Russia’s debt default will be one of the hardest in history to resolve and could see the US seize the central bank’s assets, economist says

Russia’s debt default will be one of the hardest in history to resolve and could see the US seize the central bank’s assets, economist says

Russian President Putin speaks with Finance Minister Siluanov during their meeting at the Novo-Ogaryovo state residence

Russian President Vladimir Putin speaks with Finance Minister Anton Siluanov.RIA Novosti/Reuters

  • The impending Russian debt default is likely to be one of the most difficult in history to resolve, Oxford Economics has said.

  • It could even result in the US seizing the Russian central bank’s frozen assets, the consultancy’s Tatiana Orlova said.

  • Russia still has a grace period in which to make dollar payments on its foreign bonds, but analysts say a default is likely.

The impending Russian debt…


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