Analysis |
Putin Once Said That 'Great Powers Pay Their Debts.' Now He Can't Pay His
Moscow’s efforts to repay bondholders were tripped up by Western sanctions. But if there’s a global debt crisis on the horizon, it’s going to start somewhere else
Very little that Russia has said since it invaded Ukraine three months ago stands the test of truth, but Finance Minister Anton Siluanov did have a point when he called his country’s default on its debt “artificial.”
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