The rate of delinquency on credit card debt payments in Russia increased sharply in May, business daily Kommersant reported on Friday. Economists link the rise in overdue payments to the crisis period of 2022, when some Russians turned to credit cards to cover their expenses.

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Beijing has warned of ‘negative impacts’ as Kiev continues to target businesses that deal with Russia Beijing has demanded that Ukraine immediately remove all 14 Chinese companies from a list of businesses that Kiev has branded “international sponsors of war,” Reuters has reported.