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Bloomberg: Sanctions push Russia to first foreign default since 1918.
This item is part of our running news digest
June 27, 2022 7:04 am
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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