Dmitry Tulin, First Deputy Chairman of the Central Bank, disclosed the banking sector earnings on Friday - the first time Russia has done so since February.
While the Russian economy appeared to steady after an initial freefall, analysts say that the measures taken by Moscow have only served to paper over the cracks.
In 1918, Soviet revolutionary Leon Trotsky told Western creditors aghast at the Bolsheviks' repudiation of Russia's external debt: "Gentlemen, you were warned." He reminded them that the dismissal of Tsarist-era debt had been a key manifesto of the failed uprising in 1905. More than a century later, Russia stands on the brink of another default…
By Jorgelina do Rosario LONDON (Reuters) - In 1918, Soviet revolutionary Leon Trotsky told Western creditors aghast at the Bolsheviks' repudiation of .
Moscow missed the deadline to pay $100 million (£81.4m) in interest on two Eurobonds, one denominated in U.S. dollars and another euros, which had originally been due on May 27.