If sanctions force Russia into a historic default, bondholders could be in for a messy web of legal, financial and political wrangling.
UK & USA send long-range rockets to target Putin’s war machine
Britain and America will send long-range weapons to Ukraine in an attempt to stem the tide of war in Ukraine’s east, despite warnings that it will only last for a
Millions of UK homes warned of winter blackouts
If the Kremlin cuts off gas supplies to Europe, electricity could be reduced.
Russia is on the brink of a unique type of debt crisis
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.
After Kyiv closes major transit route, Russian gas to Europe via Ukraine drops by 25%
The Russian gas flow to Europe via Ukraine dropped by 25% on Wednesday, after Kyiv stopped using a major transit route. This was the first time that exports via Ukraine
Ukraine halting key Russian gas transport to Europe, blames Moscow
On Tuesday, Ukraine announced that it would suspend gas flow through the transit point. It claimed the transit point delivers nearly a third of the fuel from Russia to Europe
Russia acknowledges its economic collapse due to Putin’s war
According to the Finance Ministry, Russia is experiencing its worst economic crisis in nearly three decades.
Russia Banned from Using U.K. Accountants, Consultants, and PR
As Foreign Secretary Liz Truss announced that Russia was barred from having access to U.K. accountants, management consultants and public relations firms, she also announced another tranche of sanctions in
Russia stops gas supplies to Poland and Bulgaria
Gazprom, a Russian energy company, said Wednesday that it had stopped gas supplies to Bulgarian and Polish gas stations because they failed to pay gas in roubles. This is the
On day 51 of Putins 3 day war – Update
French President Emmanuel Macron is the latest to warn of a Russian attack on eastern Ukraine.
Russia close to default on its debt – Bondholders paid in roubles
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
Russia warns West: gas bills in roubles are just days away
LONDON (Reuters) -Russia warned the West on Friday that billing in roubles for billions of dollars of natural gas exports to Europe could be just days away, Moscow’s toughest response