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Is Russia on the Verge of a Banking Crisis? - William Spaniel
Recently, there has been an influx of content regarding Russia hiding war debt inside of private banks. In short, the suspicion is that the Kremlin has forced banks to take on risky loans to prop up the military industry. This video looks into the origin of the claim, why Russia might pursue such a strategy, and exactly where the cracks in the system would lie.
Original source: https://navigatingrussia.substack.com...
0:00 Russia's Hidden War Debt
0:47 The Origin of the Bank Theory
4:39 Russia's Debt Strategy
8:34 Where Russia's Economic Instability Lies