Russian consumer lending ready to take off

[pms]

> It offered Russians hungry to buy fridges, cookers and electronic goods
> 5,000-150,000 rouble credits for up to 12 months at 35-45 percent annual
> interest. The bank asks for a 20 percent down payment and two
> identification documents.

Fresh meat for capital.

 
> "It is all so good now that oil prices are so high and everyone has a
> well-paid job, but look what will happen if oil stays at $15 for a year,"
> Zabotkine said.
>

$15 a barrel and a bucket of blood more like it.