Russia defaults on foreign debt for first time since 1917 revolution

PUTINSISTERS…

Russia’s efforts to avoid what would be its first major default on international bonds since the Bolshevik revolution more than a century ago hit a insurmountable roadblock in late May when the US treasury department’s office of foreign assets c (OFAC) effectively blocked Moscow from making payments.

https://www.theguardian.com/world/2022/jun/27/russia-defaults-on-foreign-debt-for-first-time-since-1917-revolution-reports