What it means for Russia to default on its debt
CNN
Russia is barreling toward a default on its foreign debt payments, threatening to plunge its economy deeper into crisis.
Defaults are murky territory in global economics, and Russia's situation is complicated by its growing isolation under the unprecedented sanctions imposed on it by Western powers.
For those of us who slept through their Intro to Macroeconomics class in college, let's unpack just what we mean when talk about this historic (and still potential) Russian default.
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