Russia averts default on foreign dollar-denominated bond payments
19 March 2022 |
6:02 pm
The Russian government made a $117 million interest payment to foreign bondholders on Wednesday, averting what would have been its first foreign debt default since the Bolshevik Party shocked Western investors in 1918 by refusing to repay the borrowings of Czar Nicholas II.
Related
Related
3 days ago
Riot police fired tear gas and used pepper spray to disperse protesters who had gathered outside parliament where lawmakers were debating a 'foreign agents' bill that could undermine the country's ambition to join EU
2 days ago
The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.
2 days ago
The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight.
1 day ago
The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.
2 days ago
The number of foreign direct investment projects in Europe fell 4 percent in 2023 compared to the previous year, the first decline since the pandemic.
2 days ago
China's minister of commerce is in Europe for a week-long trip, with a focus on pushing back against accusations of unfair state subsidies in the Chinese electric vehicle sector.
Latest
39 mins ago
Can fashion transform reality, or is it more a question of how the real world influences fashion? Dior's response lies in a deeply feminist collection, inspired by the Swinging Sixties, when Marc Bohan was at the helm of the label.
1 hour ago
Taiwan's Defense Ministry said on Friday that a number of Chinese military planes crossed the median line in the Taiwan Strait.
1 hour ago
Campaigning for June's European Parliament elections has begun. According to the latest survey, German voters are showing little interest.
2 hours ago
The senior leader of India's opposition Congress party is set to contest the Lok Sabha national elections from his family's legacy seat. Gandhi is also seeking reelection from Wayanad in the south.
2 hours ago
With Sudan devastated by the civil war that started in 2023, the country's biggest football club, Al Hilal Sports Club, announced they will play in Tanzania next season.
2 hours ago
It’s been a week where the midnight oil was burnt in Britain at a late night session of the House of Lords where the controversial Rwanda bill was finally passed - two years since it was proposed. PM Rishi Sunak says the plan to fly migrants to Africa will be the solution to, what’s become his mantra, “stop the boats”
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.