Ukraine Latest: Russia Closer to Default; Soros Sees an EU Edge

WATCH: US President Joe Biden said Russia’s invasion of Ukraine appears to be aimed at obliterating the culture of its neighbor.Source: Bloomberg

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By Bloomberg News

May 24, 2022 at 7:31 AM UTC

Updated on

May 25, 2022 at 5:38 AM UTC

This article is for subscribers only.

Russia will be pushed closer to a potential default after the US Treasury said it would let a key sanctions waiver benefiting American investors expire.

Billionaire George Soros said he believes that Europe is in a stronger position than it thinks when it comes to dealing with Russian President Vladimir Putin.