Russia Faces Wave of Corporate Bankruptcies This Autumn, Industry Chief Warns

Alexander Shokhin, chairman of the Russian Union of Industrialists and Entrepreneurs (RSPP), has warned that Russian businesses face a wave of bankruptcies as early as autumn 2025 if the central bank does not cut its key interest rate. He described the economic situation as dire, noting that even Kremlin-aligned business figures are now sounding the alarm. The warning signals growing pressure on Russia's war-strained economy.

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