/biz/: Bank run starting in Russia
• VTB is facing a liquidity crunch due to Wildberries' mounting debt and logistical disruptions from drone strikes.
• Russian government bonds are experiencing cancelled auctions and yields over 15%, indicating tightening liquidity and yuan shortages.
• Banking balance sheets are state secrets but show doubled sizes with ~10% distressed debt, pointing to imminent inflation and state sector consolidation.
• Monitoring VTB stock, MOEX ETFs, and Sberbank provides early indicators of the broader Russian banking sector's health.
By @alphakek | X | Buy $AIKEK | v1.2723