Earlier this week, US media released a statement from JPMorgan Chase chief executive James Dimon, who said the banking crisis in the United States is not over yet and will have long-term consequences.
“This cannot be called a full-fledged banking crisis, as only two banks collapsed in the United States in one month, while depositors lost nothing and no emergency measures had to be taken. Nevertheless, the serious problems accumulated which will have weak risk control in medium-sized banks like BSV, which collapsed a month ago,” said Anton Tabakh, chief economist at the agency Expert RA rating.
Under current conditions, the US banking crisis, if it occurs, could have an impact on Russia through a slowdown in the global economy and lower prices for Russian exports, in addition, in the event of a panic, as a rule , the demand for cash in dollars increases sharply, which leads to its strengthening against the main currencies, including the yuan and, consequently, against the ruble. With very limited ties between the Russian and US banking systems due to sanctions and counter-sanctions, the direct impact is minimal, Tabakh believes.
