US sanctions push Russia into first foreign debt default since Bolshevik Revolution

US sanctions push Russia into first foreign debt default since Bolshevik Revolution

While the military war between Russia and Ukraine continues on, the financial war between the US and Russia reached a new level.

As last night a 30-day grace period on Russia’s foreign debt payments expired, which placed Russia in default. At least according to the western metrics, as interestingly enough, Russia is disputing that they have defaulted on their payments.

It sounds like a messy situation all around, with no easy answers in immediate sight.

But to find out more about the development, click to watch this brief video now!

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