The statement comes as one of the starkest consequences to date of Moscow’s exclusion from the Western financial system since President Vladimir Putin’s invasion of Ukraine. If Moscow is declared in default, it would mark Russia’s first major default on foreign bonds
According to the reports, Moscow is due to pay $117 million (£89 million) in interest on two dollar-denominated sovereign bonds it sold in 2013. Top market experts believe that a grace period, allowing Russia another 30 days to make the payment, could
Kremlin on the brink of overseas debt default despite claiming they have made a £90m payment By Mark Shapland For The Daily Mail Published: 18:05 EDT, 16 March 2022 | Updated: 18:26 EDT, 16 March 2022 Moscow was last night on the
Russia set for ‘monumental’ debt default: Moscow to miss overseas interest payments for first time since 1918 By Mark Shapland For The Daily Mail Published: 18:48 EDT, 15 March 2022 | Updated: 18:48 EDT, 15 March 2022 Russia could today default on
Last week, the World Bank’s chief economist, Carmen Reinhart, warned that Russia was “mightily close” to defaulting on their debt. The next instalment of payments on two dollar-denominated bonds is due on Wednesday, March 16, though a 30-day grace period will follow,
Russia will soon be unable to pay its debts after the invasion of Ukraine caused its economy to tank, a leading credit ratings agency warned yesterday. Fitch Ratings said a default from the Kremlin was ‘imminent’, meaning investors who have bought Russian