Russian Debt Default ‘Priced-In’ by Investors But Risks Remain, ‘Butterfly Effect’ Could Impact Multiple Entities

Russian Debt Default ‘Priced-In’ by Investors But Risks Remain, ‘Butterfly Effect’ Could Impact Multiple Entities
An exterior view shows Russia's Central Bank headquarters in Moscow, on March 29, 2021. Maxim Shemetov/Reuters
Naveen Athrappully
Updated:

Russia’s attack on Ukraine and the resulting international sanctions have triggered fears of a potential debt default by Moscow, something which economist William Jackson says is unlikely.

A Russian default will likely be “symbolic” and not have any significant consequences within Russia or elsewhere, Jackson, the chief emerging markets economist at Capital Economics, said in a note.

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