The situation certainly did not look that way two months ago.
The economic situation in Russia was not looking good at the time.
But the situation looked like it might be safe enough.
From the top of the bank at least, the situation did not look that bad.
There followed a few years when the situation looked bright.
In categories 3, 4 and 7 the situation looks better, but still not good.
That is how the situation has looked for more than two years.
If a few big countries set a bad example, the situation does not look very good.
Has there been any discussion about this, and how does the situation look?
The situation still looked quite different a few months ago!