‘This kind of growth cannot be sustained’ As inflation rises, payday loans are undermining the Russian economy and threatening a new crisis – Meduza
Inflation is rising in Russia. At the same time, banks are increasingly rejecting citizens’ requests for loans. As a result, Russians are increasingly turning to payday lenders to buy basic necessities like food and clothing — and that’s not good for the country’s economy. Reporters from the independent Russian newspaper Holod spoke to two economists … Read more