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submitted 20 hours ago* (last edited 15 hours ago) by LaFinlandia@sopuli.xyz to c/ukraine@sopuli.xyz
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[-] ManixT@lemmy.world 5 points 7 hours ago

That might be part of it, but they're one of the largest debtors in russia, with billions owes to banks.

Their bankruptcy will cause a cascading effect with banks failing. Classic case of "if I owe the bank a thousand dollars, that's my problem, if I owe them a million, that's their problem". There are already signs that russian banks are facing insolvency issues.

this post was submitted on 03 Aug 2026
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