Russia has been in an unprecedented financial situation for more than a century, right from 1918. The Russian state is in default. In any case, this is the analysis of the White House. Moscow has not returned the interest of 100 million dollars of bonds issued in euros and dollars, despite the expiration of the legal period of one month from the payment deadline.
Is this Monday, June 27, a historic turning point for Moscow, the beginning of a descent into financial hell? “These claims about Russia’s default are completely illegal.”“, Vladimir Putin’s stainless press spokesman Dmitry Peskov commented. It must be said that the circumstances of this default are specific. With nearly $100 billion in oil and gas revenues collected since the start of the war alone, and significant foreign exchange reserves (even if most are frozen abroad), Moscow has the financial wherewithal to pay off its debts…
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Source: Le Figaro
