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Keep an eye on Russia's imploding banks

07-02-2009 • Telegraph Blog

Russia is sinking into a swamp of bad loans. The scale of credit rot in the Russian banking system exposed by Fitch Ratings this week is truly staggering. The report is yet another cold douche to those betting that the BRICs (Brazil,Russia,India, and China)

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Keep an eye on Russia's imploding banks

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