Can Russia pay its creditors, and what happens if not?

March 16, 2022 11:49 AM

LONDON (REUTERS) – Russia is due to pay US$117 million (S$160 million) in interest on two US dollar-denominated sovereign bonds on Wednesday (March 16) – the first such payments since its invasion of Ukraine which sparked a raft of sanctions from Western capitals and countermeasures from Moscow.

Source : https://www.straitstimes.com/business/economy/can-russia-pay-its-creditors-and-what-happens-if-not