WoE: Russia's Looming Bond Default
On May 25 a US sanctions exemption expires that could make it impossible for Russia to pay its debt obligations in foreign exchange.
If that happens then Russia could be forced to default on its foreign debt for the first time since the Bolshevik Revolution. What would that mean for Russia’s future? Can the Kremlin avoid default if the exemption expires?
bne IntelliNews’ editor-in-chief Ben Aris talks to Maximilian Hess
Maximillian Hess - Analyst at the Foreign Policy Research Institute and an expert on Russian bonds
Maximilian Hess is a Central Asia Fellow in the Eurasia Program at the Foreign Policy Research Institute. Max is the former head of political risk at Hawthorn Advisors and former head of research and intelligence at AKE International. He is a graduate of Franklin & Marshall College and SOAS, University of London. His research focuses on the relationship between trade, debt, international relations and foreign policy, as well the overlap between political and economic networks.
Watch it on YouTube here: https://www.youtube.com/watch?
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