Sanctions push Russia close to its first foreign debt default since the revolution

Russia is poised to default on its foreign debt for the first time since 1918, pushed into law enforcement not because of a lack of money but because of Western sanctions over its invasion of Ukraine.

Russia will likely miss payments on two foreign-currency bonds late Sunday, according to bondholders who have yet to see the money deposited. This date marks the end of a 30-day grace period from when the country is due to pay the equivalent of $100 million and euros to bondholders.

https://www.wsj.com/articles/sanctions-push-russia-near-first-foreign-default-since-bolshevik-revolution-11656248212?mod=rss_markets_main Sanctions push Russia close to its first foreign debt default since the revolution

Luke Plunkett

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