Tag: contracts default

Russia Sanctions Put $41 Billion of Default Insurance at Risk

Double exposure of abstract creative financial chart hologram and world map on modern business center exterior background, research and strategy concept

Contracts insuring $41 billion in Russian sovereign debt may become worthless, despite the fact that they indicate a record likelihood of default. According to strategists and investors at Citigroup Inc., CreditSights Inc., and Vanguard Asset Management, international sanctions imposed on the country in response to President Vladimir Putin’s invasion of Ukraine may both trigger credit-default… Continue reading Russia Sanctions Put $41 Billion of Default Insurance at Risk