An international debt committee announced on Tuesday that Russia had failed to make payments on its sovereign bonds on May 19, triggering derivatives contracts for investors betting Moscow will default on its external debt for the first time since 1917.
Russia's $40 billion in international bonds and the chance of a default have become the focus of global financial markets since it was hit with sanctions.
By Rodrigo Campos and Davide Barbuscia NEW YORK (Reuters) - Russia may have averted default as it announced it had made several overdue payments in do.
Russia Swerves To Avoid Default: What Is Next? thewall.fyi - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewall.fyi Daily Mail and Mail on Sunday newspapers.
Russia's $40 billion of international bonds have become the focus of a game of financial chicken amid sweeping Western sanctions over Moscow's invasion of Ukraine.