Russia defaults on foreign debt for first time in a century
The last time Russia defaulted on its foreign debt was in 1918, during the Bolshevik Revolution.
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The last time Russia defaulted on its foreign debt was in 1918, during the Bolshevik Revolution.
Earlier, Bloomberg reported that Russia had technically defaulted on its foreign currency obligations for the first time since 1918, when the fledgling... 27.06.2022, Sputnik International
Moscow has reportedly missed a Sunday night deadline to pay interest payments, further alienating the country from the global financial system.
She said the government was introducing structural reforms in the country’s finance and revenue system to reduce the budget deficit.
Attempts to prevent Moscow from paying its foreign debt may undermine the Western financial system Western media is reporting that Russia