RUSSIA edged closer to defaulting on its debts for the first time in decades today as a key deadline for interest payments arrived.
The City was braced for Moscow to fail to make payments on its government bonds for the first time since 1998.
Some $117 million of repayments are due today but Russia was widely expected to struggle after sanctions left hundreds of billions held by the Kremlin at overseas banks out of reach.
Carl Hammer, head of fixed income research at SEB, said: “Russia is under severe economic pressure and both domestic rules and sanctions from Western countries make payments in foreign currency more difficult.”
この記事は Evening Standard の March 16, 2022 版に掲載されています。
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この記事は Evening Standard の March 16, 2022 版に掲載されています。
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