Easy credit poses tough challenge for Russian economy
18 August 2019; AFP: New machines popping up in Russian shopping centres seem innocuous enough -- users insert their passport and receive a small loan in a matter of minutes.
But the devices, which dispense credit in Saint Petersburg malls at a sky-high annual rate of 365 percent, are another sign of a credit boom that has authorities worried.
- Read more about Easy credit poses tough challenge for Russian economy
- Log in or register to post comments