Write For Us

Why Russia can't service its debt | DW News

Sponsored Post Vitamin D2 Canada Persia
66 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
It's perhaps the toughest sanction the West has levied against Russia: Around 70 percent of its banks and financial institutions have been cut off from SWIFT – the system used by banks to send money across borders.

Many banks in the US, the EU and the UK have given loans to Russian firms, who can now no longer service them. It's unclear exactly how much banks have loaned to Russian companies, but experts put the number in the tens of billions of euros.

Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1

For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch

#Russia #Sanctions #SWIFT
Category
Europe
Tags
russia ukraine, ukraine invasion, ukraine war
Sign in or sign up to post comments.
Be the first to comment