The Russian government has blamed economic sanctions by the West for creating “artificial barriers” that prevent it from making the payments.
, citing unnamed sources, reported some of the bond’s Taiwanese holders did not receive the interest payments even as the deadline passed, indicating a default.that prevent it from making the payments despite it having the money to do so.that the impact of the default will largely be symbolic and Russia is unlikely to face the need to raise additional foreign debt anytime in the near future due to the international sanctions and massive incoming revenue from oil and gas exports.
Declarations of foreign debt defaults are usually made by global rating agencies like Moody's, Fitch and S&P, however, sanctions have forced all three to suspend the issuance of ratings for Russian entities.the default reports, saying: “Current statements about the default are out of touch [with the reality] at all. This is the default of Western countries before themselves. We have money.
France Dernières Nouvelles, France Actualités
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