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Russia faces first foreign default since 1918 – here's how it could complicate Putin's ability to wage war in Ukraine

  • Written by Michael A. Allen, Associate Professor of Political Science, Boise State University
Russia faces first foreign default since 1918 – here's how it could complicate Putin's ability to wage war in UkraineReplacing ships like the Moskva will be pricey. The flagship of Russia’s Black Sea Fleet recently sank after suffering damage.Russian Defense Ministry Press Service via AP

Russia may be on the cusp of its first default on its foreign debt since the Bolsheviks ousted Czar Nicholas II a century ago.

On April 14, 2022, Moody’s Investors...

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