Ukraine: The Latest cover image

EU threatens Russia with Oil embargo & performing stand-up comedy in a Kyiv bomb shelter

Ukraine: The Latest

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Russia Dodged Its First Foreign Debt Default

Russia appears to have dodged its first foreign debt default in a century. Default is essentially bankruptcy in insimplified terms, but also harms the country's future reputation. It makes it harder and more expensive for them to then tap into markets in the future. But as it stands, russia has avoidedDefault will be closely watched over coming weeks.

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