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Sberbank chiefs: Russian banks lack roubles to buy Kremlin's war bonds
📈 Business

Sberbank chiefs: Russian banks lack roubles to buy Kremlin's war bonds

Senior Sberbank executives — from Russia's largest bank — are openly admitting that domestic banks lack the roubles needed to purchase the government bonds Moscow is using to plug a growing budget deficit. The shortfall is widening because the war is consuming an ever-larger share of public funds. Meanwhile, rumours circulating in Russia's regions point to deteriorating public sentiment.

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