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Fitch: Russia ruble payment of USD coupons would be a sovereign default.

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Credit ratings agency Fitch said that if Russia were to make two US dollar bond coupon payments due Wednesday in rubles, it would constitute a sovereign default after a grace period expiration. Russia's invasion of Ukraine triggered sanctions from across the world that have limited Moscow's ability to access and allocate cash.

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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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The committee was created by order of Lidia Izovitova, head of the association. Izovitova has faced criticism for allegedly being a protégé of pro-Kremlin politician Viktor Medvedchuk. Izovitova's tenure as head of the association ended in 2022, and she has been accused of holding her position illegally.

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The International Paralympic Committee barred Ukraine’s Paralympic team from wearing their ceremonial uniform for the upcoming Winter Games, saying the design featuring a map of Ukraine was political, according to National Paralympic Committee President Valerii Sushkevych.

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