‘New Normal’ in Russia Leaves Bad Consumer Debt at Record High

  • U.S.-based credit scorer says 16% of Russian accounts overdue
  • FICO’s Credit Health Index remains near worst level on record

Customers walk past Luxury retail units inside a department store in Moscow.

Photographer: Andrey Rudakov/Bloomberg

Russian banks are trapped in the “new normal” of bad consumer debt languishing at a record high.

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