4 things Russia could do as default looms
CNN
Harsh sanctions against Russia following its invasion of Ukraine are fueling a moment of deep uncertainty for financial markets. And while the full effects of efforts to punish the world's 11th biggest economy remain unknown, a crucial moment has arrived.
What's happening: Russia could start the clock Wednesday on its first international debt default since the Bolshevik revolution. Investors have warned that this outcome — unthinkable just a few months ago — could rattle the financial system in unexpected ways.
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