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Russian Railways defaulted on Eurobonds

... to pay off Eurobonds due to the 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 ...

Head of the IMF admitted the possibility of default in Russia

According to IMF Managing Director Kristalina Georgieva, a default may soon occur in Russia. The reason for this may be the sanctions imposed on the country against the backdrop of events in Ukraine. However, Georgieva stressed out that she had no intention of speculating on this topic. Earlier, the International Monetary Fund approved ...

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