Russia Defaults on Debt and Abandons Ruble Defense: Largest Sovereign Default in History Caps Decade of Economic Devastation
The Russian government under Premier Sergei Kiriyenko announced a sovereign debt default, devaluation of the ruble, and a 90-day moratorium on commercial external debt payments, marking the climax of Russia’s most serious economic crisis since the 1991 Soviet collapse. Three days after …
Boris Yeltsin
Sergei Kiriyenko
International Monetary Fund
Central Bank of Russia
Russian Government
russia
financial-crisis
sovereign-default
shock-therapy
imf
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