Russian banks on the brink of collapse: preparing to urgently ask for money from the Kremlin

Russian banks are preparing to seek government assistance

According to hvylya.net: The largest Russian banks are already discussing the possibility of seeking government assistance - this news is reported by 'Hvylya' citing Bloomberg.

Reports of seeking assistance have emerged during discussions among leaders of major banks regarding the future situation with problematic loans.

According to the publication, at least three banks considered to be key to Russia's financial system have been contemplating the possibility of state assistance over the next 12 months.

If necessary, banks have coordinated the procedure for submitting a request for assistance to the Central Bank of Russia due to their loan portfolio showing worse performance than stated in official reports.

The Russian government advises banks to focus on restructuring loans

According to officials, the Russian banking system is currently stable, but some banks are looking towards potential state assistance. The Central Bank of Russia advised institutions to focus on loan restructuring instead of focusing on problematic debt.

A representative of the agency emphasizes that information about a potential crisis is quite limited, and much data remains behind the scenes. Therefore, the full picture may be distorted, and caution is required.

It has been reported that there is a significant decline in the number of ethnic Russians in the Russian Federation.