Putin's Peril: Credit Boom in Russia Leaves Citizens Drowning in Debt! | The Gaze

#thegaze #Putin #CreditBoom #RussiaDebt Credit boom in Russia. At the end of the third quarter, the volume of microloans issued reached a historic record of almost 350 billion roubles. It is noteworthy that Russians often take new loans to pay off their current ones. Although experts call this trend threatening, President Vladimir Putin praises microcredit organisations. During his press conference he said that they work well and help citizens. Our journalists reveal how Putin’s war against Ukraine made Russians much more poor and insolvent.