The FINANCIAL — Moody’s ratings agency has confirmed that Russia defaulted on foreign debt for the first time in a century after bond holders did not receive $100m in interest payments. The missed payments follow a series of unprecedented Western sanctions that have increasingly isolated Russia following its invasion of Ukraine. Russia lost the last avenue to service its foreign-currency loans after the US removed an exemption last month that allowed US investors to receive Moscow’s payments. “On 27 June, holders of Russia’s sovereign debt had not received coupon payments on two eurobonds worth $100m by the time the 30-calendar-day…
Read More »
The FINANCIAL — Moody’s ratings agency has confirmed that Russia defaulted on foreign debt for the first time in a century after bond holders did not receive $100m in interest payments. The missed payments follow a series of unprecedented Western sanctions that have increasingly isolated Russia following its invasion of Ukraine. Russia lost the last…
You might be interested in
There is no excerpt because this is a protected post.…
There is no excerpt because this is a protected post.…
What is renters insurance? Renters insurance is a policy that provides coverage for damage to or loss of personal property.…
Small businesses face many risks, some of which have significant financial implications. If you’re not well prepared, you can be…