Sanctions lead Russia to the first non-payment of foreign debt since 1918
Russia is on the verge of defaulting on its foreign currency sovereign debt after bondholders report that the Kremlin failed to make two payments on Sunday afternoon, according to the Wall Street Journal. Why it is important: this is the foreseeable result of the sanctions imposed due to the invasion of Ukraine, even though Russia …
Sanctions lead Russia to the first non-payment of foreign debt since 1918 Read More »