Bloomberg: Russia's Economy Is Cracking Seriously

According to hvylya.net:

The Russian economy, which previously showed resilience to sanctions, is now showing serious signs of weakness, Bloomberg reports. The Central Bank of Russia has lowered its key interest rate by 2 percentage points, indicating a shift from fighting inflation to concerns about economic growth.

The Minister of Economy of the Russian Federation, Maxim Reshetnikov, announced that the country may fall into recession. This is confirmed by a sharp 30% decline in car sales in June and a general deterioration in business sentiment. Most industrial sectors are reporting a decrease in production in 2025, with some exceptions related to government contracts and defense.

According to exclusive information from Bloomberg, top managers of Russian banks are discussing the possibility of state rescue due to the deterioration of credit portfolio quality. The head of Sberbank, Herman Gref, warned of a rapid deterioration in credit portfolio quality due to the restructuring of company debts.

According to Bloomberg, a significant number of assets in the Russian Federation have been arrested over the past year, raising concerns among business leaders about a possible wave of nationalization. Sanctions have also severely impacted the coal and metallurgy industries, which could lead to a serious decline in production and exports.

Recent reports show that the Russian economy is facing significant difficulties. The decrease in the central bank's key rate, worsening business sentiment, and the possibility of recession indicate a serious crisis that may affect the banking sector and the country's industry.