April 20, 2022

Russia tips into default...or does it?

By Elina Ribakova

The United States and its partners have put a ton of economic pressure on Russia through sanctions that have essentially locked its economy from participating in many global markets. Because a large share of Russia's assets are frozen in foreign banks around the world, it's all the more likely that Russia will experience its first foreign debt default since 1918.

Elina Ribakova joins NPR's The Indicator from Planet Money to explore the contributing factors behind Russia's possible debt default, what its creditors can do, and why the possibility of default might not be as clear-cut as expected.

Listen to the full interview from NPR.

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