Barron’s (June 27)
2022/ 06/ 29 by jd in Global News
“Russia’s first default on its foreign debt in more than 100 years is the latest sign that the sanctions… have consequences,” but it’s a “symbolic win.” Energy prices remain the biggest impact of sanctions. “Oil prices aren’t coming down as long as Western powers are working to wean themselves off Russian supply. Faster inflation and rising interest rates, meanwhile, are bringing the global economy to its knees.”
Tags: 100 years, Consequences, Default, Energy prices, Foreign debt, Impact, Inflation, Interest rates, Oil prices, Russia, Sanctions, Supply, Symbolic win
