Amongst all the propaganda on the internet screaming that Russia is bankrupt or its economy is collapsing, I notice that its coal industry is actually showing signs of collapse, as reported here:
The speaker says that 66% of Russian coal companies are making a loss, that loss expected to reach 4-5 billion USD this year. Unless the government/banks inject money to cover that loss, the companies involved will go bankrupt. If the government forces banks to finance companies losing money - which it might do - that just puts banks at risk. It is extremely unlikely that any loans they make will ever be repaid.
The speaker says that 66% of Russian coal companies are making a loss, that loss expected to reach 4-5 billion USD this year. Unless the government/banks inject money to cover that loss, the companies involved will go bankrupt. If the government forces banks to finance companies losing money - which it might do - that just puts banks at risk. It is extremely unlikely that any loans they make will ever be repaid.
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