Russia, Belarus squarely in 'default territory' on billions in debt: World Bank

The specter of Russia defaulting on $40 billion of external bonds - its first major such default since the years following the 1917 Bolshevik revolution - has loomed large over markets since a raft of sanctions and countermeasures by Moscow have largely cut the country out of global financial markets.

from News-Economic Times https://ift.tt/NuCBQGM