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Morgan Stanley predicts Venezuela-style default in Russia by mid-spring.
This item is part of our running news digest
March 8, 2022 12:31 am
The New York-based investment firm’s Vice President Simon Waever sees default possible as soon as April 15. Investors have already valued the country's next year's bonds at about 29 cents on the US dollar, the lowest figure in history according to data collected by Bloomberg.
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