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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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