11/4/2024 – Translated from Ukrainian via Google and OFP

Do you remember how the decline of the Chinese economy began? Evergrande, the largest construction company in the country, went bankrupt with debts of 210 billion dollars, but was able to pay them off. Other construction companies, some banks and many others flew into the whirlpool from its flooding. As a result, China has lost the engine of its economic development and is gradually sliding into the most severe crisis.

Next is the text in the original language

So, last week, Russia had its own Evergrande – the country’s largest construction company Samolet. Its shares have collapsed three times, the top management is selling shares faster than anyone at any price. Its debts are smaller – several hundred billion rubles, but still the Russian Federation and not China.

There is nothing to pay off debts to the Airplane. He built hundreds of houses in the hope of a flow of buyers with preferential mortgages. He did not build with his own money, but with borrowed money. Now the preferential mortgage has been canceled – the buyers instantly disappeared. And the rate of the Central Bank, raised to 21 percent, forces it to pay the banks absolutely horse interest on previously taken loans.

There is no realistic possibility to save the “Plane”. When it collapses, there will be deceived shareholders, and ruined banks, and a decline in metallurgy and the construction business. 

In addition, it now turns out that the financial position of the other players on the market is also very shaky. It is quite likely that already in the winter there will be bankruptcies of construction companies. This industry is in great danger now.

The Russian economy breathes incense. In 2025, it will begin to break and crumble in many directions at the same time.

It is necessary to hold out until this moment.

https://news.obozrevatel.com/ukr/russia/potribno-protrimatisya-rosijska-ekonomika-dihae-na-ladan.htm