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Bloomberg: Sanctions push Russia to first foreign default since 1918.

by The Kyiv Independent news desk June 27, 2022 7:04 AM 1 min read
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Russia has defaulted on its foreign-currency sovereign debt for the first time in a century due to punitive Western sanctions imposed for its full-scale invasion of Ukraine. June 26 marked the expiry of a 30-day grace period for the payment of around $100 million to investors.

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Russia records worst-ever ranking in key corruption index.

Transparency International highlighted that Russia's full-scale invasion of Ukraine has further entrenched authoritarianism, with the Kremlin suppressing dissent, redirecting resources to its military agenda, and eliminating independent voices.
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