The housing market in Russia will die in the best case scenario. Construction and furniture manufacturing goes with it.
https://www.cbr.ru/press/pr/?file=638975243891812657macroprudential_limits.htm

The bank is tightening macroprudential rules to crush lending to 'risky borrowers' but what happens when many or even most borrowers are risky?

All other sectors are also at risk. There is already a credit crunch and a liquidity crisis and further increasing mandatory capital buffers exaggerates this and leads to Total Banking Death.

>>519630657
Exactly, well said. On top of that is mortgage lending. People took out trillions upon trillions of rubles worth of housing loans thinking that 'the good times' created by all that credit would last and they'd have the high salaries to afford servicing expensive housing loans forever.
Pidorussia has literally created their very own bespoke, miniaturised, version of this:
https://en.wikipedia.org/wiki/Subprime_mortgage_crisis

>>519618929
its ovier