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

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June 27, 2022 7:04 amby The Kyiv Independent news desk

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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The Kyiv Independent news desk
Author:  The Kyiv Independent news desk
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