Moscow’s International Business Centre in the Russian capital.  Western sanctions have placed severe restrictions on banks and their financial transactions with Russia. Photo: AFP
Moscow’s International Business Centre in the Russian capital. Western sanctions have placed severe restrictions on banks and their financial transactions with Russia. Photo: AFP
Ukraine war

Ukraine war: Sanctions-hit Russia teeters on brink of historic default

  • Ratings agencies say Russia is on the verge of defaulting on government bonds following its invasion of Ukraine
  • Western sanctions have placed severe restrictions on banks and their financial transactions with Russia

Moscow’s International Business Centre in the Russian capital.  Western sanctions have placed severe restrictions on banks and their financial transactions with Russia. Photo: AFP
Moscow’s International Business Centre in the Russian capital. Western sanctions have placed severe restrictions on banks and their financial transactions with Russia. Photo: AFP
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