Russia has defaulted on its international bonds for the first time in more than a century, the White House and Moody’s said, amid large-scale sanctions have effectively cut the country off from the global financial system,
KYIV. UkraineGate. 28. June . 2022 | Economy .
Earlier, some bondholders said they did not receive overdue interest on Monday after the key payment expired on Sunday.
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Later Monday, Moody’s credit agency said the missed coupon payment was a default.
“Further defaults on coupon payments are likely,” Moody’s analysts write.
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the Kremlin, which has money to pay for oil and gas revenues, has rejected the claims and accused the West of leading it to artificial default.
Source: Ukrgate
