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BBC: Russia's debt deadline approaches threathening default.

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Russia is on the verge of debt default - the first one since 1998 - if the country fails a June 26 deadline to make its $100 million interest payment. Although BBC reports that Russia has the funds and is willing to pay, it cannot transfer the money to international creditors due to sanctions.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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"I don't know if it’s gonna affect Russia, because he (Russian President Vladimir Putin) wants to obviously probably keep the war going, but we're gonna put tariffs and various things," U.S. President Donald Trump said.

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