Image credit: MSNBC
March 17, 2022
Ex Treasury official: Russian default now looks “inevitable”
Moscow is on the brink of the first foreign currency debt default in over a century. Michael Greenwald, a former Senior U.S. Treasury Department official, joins CNBC to discuss the implications of a default.
Watch the full interview from CNBC.
More from CNAS
-
Turkey’s economy will get ‘tighter and tougher,’ says advisory firm
Rachel Ziemba of Ziemba Insights says the governor of the Central Bank of Turkey is trying to front-load monetary policy adjustments in an effort to avoid making things worse....
By Rachel Ziemba
-
Unilever Mulling Over Whether It Will Leave Russia
The multinational company, Unilever, is deciding on the future of its business operations in Russia. This comes after new management has taken over. The World’s Marco Werman s...
By Rachel Ziemba
-
As China Tensions Bubble, a New Economic Weapon of Choice Has Emerged
The Russia export restrictions epitomize the highs and lows of this new regime....
By Daniel Silverberg & Elena McGovern
-
Is the oil market ready to say goodbye to King Dollar?
The G7-led coalition’s price cap imposed on Russian crude is set to be tested as oil prices rise. At the same time, the greenback’s supremacy in global oil trade is being chal...
By Rachel Ziemba