I'm curious as to whether borrowers can 'walk away' from loans, letting the lenders take the collateral assets (whatever was used to secure the loan; e.g. the house in a mortgage).
In China, if someone defaults on a mortgage, the bank takes the property, but the borrower STILL owes the money (IMO major reason the finance sector in China hasn't collapsed with the real estate bubble). If / when they stop paying, they lose 'social credit', which could impact a lot of things (whether their kids can go to school, even whether they can use the transit system).
In the US, the lender gets the property and the borrower owes nothing (but takes a hit on his/her credit rating - which affects their borrowing going forward).
In Russia... I have no idea. Do you (or does anyone) know?
I suspect it matters, thinking through the ramifications...
If it's like the US, it could end up like 2007 on steroids; if it's like China - and those borrowers are soldiers home from the front it could spark an armed uprising.