{"id":1439728,"date":"2022-04-15T08:14:53","date_gmt":"2022-04-15T12:14:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1439728"},"modified":"2022-04-15T08:15:10","modified_gmt":"2022-04-15T12:15:10","slug":"russia-may-have-defaulted-on-its-debt-for-first-time-in-100-years","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/russia-may-have-defaulted-on-its-debt-for-first-time-in-100-years\/","title":{"rendered":"Russia May Have Defaulted on Its Debt for First Time in 100 Years"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Frussia-may-have-defaulted-on-its-debt-for-first-time-in-100-years%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1439728&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Hermitage Capital CEO tells &#8216;The Claman Countdown&#8217; Putin started the Ukraine war to distract the Russian people after he stole their money.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Russia may have defaulted on foreign bonds for the first time since the years following the 1917 Bolshevik Revolution.<\/p>\n<p>That&#8217;s the word from credit agency Moody&#8217;s after <a href=\"https:\/\/www.foxnews.com\/category\/world\/world-regions\/russia\" target=\"_blank\" rel=\"noopener\">Moscow<\/a> tried to service its debt in rubles.<\/p>\n<p><a href=\"https:\/\/foxbusiness.onelink.me\/Zkcx?pid=AppArticleLink&#038;af_dp=foxbusinesssaf%3A%2F%2F&#038;af_web_dp=https%3A%2F%2Fwww.foxbusiness.com%2Fapps-products\" target=\"_blank\" rel=\"noopener\"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n<p>Russia is required to service its debt in U.S. dollars, according to Reuters.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/03\/931\/523\/putin-aviation-meeting.jpg?ve=1&#038;tl=1\" alt=\"image\" \/><\/div>\n<div class=\"caption\">\n<p><span>Russian President Vladimir Putin<\/span><span> (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP \/ AP Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Moscow made payments on April 4 on two sovereign bonds maturing in 2022 and 2042.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/live-news\/ukraine-russia-live-updates-04-15-2022\" target=\"_blank\" rel=\"noopener\"><strong>RUSSIA INVADES UKRAINE: LIVE UPDATES<\/strong><\/a><\/p>\n<p>Russia &#8220;therefore may be considered a default under Moody&#8217;s definition if not cured by 4 May, which is the end of the grace period,&#8221; Moody&#8217;s said in a statement on Thursday.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/02\/931\/523\/Kremlin.jpg?ve=1&#038;tl=1\" alt=\"Russia Moscow\" \/><\/div>\n<div class=\"caption\">\n<p><span>A picture taken shows the Vodovzvodnaya Tower of the Kremlin (L) and the Ministry of Foreign Affairs of Russia&#8217;s building.<\/span><span> ((Photo by NATALIA KOLESNIKOVA\/AFP via Getty Images) \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Another credit agency, <a href=\"https:\/\/www.foxbusiness.com\/markets\" target=\"_blank\" rel=\"noopener\"><u>Standard &#038; Poor&#8217;s<\/u><\/a>, issued a downgrade of <a href=\"https:\/\/www.foxnews.com\/category\/world\/world-regions\/russia\" target=\"_blank\" rel=\"noopener\"><u>Russia&#8217;s<\/u><\/a> foreign currency rating a week ago, increasing the prospect of Moscow defaulting on external loans for the first time in more than a century.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/sp-downgrade\" target=\"_blank\" rel=\"noopener\"><strong>CLOCK TICKS TOWARD RUSSIA DEFAULT AFTER S&#038;P DOWNGRADE<\/strong><\/a><\/p>\n<p>It was at that time S&#038;P didn\u2019t expect Russia to be able to convert the rubles into dollars within the 30-day grace period allowed.<\/p>\n<p>Russia has said it wants to service its debt, but the sanctions put on it by Western nations has prevented it.<\/p>\n<p><a href=\"http:\/\/foxbusiness.com\/\" target=\"_blank\" rel=\"noopener\"><strong><u>CLICK HERE TO READ MORE ON FOX BUSINESS<\/u><\/strong><\/a><\/p>\n<p>At one point, the U.S. Treasury blocked a transfer of a $649 million to holders of sovereign bonds, keeping Russia from using any of its frozen foreign currency reserves, according to a previous report from Reuters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hermitage Capital CEO tells &#8216;The Claman Countdown&#8217; Putin started the Ukraine war to distract the Russian people after he stole their money. Russia may have defaulted on<\/p>\n","protected":false},"author":498,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1439728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1439728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1439728"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1439728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1439728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1439728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1439728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}