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Morgan Stanley predicts Venezuela-style default in Russia by mid-spring.

by The Kyiv Independent news desk March 8, 2022 12:31 AM 1 min read
This audio is created with AI assistance

The New York-based investment firm’s Vice President Simon Waever sees default possible as soon as April 15. Investors have already valued the country's next year's bonds at about 29 cents on the US dollar, the lowest figure in history according to data collected by Bloomberg.

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