April 20, 2022
Russia tips into default...or does it?
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.
More from CNAS
-
Are the 301 Tariffs Really About Forced Labor? with Josh Kagan
Podcast
Josh Kagan joins Emily and Geoff to give the big picture behind recent U.S. tariffs related to forced labor, as well as providing an insider’s view on the future of trade and ...
By Emily Kilcrease & Geoffrey Gertz
-
Trump’s Replacement Tariffs Will Have Unintended Consequences for USMCA
Commentary
Ultimately, this is a choice between two models of economic leadership. One relies on rules, predictability, and partnership. The other leans on discretion, leverage, and shor...
By Emily Kilcrease
-
U.S. Inflation Picks Up to 3 Year High, Eroding Paychecks
Video
Chris Kennedy, Bloomberg Economics lead for economic statecraft and adjunct senior fellow at the Center for a New American Security, breaks down the state of negotiations betw...
By Chris Kennedy
-
Ziemba: U.S. Strategic Reserves Lowest in Over 40 Years
Video
Oil prices rose after fresh US and Iranian strikes in the Gulf. President Donald Trump blamed Tehran for shooting down an American military helicopter off the coast of Oman. R...
By Rachel Ziemba
