The number of officially registered personal bankruptcies in Russia has soared over the past year amid a deepening economic crisis, with more than 500,000 citizens declared insolvent, according to Ukraine’s Foreign Intelligence Service.
Sverdlovsk region ranked among the top five regions with the highest number of bankruptcies in 2025. Cases involving court-ordered asset sales jumped nearly 28% year over year.
By absolute numbers, the region even outpaced St. Petersburg, where more than 20,000 bankruptcies were recorded. Moscow, the Moscow region and Krasnodar Krai also remain near the top of the list - areas with heavy household debt burdens.
Nationwide, the picture is starker: court-declared personal bankruptcies rose by more than 31% in 2025, approaching 568,000 cases. Economists link the surge to falling real incomes, rising prices and accumulated household debt.
Ukraine’s intelligence service says official claims of “economic stability” from Russian authorities are at odds with the financial reality facing citizens. Tellingly, more than 97% of bankruptcy cases are initiated by the debtors themselves—an acknowledgment they can no longer service their loans.
