Russia’s default has finally arrived on its sovereign debt in foreign currency for the first time in more than a century. Moscow has been unable to pay the interest on two bonds in dollars despite having enough foreign exchange reserves to do so. Investors assure that they have not received payment after the grace month. Russia’s DefaultRussia is showing the consequences of the sanctions the West has massively imposed on it after the war against Ukraine. Q1 2022 hedge fund letters, conferences and more For months, the country has managed to find ways and shortcuts to wade through the measures …