Russia defaults on foreign debts: Moody’s
Russia defaults on foreign debts: Moody’s
According to the details, the credit rating company Moody’s has declared Russia as the default.
According to a report by a foreign news agency, Russia has defaulted on foreign loans for the first time in more than a century.
According to the report, Moscow did not repay the foreign loans even after the deadline. Russia had a deadline of May 27 for the amount of 100 million dollars owed, with a further concession of one month. It’s over now.
Russian officials say they are unable to send money to bondholders due to sanctions.
Post Comment