Ukraine war: Russia defaults on foreign debt for first time since 1918

For months, the country found paths around the penalties imposed after the Kremlin’s invasion of Ukraine. But at the end of the day on Sunday, the grace period on about $100 million of snared interest payments due May 27 expired, a deadline considered an event of default if missed.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hxQIW85
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