Summary
[JP Morgan: Sanctions have greatly increased the possibility of Russia’s debt default]JPMorgan said on March 2, local time, that the sanctions imposed by the United States and Western countries on Russia have greatly increased the possibility of Russia’s debt default. Sanctions, as well as disruptions to payment chains, also “create high barriers for Russia to pay bonds abroad.” Russia will have debt totaling more than $700 million in March, most with a 30-day grace period, according to JPMorgan Chase & Co., while some U.S. experts believe Russia could punish the U.S. and Europe by deliberately defaulting to pressure the U.S. collapse its economy. (CCTV News Client)
JPMorganOn March 2, local time, it said that the sanctions imposed by the United States and Western countries on Russia have greatly increased the possibility of Russia’s debt default, and the counter-sanctions implemented in Russia and the interruption of the payment chain have also “bringed Russia’s bond payments abroad.” high barriers.”
according toJPMorganRussia will have debt totaling more than $700 million in March, most of which has a 30-day grace period, while some U.S. experts believe Russia could overwhelm its economy by punishing the U.S. and Europe by deliberately defaulting .
(Article source: CCTV News Client)