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externalFitch: Russia ruble payment of USD coupons would be a sovereign default.

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March 16, 2022 2:07 pmby The Kyiv Independent news desk

Credit ratings agency Fitch said that if Russia were to make two US dollar bond coupon payments due Wednesday in rubles, it would constitute a sovereign default after a grace period expiration. Russia's invasion of Ukraine triggered sanctions from across the world that have limited Moscow's ability to access and allocate cash.

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