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Lending is a political issue in Russia

Author

Listed:
  • Fungáčová, Zuzana
  • Solanko, Laura
  • Weill, Laurent

Abstract

We extend our previous work on bank lending around elections in Russia's electoral autocracy (Fungáécová et al., 2023) by considering the most recent data on bank lending and 2024 presidential election. Unlike the elections held between 2004 and 2019, our findings show no systematic evidence of increased bank lending ahead the 2024 presidential election. This reduced political interference in pre-election lending since the invasion of Ukraine in 2022 may reflect a tendency towards traditional autocracy in Russia.

Suggested Citation

  • Fungáčová, Zuzana & Solanko, Laura & Weill, Laurent, 2025. "Lending is a political issue in Russia," BOFIT Policy Briefs 12/2025, Bank of Finland Institute for Emerging Economies (BOFIT).
    • Handle: RePEc:zbw:bofitb:323945
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    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions

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