Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Foreign Affairs

Yo_Mama_Been_Loggin

(107,972 posts) Sat Jun 25, 2022, 08:55 PM Jun 2022

8

Russia on brink of default as debt deadline looms

Russia is on the brink of its first debt default since 1998 as the Sunday deadline to make a $100m interest payment seems certain to be missed.

Russia has the money and is willing to pay, but sanctions make it impossible to get the payments to international creditors.

The Kremlin has been determined to avoid a first default since 1998, and a major blow to the nation's prestige.

The Russian finance minister branded the situation "a farce".

https://www.msn.com/en-us/news/world/russia-on-brink-of-default-as-debt-deadline-looms/ar-AAYS3ul

1 replies

= new reply since forum marked as read

Highlight:

Russia on brink of default as debt deadline looms (Original Post) Yo_Mama_Been_Loggin Jun 2022 OP

Some fine tuning would seem to be in order here. Frasier Balzov Jun 2022 #1

Frasier Balzov

(2,647 posts)

1. Some fine tuning would seem to be in order here.

Reply to Yo_Mama_Been_Loggin (Original post)

Sat Jun 25, 2022, 09:02 PM

Jun 2022

Money leaving Russia is a desirable thing as long as it's not receiving goods or services in exchange.

Reply to this discussion

Latest Discussions»Issue Forums»Foreign Affairs»Russia on brink of defaul...