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Because of the economic sanctions imposed against the Russian Federation in connection with the military operation in Ukraine, the Russian economy is threatened with a default, reports Reuters, citing the conclusion of JPMorgan analysts.
As noted, in March, Russia must redeem government bonds worth more than $700 million. Theoretically, the country has enough reserves to cover debts, experts suggest, but the freezing of some assets and other measures could have a significant impact on its solvency.
Earlier, a Russian expert argued that the Russian authorities have a significant amount of reserves, despite their partial blocking by Western countries, and the probability of default on public debt is now “extremely low.”
Recall, on February 24, Russian President Vladimir Putin made an emergency appeal to the Russians and announced a special military operation in the Donbass. In his speech, he stated that “circumstances require decisive action from Russia” and stressed that “Russia will not allow Ukraine to have nuclear weapons.” In response to Russia’s actions, Western countries (USA, Canada, European Union, Great Britain, Japan) announced new, tougher sanctions against the Russian Federation, including financial and economic ones.
You can follow the chronicle of events in connection with the situation in Ukraine here.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
