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Morgan Stanley predicts Venezuela-style default in Russia by mid-spring.

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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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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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The Kyiv Independent staff documented what it feels like to live and sleep in Kyiv, Ukraine, as Russia intensifies its drone and missile attacks on the city. Filmed over several weeks in June and July, our journalists take shelter in bathrooms, basements, and parking garages as explosions ring out overhead.

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