Russia escapes default for now, but reckoning nears
A combination of Western sanctions and Russian capital controls make a default near-inevitable, one way or another
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In this article
- Foreign debt default risk
- Switch to rubles
- US exemption
- Domestic bond default risk
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This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.
