Russia is likely to soon default on its debts, warns leading ratings agency warns
A leading ratings agency has warned Russia is likely to soon default on its debts, as it downgraded the country's bonds further into "junk" territory.
The announcement from Fitch came after the US and UK said they will ban Russian oil, as they step up the economic response to the invasion of Ukraine.Meanwhile, the European Union said it will end its reliance on Russian gas. "The actual possibility of making such payments to non-residents will depend on the limiting measures introduced by foreign states in relation to the Russian Federation," the finance ministry said in a statement.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ukraine war: Thousands held by police after anti-war protests across RussiaThe Kremlin says police 'liberated' a Moscow square by detaining people demonstrating against the military operation in Ukraine.
Read more »
Russia-Ukraine war: Zelenskiy vows to punish attack on civilians in Irpin; Russia bombards Mykolaiv – liveAnger at attacks on civilians by Russian forces as defence ministry in Moscow says the military will offer safe passage to Russia and Belarus
Read more »
Ukraine war 'catastrophic for global food'One of the world's biggest fertiliser firms says the conflict could deliver a shock to food supplies.
Read more »
Ukraine war: PM to hold talks with world leaders on further sanctionsBoris Johnson is to meet the Canadian and Dutch PMs, as MPs debate new laws targeting oligarchs.
Read more »
Ukraine war: 'God will not forgive', Zelensky says as civilians killedPresident Zelesnky, speaking on the Orthodox holiday of Forgiveness Sunday, said that there will be no forgiveness for Russian troops targeting civilians who will instead face 'a day of judgement'.
Read more »