Azernews.Az

Tuesday January 21 2025

Bloomberg says Russia defaults on its foreign-currency debt

27 June 2022 21:18 (UTC+04:00)
Bloomberg says Russia defaults on its foreign-currency debt

By Trend

Russia has defaulted on its foreign-currency sovereign debt, Bloomberg reported on Monday, Trend reports citing TASS.

With the grace periods on about $100 million of two Eurobond coupons expiring on Sunday, the default is Russia’s first since 1918, the agency said.

However, the default "is also mostly symbolic for now, and matters little to Russians" who Bloomberg said had been dealing with other problems faced by the country’s economy.

--

Follow us on Twitter @AzerNewsAz

Here we are to serve you with news right now. It does not cost much, but worth your attention.

Choose to support open, independent, quality journalism and subscribe on a monthly basis.

By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.

Subscribe

You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper

Thank you!

Loading...
Latest See more