Thread: Russia raises key interest rate to 17% amid rouble decline
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Old 12-16-2014, 08:31 PM  
Barry-xlovecam
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Russia may not be able to service its foreign debt of $670 Billion and default;

Quote:
["O]ur deepest fear has been ? and still is ? that putting Mr. Putin in a 'nothing-to-lose' situation removes any constraint he might have had against reneging on his foreign debt obligations, which Russian borrowers probably cannot pay off or service now," writes Carl Weinberg, chief economist at High Frequency Economics. Foreign lenders would have to brace for $670 billion in losses. ...

INO.com News - Fallout from troubled Russia risks triggering default and increased aggression in Ukraine
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