Russia default would have ‘limited’ global impact: IMF official

WASHINGTON: The consequences for the global financial system if Russia cannot pay its foreign debts are likely to be “limited,” a senior official at the International Monetary Fund said Tuesday. The United States and its allies have imposed tough financial sanctions on Russia in retaliation for its invasion of Ukraine, but Moscow so far has made debt payments. Still, concerns remain about its ability to … Continue reading Russia default would have ‘limited’ global impact: IMF official