What impact would a Russian debt default have on global markets?
IMF head Kristalina Georgieva says a Russian default on its foreign debt is no longer an "improbable event."
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IMF head Kristalina Georgieva says a Russian default on its foreign debt is no longer an "improbable event."
Russia owes billions to foreigners in dollar-denominated bonds but might fail to pay up because of the heavy sanctions on it from the war on Ukraine.
Russia has the money but says it can't because of sanctions restricting banks and freezing its foreign currency. Read more at Boston.com.
Russia has the money but says it can't because of sanctions restricting banks and freezing its foreign currency. Read more at Boston.com.
Ratings agencies say Russia is on the verge of defaulting on government bonds following its invasion of Ukraine, with billions of dollars owed to foreigners. That prospect recalls memories of