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What happens if Russia defaults?

15 March 2022

4:15 AM

15 March 2022

4:15 AM

Well down the list of things to worry about as the ghastly Ukrainian tragedy unfolds is the high probability that the Russian government will stop paying its international debts. But this risk should certainly be somewhere on that list – as the fallout from past defaults has shown.

We have been here several times before.

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