Russian tycoon warns about global debt levels ...News

Russia Today - Economy
Russian tycoon warns about global debt levels
source : Russia Today ( News ) () 37
Sanctioned businessman Oleg Deripaska says the situation “may well get out of control” One of Russia’s richest men has warned that a surge in global debt and rising interest rates will lead to an imbalance in the global financial system. Sanctioned businessman Oleg Deripaska made the comments on his Telegram channel on Monday. The record debt which global governments, households, financial corporates, and nonfinancial corporates owed exceeded $290 trillion last year, Deripaska claimed. The world’s leverage is at a higher level than pre-global-financial-crisis peaks, yet the demand for debt is likely to continue, a

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