(MENAFN- UkrinForm) According to Ukrinform, this was reported on Telegram by the Center for Countering Disinformation (CCD) under Ukraine's National Security and Defense Council.

“Russian businesses are in their worst financial condition since the start of the full-scale war. In September, companies spent a record 39% of their profits on loan interest. Over the past two years, debt burdens have more than tripled,” the statement reads.

The Center noted that corporate profits in Russia are declining: in the first eight months of the year, net financial results dropped by 8.3%, while losses increased by 30%. The total volume of loans and bonds reached 99.3 trillion rubles (approximately $1.2 trillion). Against this backdrop, industrial profitability has fallen to levels seen during the COVID crisis.

Read also: Silicon factories shut down in Russia due to war - CCD

Since the Russian economy shifted toward a wartime footing, civilian sectors have lost access to affordable capital, while high interest rates are“draining” profits. The most severely affected sectors include construction, automotive manufacturing, timber processing, and services.

The Center also emphasized that industrial stagnation, falling domestic demand, and unsustainable debt burdens are combining to push Russia into a deepening economic crisis - a trend that will only intensify as the war continues.

As previously reported by Ukrinform, the Russian Central Bank has recorded capital outflows from the banking system for five consecutive months.

Photo credit: freepik

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