Morgan Stanley Says Russia’s Set for Venezuela-Style Default

Sharing is Caring!

www.bloombergquint.com/business/morgan-stanley-sees-russia-set-for-venezuela-style-debt-default

The odds of Russia making its foreign debt payments are diminishing as bond prices fall, recession in the nation looms and various payment restrictions pile up after the invasion of Ukraine, according to Morgan Stanley & Co.

“We see a default as the most likely scenario,” Simon Waever, the firm’s global head of emerging-market sovereign credit strategy, wrote in a Monday note. “In case of default, it is unlikely to be like a normal one, with Venezuela instead perhaps the most relevant comparison.”

See also  Pentagon Chief Admits The Real Strategic Goal In Ukraine: Quagmire For Russia
Help Support Independent Media, Please Donate or Subscribe:
Trending:
See also  Blinken and Austin Heading to Ukraine As Russia Posts Stunning Video of Captured Weapons Cache in Kharkiv

Views: 2

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.