Russian real estate in peril as third of developers face bankruptcy

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Nearly one third of real estate developers in Russia could soon be facing bankruptcy, in part due to sanctions stemming from Moscow's invasion of Ukraine, according to an assessment by Kyiv. Russia's housing sector is a bellwether for the country' broader economy, which has been buffeted by sanctions, worker shortages and high interest rates. The construction sector is a major employer and its decline threatens to ripple across the rest of the...