Tag: default

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New driving law will see 'new kinds of problems arise' as default speed limits slashed

From next September, speed limits in built-up areas will be reduced from 30mph to 20mph, as Wales will become the first nation to...

Russian debt default: Last time it happened, what happens next, and what we can learn

Russia has defaulted on its foreign debt for the first time in more than a century, the White House said on Monday. Western...

Russia debt compared: How bad is Russia's debt as Putin heads for first default

Sanctions enacted by other countries following Vladimir Putin's invasion of Ukraine is making it impossible for the Kremlin to pay off part of...

Russia in chaos as economy could completely collapse – risk of default 'imminent'

The warring country, which invaded Ukraine on February 24, insists it has enough money and wants to make the payment as it is...

Russia may be in ‘default’ after paying foreign bonds in roubles – ‘End of grace period’

The statement comes as one of the starkest consequences to date of Moscow’s exclusion from the Western financial system since President Vladimir Putin’s...

Russia ‘runs the risk’ of historic default after failing to pay £89 million

According to the reports, Moscow is due to pay $117 million (£89 million) in interest on two dollar-denominated sovereign bonds it sold in...