The US will likely block Russian debt payments. On Wednesday, US Treasury Secretary Janet Yellen signaled that US officials would probably end up carving out a loophole in Western sanctions that have allowed Russia to continue making payments on i... #DebttoRussianBank #JanetYellen #RussiaDefault #SanctionsAgainstRussia
The war against Ukraine will damage Russia’s economy more than the 1998 default. As a result of the invasion of Ukraine, the Russian economy will shrink by 8% in 2022, compared with the 1998 default that cost the country a 5.4% reduction in GDP, reported the Fitch agency. In addi... #DefaultofRussianEconomy #RussiaDefault #RussianAgression
Fitch Ratings has warned of the threat of default by Russia. If Russia covers the coupon debt on two issues of bonds in rubles, the Fitch agency will declare a sovereign default on Russia’s obligations after 30 days. Russia is due to pay $117 million (€1... #DefaultofRussianAgressor #FitchRatings #RussiaDefault
Russia is one step away from default. Moody rating agency has changed Russia’s sovereign credit rating from B3 to Ca. In addition, Russia has been assigned a credit rating of Ca with a negative outlook. Liabilities with such a ratin... #Default #RussiaDefault #RussianFInancialCrisis
