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Will Russia default on its foreign debt for first time in more than 100 years?
Russia faces a payment deadline for two international bonds today – worth $117 million – but it's unclear whether Moscow will be able to pay. The finance ministry has said its ability to make foreign payments has been hampered by sanctions. If Russia is unable to make the payments within a 30-day grace period, it will face its first default on international debt in more than a century. Also today, two fuel depots in western France have been blockaded in protest at high prices.
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By FRANCE 24 English
5
44 ratings
Russia faces a payment deadline for two international bonds today – worth $117 million – but it's unclear whether Moscow will be able to pay. The finance ministry has said its ability to make foreign payments has been hampered by sanctions. If Russia is unable to make the payments within a 30-day grace period, it will face its first default on international debt in more than a century. Also today, two fuel depots in western France have been blockaded in protest at high prices.
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