Western countries’ sanctions once morest Russia over the Ukraine war are leaving their mark. The country is threatened with default for the first time since 1998, and even the first default on foreign currency debt since the Russian revolution in 1917.
Russian bonds may not be repaid soon.
The war of aggression in Ukraine and the subsequent sanctions imposed by Western countries have had massive economic consequences for Russia. The country is now threatened with national bankruptcy. In this context, financial market experts are looking forward to what will happen on Wednesday, March 16th. Then interest payments of 117 million dollars will be due to investors on two dollar bonds from the debtor Russia.
