Jeffrey J Davis (@jeffreyjdavis.bsky.social)

Russia’s economy is an 'illusion' built on debt, and a banking crisis is ready to explode, intel report says, while the Kremlin may seize pensions | Fortune

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Russia’s economy is an 'illusion' built on debt, and a banking crisis is ready to explode, intel report says, while the Kremlin may seize pensions | Fortune The intelligence report estimated that 10% of Russia's corporate ⁠loans may not be repaid, while 15% of retail loans at some top banks may be non-performing. https://fortune.com/2026/07/12/russian-economy-debt-banking-crisis-pension-fund-seizure-budget-deficit-ukraine-war/?utm_source=flipboard&utm_content=fortune/magazine/Personal+finance