Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Via AP news wire

EXPLAINER: What's the impact of a Russian debt default?

Russia United States Bonds Ukraine Bolshevik revolution
Copyright 2022 The Associated Press. All rights reserved

Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine.

The country faces a Sunday night deadline to meet a 30-day grace period on interest payments originally due May 27. But it could take time to confirm a default.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Revere Family Artifacts Auction: Provenance drives $20,000 sale; bidders prize trade sign
In a fascinating find, items linked to Paul Revere's lineage were uncovered in the attic of a home in Canton. Among the artifacts were Joseph W. Revere's trade sign and various personal items. Initially estimated to fetch between $1,000 and $8,000, they surprised everyone by selling for $20,000, emphasizing their…
The Times of India
The Times of India
'Not a Chance': Guy Ritchie Reportedly Rejects Meghan Markle for The Gentlemen as Insiders Dismiss 'Publicity Boost'
Reports claim Guy Ritchie rejected Meghan Markle for a possible role in Netflix's The Gentlemen, although conflicting accounts say she may never have received a formal offer.
International Business Times UK
International Business Times UK
Check Your Pantry: These 10 Foods May Belong in the Refrigerator
A bottle of ketchup beside the stove or hot sauce tucked into a pantry cabinet might seem perfectly normal. But some everyday foods have storage instructions that change once you open them, and others benefit from refrigeration even when it isn’t strictly necessary. The confusion often comes from the difference…
Grocery Coupon Guide
Grocery Coupon Guide
Drew Barrymore: I don't know how to retire
Drew Barrymore has revealed she doesn't have strict retirement plans
BANG Premier
BANG Premier
What’s the Oldest Thing in Your House You Still Use Every Day?
The oldest thing in your house might not sit behind glass or carry a sentimental story. It could be the skillet you grab for eggs, the wooden spoon that has survived three kitchen remodels, or the desk lamp that somehow refuses to die.
Clever Dude
Clever Dude
7 Foods From Your ’80s Childhood That Aren’t Made the Same Way Anymore
If you grew up in the 1980s, you probably remember the bright orange macaroni and cheese, the sweet taste of your favorite soda, and snacks that seemed to make every afternoon better. Some of those familiar products are still available, but the versions on store shelves today may not be…
Grocery Coupon Guide
Grocery Coupon Guide
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play