won’t have to consider a continuation of the war or an escalation.’
Strains on Russia’s Financial System Amid Ukrainian Conflict As the war between Russia and Ukraine seems to be nearing its end after four years, there are growing concerns about the stability of Russia’s financial system. This weekend, the White House is trying to initiate peace discussions with Ukrainian President Volodymyr Zelenskiy, who is expected to […]