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Defaults for Dummies

The West forced Russia into its first foreign debt default since 1918. Armstrong economics believes there is no point to this. ....

United States , University Of Virginia , Mitu Gulati , Anton Siluanov , Federal Reserve , World War , Sovereign Debt Default , Middle East , Russian Finance Minister Anton Siluanov ,

Russia, in Default on Sovereign Debt, Blames US for Blocking Payments - New Delhi Times

For the first time since 1918, when Vladimir Lenin repudiated the debts of the former Russian Empire, Russia has defaulted on its sovereign debt. It did so by failing to make a payment of approximately $100 million in dollars and euros to bondholders.The default came about not because Russia is short of cash Vladimir… ....

United Kingdom , Vladimir Putin , Olaf Scholz , Vladimir Lenin , Mitu Gulati , Anton Siluanov , University Of Virginia , Russian Empire , Finance Minister Anton Siluanov , Bloomberg News , German Chancellor Olaf Scholz , White House , Associated Press ,