West pushes Russia into its first foreign debt default since 1918

West pushes Russia into its first foreign debt default since 1918

Following reports that Moscow had failed to pay about $100 million in interest on two bonds during a 30-day grace period that expired Sunday, the White House said the default showed the power of Western sanctions imposed on Russia since it invaded Ukraine. “This morning’s news around the finding of Russia’s default, for the first …

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