Russian Default ‘Extremely Likely’ as International Pressure Escalates

Russian Default ‘Extremely Likely’ as International Pressure Escalates
A Russian ruble coin in front of St. Basil Cathedral in central Moscow on Nov. 20, 2014. Alexander Nemenov/AFP/Getty Images
Andrew Moran
Updated:

The odds of Russia defaulting on its external debts are increasing the longer the war in Ukraine lasts, a broad array of organizations and analysts have said.

With the international community applying pressure on Moscow over its invasion of Ukraine, the national economy is poised to contract double digits, prompting the Kremlin to repeatedly employ extraordinary measures to cushion the blows from the economic fallout.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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