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Russia hidden war debt and a looming credit crisis

The article from MSN discusses Russia's escalating financial challenges due to its ongoing war efforts in Ukraine, which have led to a significant increase in hidden war debt. Despite official figures showing a decrease in public debt, the actual cost of the war, including military spending and economic sanctions, has pushed Russia towards a potential credit crisis. The war has not only strained Russia's budget but also led to a sharp decline in oil and gas revenues, traditionally a major source of income for the country. Furthermore, the article highlights the use of off-budget funds and loans from state-owned banks to finance the war, which are not reflected in the national debt statistics. This hidden debt, combined with international sanctions and a lack of access to global financial markets, could precipitate a financial crisis, as Russia struggles with rising costs, dwindling reserves, and an economy increasingly isolated from the global financial system.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/russia-hidden-war-debt-and-a-looming-credit-crisis/ar-BB1ro2t3 ]