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

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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

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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Seaborne crude flows averaged 3.12 million barrels a day over the four weeks to July 6, a 3% decline from the previous period ending June 29, according to tanker-tracking data compiled by Bloomberg. That's the lowest level recorded since the four-week period ending Feb. 23.

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