Russian Banks Post Record $25Bln First Half Loss
Russia’s banking sector lost 1.5 trillion rubles ($24.8 billion) in the first half of 2022, a top Central Bank official said Friday. This is the first time the Central Bank has disclosed financial results since Moscow invaded Ukraine in February. “The loss-making banks lost 1.9 trillion rubles and profit-making banks made 400 billion rubles,” Dmitry…