Banks in Russia to Get Bail-In Support from Depositors and Government
Russia is recovering from a slew of sanctions imposed by the Western nations for annexing Ukraine. In addition to a number of restrictions on import and export of goods from the country, Russia is also plagued by dropping oil prices. Being one of the leading oil suppliers in Europe, the fall in international oil prices has directly impacted the country’s revenues. As expected many Russian banks are in trouble due to decline in deposits and minimum liquidity. Many banks, in order to maintain the minimum liquidity and to offset bad credits have liquidated their assets, putting themselves on....
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