Kremlin Struggles as Top Companies Sink Into Historic Debt Levels

The record debts of three Russian state giants are threatening the stability of the country's economy.

The Gaze reports on it, referring to the Center for Countering Disinformation on Telegram.

Russian companies Gazprom, Rosneft, and Russian Railways have accumulated more than 12 trillion rubles in debt, a record high in history.

The main reasons are a drop in export revenues due to sanctions, limited access to external financial markets, and rising debt servicing costs due to high interest rates.

Large debts make corporations dependent on state support, but the government's resources are limited due to the huge costs of the war.

Small and medium-sized businesses find themselves in an even more difficult situation: loans are becoming unavailable, markets are shrinking, and the state is unable to provide assistance.

These are no longer local problems for companies, but a sign of a systemic economic crisis exacerbated by the war.

“It's not just about the financial difficulties of particular companies — it's a sign of a systemic crisis caused by the war. If the Kremlin doesn't stop the war, the situation will only get worse,” the report says.

As The Gaze informed earlier, the UK has imposed new sanctions on Russian oil companies Lukoil and Rosneft, as well as 51 tankers in the shadow fleet, to limit the Kremlin's revenues and increase energy pressure on Russia.