A new report from the Kremlin-linked Center for Macroeconomic Analysis and Short-Term Forecasting, or CMASF, is raising concerns about a potential banking crisis in Russia. 🚨 There are growing fears of a bank run, where people rush to withdraw their money. The bank's risks are climbing too, with non-performing loans threatening to exceed 10% of all loans. To make matters worse, experts suggest the banks might need massive recapitalizations that could hit more than 2% of the country’s GDP—yikes! 📉 This week, we saw Russia’s stock market, known as MOEX, experience some serious ups and downs. The CMASF says this volatility reflects increasing public anxiety and uncertainty about the economy. Adding fuel to the fire, former President Donald Trump has been making headlines with threats of new sanctions against Russia, ramping up pressure on the banking system. Putin’s increased military spending is right now contributing to inflation and labor shortages, as many evade the draft. 💰 In April, the Bank of Russia raised its key interest rate to a staggering 21% to combat inflation, currently at 10.2%. This could stifle lending and investment even further. So, while we haven’t officially hit a banking crisis yet, the warning signs are piling up, and things could escalate quickly if we’re not careful! 🤔