Russia faces a wave of corporate bankruptcies and defaults

01.11 22:23 | Category Economics

Experts warn that for part of the market, an increase in the key rate could become a “significant test.” In their opinion, it will “provoke bankruptcies and defaults” among overlendered companies.

Earlier, the head of Rostec, Sergei Chemezov, said that a high key rate is “a brake on industrial growth” and a risk for enterprises to become bankrupt.

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