russians are drowning in debt
The cost of loans in russia’s largest banks has increased, now ranging from 29% to 44%, depending on the bank. This is due to a high key interest rate and a growing number of unpaid loans.
russians are taking out consumer loans with extremely high interest rates but are unable to repay them. As a result, banks, in an effort to secure their profits, are further increasing loan costs.
Not only consumer loans have become problematic—mortgage loans are also in crisis. In 2024, russians’ mortgage debt reached 3.9 billion rubles (over $44 million). Compared to the previous year, this debt has tripled.
The russian regime will continue sacrificing the well-being of its own people to sustain its war of aggression against Ukraine.
