More than 5 lakh people of Russia went bankrupt.Image Credit source: Getty Images
The war between America and Iran has once again started. After a few days of peace, tension has increased again between the two countries. Don't know where this tension that started last 4 months will end? Meanwhile, surprising figures have emerged from the ongoing war between Russia and Ukraine. In fact, the impact of the war is now clearly visible on Russia's economy.
Quoting a new European intelligence report, Al Jazeera has claimed that in the year 2025, more than 5 lakh people in Russia have declared themselves bankrupt. It has been said in the report that due to continuously increasing debt and huge government expenditure on war, the economic pressure on common people and banks is continuously increasing.
According to reports, the Russia-Ukraine war has entered its fourth year. Meanwhile, Russia's Ministry of Economic Development has reduced the country's GDP growth forecast for the year 2026 from 1.3% to only 0.4%. This means that Russia's economic pace is likely to be much slower than before. The report says that the government is continuously spending heavily on war. In such a situation, the responsibility of providing financial help to companies and common people has fallen on the banks. For this reason, in the last few years, banks also gave loans to a large number of people and companies whose risk of returning the money was high. The result of this is that now a large number of people are not able to repay their loans on time.
According to experts, Russian companies also have huge debts. However, a large number of these are from those companies which are associated with the defense industry. The possibility of repayment of such loan by the government is high, hence the possibility of immediate crisis on big banks is considered less. However, the situation is not easy for the common people. A large number of people are failing to repay loans, due to which cases of bankruptcy are continuously increasing. Despite this, many economists believe that at present there is no situation like collapse of the entire banking system in Russia. Russian banks are still making profits. According to the report, during 2024 and 2025, Russian banks earned profits of about 80 to 90 billion dollars. At the same time, the net profit of the banking sector in the first five months of this year has been more than 1.9 trillion rubles.
