Russia may default

1 min read
Russia may default

Russia is in danger of default after failing to make coupon payments to Taiwanese investors.

Russia may default

Some Taiwanese investors noted that Russia has failed to make interest payments on its eurobonds with a due date of May 27. The 30-day grace period for payments expired yesterday evening.

According to two sources, Russia is expected to default for the first time in more than a century due to external factors.

By May 27, Russia was supposed to make coupon payments totaling about $100 million, including $29 million for RU234748670= bonds due 2036 and $71 million for RU000A0JWHA4= bonds due 2026.

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