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BIZARRE: 2 - You Need To See This

Ukraine war: Russia defaults on foreign debt for first time Since 1918

Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.

The Times of India

Russia offers foreign debt payment system similar to gas one

Russia says it will use an arrangement similar to that used for payments for its gas supplies to pay its dollar-denominated foreign debts

The Independent UK

Latest Ukraine updates: Putin warns West against arming Kyiv

Ukraine news from May 28: French and German leaders urge Putin to hold ‘serious negotiations’ with Zelenskyy.

Al Jazeera

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Russia needs huge financial resources for military operation - finance minister

Russia needs huge financial resources for its military operation in Ukraine, Finance Minister Anton Siluanov said on Friday, putting the amount of budget stimulus for the economy at 8 trillion roubles ($120 billion).

Reuters

Officials walk out of G20 meeting over Russia’s participation

US, Canadian and British officials leave Group of 20 meeting in Washington as Russian delegates speak, UK minister says.

Al Jazeera

Yellen, Powell walk out of G20 meeting during Russian minister's speech

Yellen and Powell were joined by other delegates, including ECB head Christine Lagarde.

Axios

Delegate protests over Russia to upstage G20 meeting

Western nations are preparing to stage coordinated walk-outs and other diplomatic snubs to protest against Russia's invasion of Ukraine at Wednesday's meeting of G20 finance ministers in Washington, their officials said.

Reuters

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Russia to spend over $32.3 billion to support economy under sanctions

Russia plans to spend over 2.5 trillion roubles ($32.3 billion) on supporting its economy that has been targeted by unprecedented western sanctions, Finance Minister Anton Siluanov said on Tuesday.

Reuters

Russia asks Brazil to help keep sway at IMF, World Bank

Russia has asked Brazil for support in the International Monetary Fund, the World Bank and the G20 group of top economies to help it counter crippling sanctions imposed by the West since it invaded Ukraine, according to a letter seen by Reuters.

Reuters

Russian finance minister to attend G20 meeting virtually, Indonesia says

G20 host Indonesia said on Thursday Russian Finance Minister Anton Siluanov had confirmed he plans to attend virtually next week's meeting of finance ministers and central bank governors from the Group of 20 major economies.

Reuters

Kremlin will take legal action if Russia pushed into default, minister threatens

Sanctions are designed to make it difficult for Russia to make sovereign debt payments to foreign investors

The Guardian - UK

Russia to halt bond sales, threatens legal action over default

Russia will halt bond sales for the rest of the year and take legal action if sanctions force it into a default on its debt, according to the country’s finance minister.

Bangkok Post

Russia’s first default in a century looks all but inevitable now

Russia’s first external default in a century now looks all but inevitable after another brutal week for the country’s finances.

Tribune News Service

Russia to use yuan from its forex reserves, finance minister says

Russia will use Chinese yuan from its foreign exchange reserves after Western sanctions blocked Moscow's access to the U.S. dollars and euros in the reserves, Finance Minister Anton Siluanov said on Monday.

Reuters

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The Guardian - UK

Russia threatens to pay external debt in roubles; Ukraine’s GDP ‘could shrink 35%’; UK petrol to surge – as it happened

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