The West is doing its best to cripple Russia's economy with sanctions, but the Kremlin is still making good on its debt
"There have been questions about the ability and willingness to pay on the part of the Russian government, but this is all happening within the context of sanctions," Hassan Malik, an expert in the Russian finance system and a senior sovereign analyst at Boston-based investment management consultancy Loomis Sayles, told Insider.
"The fact is that from the very beginning we have said that Russia has all the necessary funds and potential to prevent a default — there can be no defaults," Kremlin spokesman Dmitry Peskov said on March 17, perRussia has so far been able to meet all its debt obligations, and it could be because aThe impact on the world's financial systems would be limited, as Russia doesn't have extensive financial links globally, Insider'sThe country's foreign debts are also pretty...
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