Russia’s historic default: What next for the economy? | DW Business Special

Russia has defaulted on its foreign debt for the first time in a century. Moscow failed to pay $100 million in two government bonds before the 30-day grace period expired. So is this a sign of the devastating impact of international sanctions on Russia’s economy? Or is the Kremlin right to claim it isn’t a...

P.C. editor July 15, 2022

Russia’s historic default: What next for the economy? | DW Business Special

Russia has defaulted on its foreign debt for the first time in a century. Moscow failed to pay $100 million in two government bonds before the 30-day grace period expired. So is this a sign of the devastating impact of international sanctions on Russia’s economy? Or is the Kremlin right to claim it isn’t a true ‘default’? With the help of two experts, we answer these questions and more.