Russian Banks Are Facing Most Of The War's Cost. A New Intelligence Report Says It Could Have 'Explosive' Consequences

Russia could face an "explosive" banking crisis because lenders have to take on a significant part of the country's war economy, according to a new report. (Credit: Getty Images)

Russia could face an "explosive" banking crisis if lenders, which have to take on a significant part of the country's war economy, face further Western sanctions, according to a new report.

Citing an intelligence report from a European state, Reuters detailed that Moscow could be vulnerable to new measures of the kind given the precarious state of the country's banks.