5-Russian-rubles_Alexandra-SavichevaChris Weston
Russian banking: up to its ears in arrears
The release of the Russian second quarter GDP figures showing a 4.4 percent decline were enough of a surprise to those who had not expected quite so dramatic a fall, but a closer look at Russia`s financial sector would tend to reinforce perceptions that the country might be headed for a far deeper recession than has so far been forecast. More…