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Al Jazeera
Al Jazeera
World
Radmilla Suleymanova

INSANE: What happens if russia defaults on its debt | Vintage Vibes

A debt default could drive Russia’s few remaining foreign investors out of the country, further isolating it [File: Anton Vaganov/Reuters]

Russia’s economy is in dire straits and on Wednesday it faces its first payment on US dollar bonds since it invaded Ukraine last month.

Moscow is due to pay $117m in interest on two dollar-denominated sovereign bonds or risk defaulting on its debt.

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