Ukraine LIVE: Drone attack which hit Russian bombers 'will go down in history' - Zelensky

Russia’s economy is edging closer to crisis as analysts warn of growing risks in the banking sector, faltering growth, and suspended dividend payouts, it has been claimed.

The Kremlin-linked Centre for Macroeconomic Analysis and Short-Term Forecasting (CMASF) has flagged a rising threat of a “systemic banking crisis” involving bank runs, bad loans, or major recapitalisations. While none of these triggers have materialised yet, the CMASF said the risk level is escalating, with increased volatility on the Moscow Exchange seen as a warning sign.

Liquidity pressures are mounting across the sector, with experts warning of potential “cash gaps” as the money supply struggles to keep up with demand.

Despite the economy’s earlier resilience under sanctions, President Vladimir Putin’s war spending is now fuelling inflation and labour shortages, raising fresh fears of a deeper collapse.