Investors believe this would be the first time that a major emerging market country is forced into a bond default through geopolitics rather than empty coffers.
Investors believe this would be the first time that a major emerging market country is forced into a bond default through geopolitics rather than empty coffers.
Russia moved closer to defaulting on its international debts on Wednesday when it paid dollar bondholders with roubles. It also stated that it will continue to do this as long