this post was submitted on 05 Feb 2024
33 points (100.0% liked)

Україна Ukraine

708 readers
1 users here now

Все про Україну Everything about Ukraine

founded 1 year ago
33
Russian banks post record profits. Is war helping them? (kyivindependent.com)
submitted 9 months ago by [email protected] to c/[email protected]
5 comments fedilink hide all child comments
 

2022 heralded a new era for Russia’s banks. Increasingly isolated from the global economy and laden with heavy Western sanctions, the sector saw profits fall by 90 percent compared to 2021. For Russia’s technocrats, the future seemed dim. Then came 2023. Russia’s Central Bank announced last week

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 9 months ago

War is always good for financiers.