Russia Teeters on Sovereign Default Due to Western Sanctions over Ukraine Invasion
Posted on 06/02/2022
Russia committed a “failure to pay” credit event when it missed a US$ 1.9 million interest payment on one of its sovereign bonds in April 2022, according to the Credit Derivatives Determinations Committee. Credit Suisse, Goldman Sachs, JPMorgan Chase, and Barclays were among the financial institutions that voted to confirm a “failure to pay” event.…
