Lending conditions in Russia have tightened in recent months, but there is no sign yet that Western sanctions have led to a sharp drop in bank lending to the wider economy or a credit crunch on the scale of that experienced in 2008. That being said, with a large burden of external debt due to mature before the end of this year, credit conditions are likely to deteriorate further in the months ahead.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.