Russia nearing first foreign default in over a century
If investors won't receive their payments by the Sunday night deadline, there will be an “event of default” on Monday morning, according to the bond documents.
Russian President Vladimir Putin attends a meeting of the executive board of the General Procurator's Office in Moscow, Russia April 25, 2022.(photo credit: Sputnik/Valery Sharifulin/Pool via REUTERS)ByROMAN MEITAV
