Russian banks run out of money to cover budget deficit
#Russian #banks currently have no free rouble liquidity to buy federal loan bonds, which #Russia's Ministry of Finance uses to cover the budget #deficit.Banks' #money is urgently needed by the budget, which ended the first half of the year with a deficit of RUB 5.7 trillion (US$72 billion) and faced overspending on the #war in #Ukraine.
Today, banks only have funds to lend to clients – that is their core business. Federal loan bonds can be bought when you have free liquidity and are confident in it, especially if there is no significant premium. Today, the situation is the opposite
pravda.com.ua/eng/news/2026/08…
#bankrupt #RussianAggression #RussiaBankrupt
Russian banks run out of money to cover budget deficit
Наразі російські банки не мають вільної рублевої ліквідності для купівлі облігацій федеральної позики (ОФП), якими Міністерство фінансів Росії покриває дефіцит бюджету.Semen Ruban (Ukrainska Pravda)
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