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A report indicates that Russia could be on the verge of a banking crisis due to the financial impact of the ongoing war in Ukraine and Western sanctions. The Russian Economy Ministry has lowered its economic growth forecasts, while officials claim that vulnerabilities in the banking sector are manageable. Experts suggest that the situation may be more stable than the report implies.
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A report indicates that Russia could be on the verge of a banking crisis due to the financial impact of the ongoing war in Ukraine and Western sanctions. The Russian Economy Ministry has lowered its economic growth forecasts, while officials claim that vulnerabilities in the banking sector are manageable. Experts suggest that the situation may be more stable than the report implies.
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