Russia defaults on Eurobonds - Moody’s

  28 June 2022    Read: 176
Russia defaults on Eurobonds - Moody’s

Moody's said that Russia had defaulted on its foreign debt obligations, according to a statement published on the agency’s website on Monday.

"On 27 June, holders of Russia's sovereign debt had not received coupon payments on two eurobonds worth $100 million by the time the 30-calendar-day grace period expired, which we consider an event of default under our definition," the statement said.

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