In Russia, the volume of bank restructured loans to individuals and businesses since the end of February, when the Russian Federation started the war in Ukraine, has exceeded 9.5 trillion rubles. At the same time, 88% of this amount is the debts of large businesses. The scale of the revision of conditions on such loans has already surpassed the pandemic, the Central Bank of Russia reports..

It is clarified that banks made the largest concessions to large businesses affected by the consequences of sanctions and the crisis.. In the segment of large corporate loans, the scale of debt restructuring has already overtaken the pandemic crisis.

“We can say with confidence that there is no industry that has not been affected by the current crisis,” says Vladimir Teterin, senior director for banking ratings at the Expert RA agency..

He refers to the most vulnerable groups of borrowers from industries that were “stressed” even during the pandemic – travel, hotel, rental business and air carriers..

Loan restructuring - actions of the lender to change the terms of loan repayment.

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Earlier it was reported that in less than two weeks of August, Russian oil prices fell by 17%, due to falling prices on the world market.. For Russia, this trend is critical, because if it continues, then “the budget may turn from a surplus to a deficit until the end”.