Skip to content
Markets
Economics

Russia’s First Default in a Century Looks All But Inevitable Now

  • Government breached the terms on dollar bonds this week
  • U.S., EU imposed tough sanctions because of Ukraine invasion
A foreign currency exchange bureau in Moscow. 

A foreign currency exchange bureau in Moscow. 

Source; Bloomberg

Sign up here to get the latest updates on the Russian invasion of Ukraine. You can also follow us on Telegram here.

Russia’s first external default in a century now looks all but inevitable after another brutal week for the country’s finances.