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Russian Railways defaulted on Eurobonds

... sanctions applied against the company. This was the first event of this kind since the introduction of restrictive measures due to the situation in Ukraine. The incident was reported by Bloomberg , indicating that Russian Railways was declared in default due to non-payment of its obligations on time. The agency reports that this was due to Eurobonds that were issued two years earlier. Their value was fixed in Swiss francs, and in rubles amounted to about 22 billion rubles. In this situation, the payment under the mechanism of credit default swaps will be launched. It is a kind of insurance ...

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