Alva Review-Courier -

EXPLAINER: What would a Russian bond default mean?

 

March 16, 2022



Ratings agencies say Russia is on the verge of defaulting on government bonds following its invasion of Ukraine, with billions of dollars owed to foreigners. That prospect recalls memories of a 1998 default by Moscow that helped fuel financial disruption worldwide.

The possibility has become more than market speculation after the head of the International Monetary Fund, Kristalina Georgieva, conceded that a Russian default is no longer an "improbable event."

A look at possible consequences from a Russian default:

WHY ARE PEOPLE SAYING RUSSIA IS LIKELY TO DEFAULT?

On Wednesday, Russia faces...



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