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Benzinga
Benzinga
World
Robert Kuczmarski

Western Nations Force Russia To Default On Foreign Debt; Ruble Maintains 7-Year High

Russia United States Bolshevik revolution European Union Kremlin Wall Street Journal

As of late Sunday, Russia has defaulted on foreign debt, which has not occurred since 1918 during the Bolshevik Revolution.

What Happened: The Kremlin failed to make payments totaling $100 million in dollars and euros owed to bondholders, missing a 30-day grace period, according to a Monday Wall Street Journal report.

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