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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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"There will be no oil, (Indian Prime Minister Narendra Modi is) not buying his oil from Russia, it started — you know, you can't do it immediately, it’s a little bit of a process, but the process is going to be over with soon," U.S. President Donald Trump said.

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