Russia faces first foreign default since 1918 – here’s how it could complicate Putin’s ability to wage war in Ukraine
Replacing 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 Michael A. Allen, Boise State University and Matthew DiGiuseppe, Leiden University Russia may be on the cusp of its first default on its foreign debt since