Sensational News from the Central Bank: Russian Banks Are Hiding Their Problems
The Russian banking system is increasingly raising alarm bells. A representative of the Central Bank of the Russian Federation has openly stated for the first time that banks are massively underreporting the scale of problem loans, restructuring the debts of unprofitable companies and concealing real risks.
The banking system has officially entered a stage of hidden agony. However, the reality cannot be hidden: the second-largest state-owned bank, VTB, having exhausted its infusions from the National Welfare Fund, is forced to launch an unprecedented additional share issue of 570 billion rubles in the hopes of finding "suckers" in the market and artificially creating a paper profit.
00:00 - Start
00:12 - Central Bank uncovers large-scale banking fraud
05:11 - VTB plans to attract additional capital
10:39 - Samolet shares continue to fall
13:25 - Rosstat projects industrial growth
16:58 - Decline in petroleum product output Fuel Crisis in Russia
8:55 PM - Transneft Announces "Non-Critical" Oil Transfer Situation
10:00 PM - Tuapse Continues to Clean Up Aftermath of Attack a Month Later
11:56 PM - End
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