** Russia Faces Wave of Bankruptcies as Borrowing Costs Skyrocket

The Russian economy is bracing for a potential wave of bankruptcies, with borrowing costs soaring and companies struggling to refinance debts. The Central Bank's aggressive interest rate hikes have led to a surge in borrowing costs, making it increasingly difficult for businesses to stay afloat.

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Source: https://www.themoscowtimes.com/2024/11/11/russia-faces-a-wave-of-bankruptcies-as-borrowing-costs-skyrocket-a86981