Russia Five-Year Default Risk Jumps to 87.7% After U.S. Ban
- Treasury decided to halt Russian debt payments from U.S. banks
- Probability of default of 77.7% on Monday, CMA data show
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The price of insuring Russia’s debt against default jumped on Tuesday signaling an 87.7% chance that the country will miss its debt obligations within five years, according to CMA, part of ICE Data Services.
The probability of default rose from 77.7% on Monday after the Treasury decided to halt dollar debt payments from U.S. bank accounts, and is up from 24.1% when the invasion of Ukraine started on Feb. 24, the data show.