What does default mean for Russia? ...News

Russia Today - Economy
What does default mean for Russia?
Attempts to prevent Moscow from paying its foreign debt may undermine the Western financial system Western media are reporting that Russia is facing a default on its foreign debt for the first time since 1918. Moscow was forced to make interest payments on bonds in rubles after Washington blocked dollar payments. What is Russia’s reaction to default claims?Moscow has rejected the allegations and has accused Washington of trying to engineer an artificial default, explaining that the country is willing and able to service its foreign debt. The transition to ruble payments does not imply a debt default, Finance Mini

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