Russia heading for default, says Moody’s

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Russia heading for default, says Moody’s
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Russia’s decision to repay foreign bondholders in roubles rather than dollars will result in the country’s first sovereign default in more than a century, the rating agency Moody’s has warned

rather than dollars this month will result in the country’s first sovereign default in more than a century if not corrected, the rating agency Moody’s has warned.

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