off-the-books method of financing

off-the-books method of financing

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purchase of government bonds as in Soviet times. This occurs already in the business world. Russian banks are required to extend credits to defense industries that may never be repaid. This off-the-books method of financing the war fuels inflation and could wreck Russia’s banking system if defense firms default on loans when government contracts end. Besides this, Russia faces another macroeconomic challenge if low oil prices persist. Russia’s Ministry of Economic Development estimatesthat the price of Urals crude oil could fall to $56 a barrel in 2025. This will further stress Russia’s state budget because it is based on estimated revenues of Russian crude being sold at $69 a barrel. Whether it is engaged in war or peace, the Kremlin faces risks of economic stagnation สล็อตเว็บตรง