What happens if Russia can’t pay its debts after western sanctions?
by Richard Partington Economics correspondent from Economics | The Guardian on (#5X00K)
World Bank's chief economist has warned Russia and Belarus are mightily close' to default
Russia is close to being unable to pay its debts amid sanctions imposed by the west after Vladimir Putin's invasion of Ukraine.
The World Bank's chief economist, Carmen Reinhart, warned on Thursday that Russia and its ally Belarus were mightily close" to default.
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